The Analysis of Financial Accountability Based on ISAK 335 at The Calvary Children's Services Foundation (YPAC)
Keywords:
Financial Accountability, ISAK 335, Non-Profit Organization, Transparency, Financial ReportingAbstract
This study aims to analyze the financial accountability of the Calvary Children's Ministry Foundation (YPAC) based on the Interpretation of Financial Accounting Standards (ISAK) 335. YPAC, as a non-profit organization, is responsible for preparing transparent and accountable financial reports as a form of accountability to donors and the public. Observations indicate that YPAC has not fully implemented financial reporting in accordance with ISAK 335 due to the limited availability of personnel with an accounting background. The research employs a qualitative descriptive method, collecting data through interviews, observations, and documentation. The findings reveal that YPAC has been preparing financial reports using Microsoft Excel, but these reports do not yet comply with ISAK 335 standards. This study proposes a financial reporting framework aligned with ISAK 335, including a statement of financial position, statement of comprehensive income, statement of changes in net assets, cash flow statement, and notes to the financial statements. The implementation of ISAK 335-based financial reports is expected to enhance transparency, accountability, and public trust in the foundation's financial management. Furthermore, it serves as a guideline for other non-profit organizations in preparing financial reports that comply with accounting standards.
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