Jakarta, PWYP Indonesia – Since January 1, 2020, the standard for presenting financial statements for non-profit organizations has changed from the Statement of Financial Accounting Standards (PSAK 45) to the Interpretation of Financial Accounting Standards (ISAK 35). With this latest standard, non-profit organizations must make adjustments to financial statements. One of the efforts that can be made to increase financial management capacity, PWYP Indonesia and coalition members held training activities on financial management and strategy of non-profit organizations, which were held through the online media Zoom (06/05). Participants in the activity were attended by 20 members of the PWYP Indonesia coalition from various regions in Indonesia.
The idea to hold training originated from the awareness that the management and presentation of standardized and accountable financial reports will increase the portfolio and the institution’s credibility. This training is aimed at first, gaining knowledge about ISAK 35 standards; second, knowing the differences between the versions of the PSAK 45 and ISAK 35 financial statements; third, mapping the financial statement adjustments that PWYP Indonesia and coalition members must make to comply with ISAK 35.
It is hoped it can increase the knowledge and capacity of the PWYP Indonesia coalition members, especially in terms of managing and presenting financial reports, being able to find out where the differences in the financial statements of the PSAK 45 and ISAK 35 versions, and can help the financial staff of coalition institutions to make adjustments to financial reports according to standards. ISAK 35.
Based on the discussion process in training, it can be identified that the coalition organization faces at least three problems. First, some coalition organizations are still not accustomed to conducting financial reports following accounting financial reporting standards. Second, some coalition members do not yet have software that can accommodate financial reports, according to ISAK 35. Third, several coalition members already have financial reporting software, but its use has not been optimized. This problem is one of the obstacles for the PWYP Indonesia coalition organization to create and present financial reports by standard financial reporting standards.
Referring to these obstacles, it is hoped that this training can answer the problems and needs of the coalition organizations. This activity is part of a series of training and capacity building related to organizational financial management and strategy to encourage strategic financing to support capacity building and advocacy work for coalition organizations to be more optimal and credible in the eyes of stakeholders.
Author: Ferina A. Fabriningrum
IDEA Yogyakarta