The Treatment of PSAK 105 on Accounting for Umrah Savings at KSPPS BMT UGT Sidogiri Negara Bali

This study aimed to determine the treatment of PSAK 105 on the accounting for umrah savings at KSPPS BMT UGT Sidogiri Negara Bali. This type of research is qualitative with a descriptive approach. The research subjects were the head of the office, cashiers, and customers who were umrah savers. The research object is the suitability of the acknowledgment, measurement, presentation, and disclosure of Umrah savings accounting based on PSAK 105. Data collection methods used are interviews, documentation, and literature study. Meanwhile, according to Miles and Huberman, the data analysis technique used is qualitative analysis. Based on the results of the study, the accounting treatments for Umrah savings based on PSAK 105 are: (1) in terms of recognition and measurement, namely: first, when the Umrah savings fund is received, it is recognized as an Umrah savings fund, recorded at the nominal amount received; second, when disbursed to financing, it is recognized as third party funds; third, the calculation of profit-sharing using the profit-sharing principle; fourth, there is no recording of the rights of third parties on profit sharing that have been calculated but have not been distributed. (2) In terms of presentation, namely: first, the received temporary syirkah funds are presented as an umrah savings account, not as temporary syirkah funds, measured at their nominal historical value; second, there is no recording of the time of profit sharing that has been calculated but has not been distributed. (3) Judging from the disclosure, namely: disclosed related to the portion of contract funds based on sharia principles, with a ratio of 40% for members and 60% for BMT, while for business activities and others are not disclosed, do not even disclose notes to the financial statements. Thus, overall, it can be concluded that KSPPS BMT UGT Sidogiri Negara Bali has not implemented all the items in PSAK 105.