Analysis Implementation of Accounting for Sharia Insurance Transactions and Presentation of Sharia Financial Statements (Study on the Sharia General Insurance Industry)

Imam Rosyadi | Wiwik Utami

Abstract: This study is aimed to analyze the implementation of Statement of Financial Accounting Standards (SFAS): Accounting for Sharia Insurance Transactions (SFAS 108) and Presentation of Sharia Financial Statements (SFAS 101) in the Full Fledge Sharia General Insurance Industry. The research methods used descriptive. Data collection by library and field studies by conducting interviews and documentation. The results showed that the full fledge sharia general insurance industry was appropriate in the implementation of the presentation and disclosure aspects of SFAS 108 Accounting for Sharia Insurance Transactions but in the recognition and measurement aspects were still not fully implemented due to the availability of actuary constraints. Implementation of SFAS 101 Presentation of Sharia Financial Statements as a whole has been implemented by the industry.

Keywords: SFAS 108, SFAS 101, Sharia General Insurance Industry, Sharia Financial Statements, Sharia Insurance Transactions

Edition: Volume 9 Issue 7, July 2020,

Pages: 1535 - 1540