Perlunya Standar Akuntansi Keuangan Pemerintah atas Sukuk Negara untuk Mewujudkan Akuntabilitas Syariah

Abstract

This study aims to analyze the practice of Government Accounting Standards for Sovereign Sukuk transactions according to PSAK 110 (revised 2015), AAOIFI FAS 33, PMK on Central Government Accounting Policies, and PMK on Government Debt Financial Reporting Accounting Systems using a case study qualitative approach. The result of the research is the need to improve the accounting treatment for Sovereign Sukuk. Sovereign Sukuk is recognized when the obligation arises, namely at the time of the sale transaction. However, this recognition does not regulate each Sovereign Sukuk contract. The measurement of Sovereign Sukuk is regulated by two regulations, which result in impractical accounting treatment related to the measurement. The presentation of Sovereign Sukuk is presented in the value of Government Securities (SBN) both short term and long term. The presentation is the same as the presentation of corporate Sukuk for the type of ijarah Sukuk. The regulations do not regulate the detailed disclosure of information that must be disclosed concerning Sovereign Sukuk so the disclosure of transaction information on Sovereign Sukuk is not as complete as corporate Sukuk. Therefore, to maintain the accountability of Sovereign Sukuk, it is necessary to have government accounting standards that specifically regulate it. It aims to increase public confidence to invest in Sovereign Sukuk.