Analysis Of Presentation Of Sharia Financial Statements According To Psak 101 At Pt. Mandiri Sharia Bank

. The presentation of Islamic Financial Statements has been regulated in PSAK 101 and every bank needs to refer to it. As we know, PT Bank Syariah Mandiri is the number 1 largest Islamic bank in Indonesia and other information obtained by researchers, PT Bank Syariah Mandiri will merge with 2 other Islamic state-owned banks, namely PT Bank BNI Syariah and PT Bank BRI Syariah. Therefore, researchers are interested in examining whether the financial statements of PT Bank Syariah Mandiri are appropriate in applying the application of Financial Accounting Standards 101. The types of data used are qualitative and quantitative data, the data used are general company information and company financial statement information in 2019. Sources the data used is secondary data. The data collection method is literature study. In the financial statements of PT Bank Syariah Mandiri, the bank has reported all components of the financial statements in PSAK 101. In the Statement of Financial Position PT Bank Syariah Mandiri does not include the Istishna Assets in Settlement and Salam Receivable accounts in the Statement of Financial Position, but in PSAK 101 Paragraph 61 explains Statement of Financial Accounting Standards 101 does not regulate the composition or format of presentation of statement of financial position items. PT Bank Syariah Mandiri continues to present relevant information on the Statement of Financial Position. However, in PSAK 101 Paragraph 61 explaining the Statement of Financial Accounting Standards 101 does not regulate the composition or format of the presentation of the statement of financial position. PT Bank Syariah Mandiri continues to present relevant information on the Statement of Financial Position. However, in PSAK 101 Paragraph 61 explaining the Statement of Financial Accounting Standards 101 does not regulate the composition or format of the presentation of the statement of financial position. PT Bank Syariah Mandiri continues to present relevant information on the Statement of Financial Position.

Islamic banks are banks that operate without relying on interest. The position of Islamic banks with their customers is as partners of investors and traders. In principle, Islamic banking is the same as conventional banking, namely as an intermediary instrument that receives funds from people who have surplus funds (in the form of raising funds) and distributes them to parties in need (in the form of products throwing funds). Islamic banks use various investment techniques and methods, where the investment relationship contract between Islamic banks and their customers is called financing. In banking, financing has an important role, especially to channel fundsto the community to deal with problems and or working capital, especially for the lower-middle business sector that has capital problems to carry out their business activities in order to increase income. Financing is funding provided by a party to another party to support planned investments, either by themselves or by the Institution. So in other words, financing is funding issued to support planned investments.The existence of an institution cannot be separated from the process of accounting records.
Each institution or company is obliged to record accounting activities that occur within the company which are then presented in the form of financial statements. The report will later be used as an accountability for the funds and assets of the company and shareholders and as a report in the decision making of various interested parties.PSAK 101 was first issued by the Financial Accounting Standards Board of the Indonesian Institute of Accountants (DSAK IAI) on 27 June 2007. PSAK This replaces the provisions related to the presentation of Islamic financial statements in PSAK 59: Accounting for Islamic Banking issued on May 1, 2002. Statement of Financial Accounting Standards 101: Presentation of Islamic Financial Statements (hereinafter referred to as PSAK 101) establishes the basis for presentation.General purpose financial statements for sharia entities. This statement stipulates the requirements for the presentation of financial statements, the structure of the financial statements, and the minimum requirements for the content of the financial statements for sharia transactions.
Accounting standards based on sharia principles are the key to success for Islamic banks/financial institutions to run their systems in order to serve the community. These accounting standards will be reflected in the accounting system that is used as the basis for making the financial reporting system. PSAK 101 regulates the preparation of financial statements for Islamic financial institutions, where the basic transactions in the preparation of Islamic financial statements include transaction activities that are impossible for conventional banks to carry out such as buying and selling and leasing. Therefore, the determination of the profit-sharing ratio needs to be done properly in order to benefit both parties. Based on the phenomena and problems described above,The presence of PT. Bank Syariah Mandiri since 1999, has actually been a lesson as well as a blessing after the 1997-1998 economic and monetary crisis. As is well known, the economic and monetary crisis since July 1997, which was followed by a multi-dimensional crisis, including on the national political stage,has caused a variety of very severe negative impacts on all aspects of people's lives, including the business world. At the same time, the government merged four banks (Bank Dagang Negara, Bank Bumi Daya, Bank Exim, and Bapindo) into one new bank named PT Bank Mandiri (Persero) on July 31, 1999. The merger policy also placed and determine PT Bank Mandiri (Persero) Tbk. as the new majority owner of Bank Susila Bakti. The Sharia Banking Development Team views that the enactment of the Law is the right momentum to convert PT Bank Susila Bakti (BSB) from a conventional bank to a sharia bank.
Extraordinary General Meeting of Shareholders (EGMS) PT. BRI Syariah approved the merger, approved the merger plan, approved the merger deed, approved changes to the articles of association, and approved the composition of the Board of Directors, Commissioners, and Sharia Supervisory Board of the Merged Bank. So, the three Indonesian state-owned Islamic banks officially merged.The presentation of Islamic Financial Statements starting from the structure, content, and regulations related to the standard of presentation of each item in the Islamic Financial Statements is regulated in PSAK 101 and every bank needs to refer to it. The application of PSAK 101 at Bank Syariah Mandiri is very important so that the institution can prepare financial statements with http://ijstm.inarah.co.id more detail and facilitate the provision of financial information for those in need. Bank Syariah Mandiri has a record of financial statements for a period that describes the company's financial position and accounts related to financial reporting issued in accordance with the objectives and decision making. Based on this description, the authors are interested in compiling this scientific writing with the title "Analysis of the Presentation of Islamic Financial Statements According to PSAK 101 at PT. Mandiri Syariah Bank"

II.
LITERATURE REVIEW Report Finance Understanding Sharia Accounting Sharia accounting is accounting that has the aim of helping the achievement of socio-economic justice (Al Falah) as well as fully recognizing the obligations to God, society, and individuals involved in activities related to the economy as a means of worship. The agency that issues sharia accounting standards is AAO-IF which was established in 1991 (Adnan M Akhyar: 2005).
Financial statements Financial Reports are the main means of delivering financial-related information to parties from outside the company. The financial statements are the history of the company which expressed in units of money (Kieso, Weygandt, and Warfield: 2011).
Purpose of Financial Statements Financial reports are prepared to meet the needs of most users. However, the financial statements do not fully describe the reports that may be required by users of financial statements because financial statements generally present the current financial condition and the effect of financial changes from past events, and are not required to present non-financial statements. According to PSAK No. 1 (2015), the purpose of financial statements is to provide information about the financial position, financial performance and cash flows of an entity that is useful for most users of the report in making economic decisions.

Components of Financial Statements in PSAK 101
Components reportcomplete sharia entity finance consists of: a. Statement of Financial Position Statement of Financial Position is a report that shows the company's financial position on a certain date. The meaning of the financial position is the position of the total position and type of assets (assets) and liabilities (liabilities and equity) of a company. In PSAK 101 Appendix A02, Islamic banks present in the statement of financial position, taking into account the provisions of the relevant SAK, including, but not limited to.
b. Statement of Income and Other Comprehensive Income Sharia entities present all income and expense items recognized in a period in a report showing the components of profit and loss and component incomeother comprehensive (Paragraph 85). In PSAK 101 Appendix A03, the components of the statement of profit or loss and other comprehensive income of Islamic banks are prepared by referring to other SAKs for general items. By taking into account the provisions of the relevant SAK, Islamic banks present a statement of profit and loss and other comprehensive income which includes, but is not limited to. In PSAK 101 Paragraph 86, the statement of profit or loss and other comprehensive income presents, in addition to the profit or loss and other comprehensive income: a.
Profit and loss; b.
Total other comprehensive income; c.
Comprehensive income for the current period, i.e. total profit and loss and incomeanother comprehensive. In PSAK 101 Paragraph 89, the other comprehensive income section presents items for the amount other comprehensive income in the current period, classified by nature (including the share of other comprehensive income of associates and joint ventures which are accounted for using the equity method) and grouped according to SAK: Will not be further reclassified to profit or loss; and Will be further reclassified to profit or loss when certain conditions are met.

c. Statement of Changes in Equity
This report is the link between the income statement and balance sheet. Profit and loss and net capital transactions will be included in the statement of changes in capital so that the final figure will be obtained. The entry of profit figures and changes in Net capital to the capital account will be a process called closing the books.
d. Cash flow statement Cash flow information provides a basis for users of financial statements to assess the ability of Islamic entities to generate cash and cash equivalents and the needs of Islamic entities in using these cash flows. PSAK 2: Statement of Cash Flows regulates the requirements for presentation and disclosure of cash flow information.
d. Revenue and Revenue Sharing Reconciliation Report Islamic banks present a reconciliation report of income and profit sharing which is a reconciliation between the income using the accrual basis and the income distributed to the owners of the funds using the cash basis (Appendix A06).

g. Notes to financial statements
In PSAK 101 Paragraph 128, the structure of the notes to the financial statements is: a. Provide information about the basis for preparing the financial statements and the specific accounting policies used in accordance with paragraphs 133-140; b. Disclosing information required by SAK that does not presented anywhere in the financial statements; and c. Provide information that is not presented elsewhere in the financial statements, but the information is relevant to understanding the financial statements.

III.
RESEARCH METHODS Object of research PT Bank Syariah Mandiri has grown as a bank that is able to combine the two, which underlies its operational activities. This harmonization of business ideals and spiritual values is one of the advantages of Bank Syariah Mandiri in its work in Indonesian banking. Currently, Mandiri Syariah has 1 Head Office and 1,736 office network consisting of 129 branch offices, 398 branch offices assistant, 50 cash offices, 1000 sharia bank services at Bank Mandiri and other office networks, 114 payment points, 36 pawn service offices, 6 micro offices and 3 non-operational offices in all provinces in Indonesia, with access to more than 200,000 ATM networks.The address for the head office of PT Bank Syariah Mandiri is at Wisma Mandiri I Jl. MH. Thamrin No. 5 Jakarta, 10340 -Indonesia. PT Bank Syariah Mandiri's share ownership of 597,804,386 shares (99.99999983%) is owned by PT Bank Mandiri (Persero) Tbk. and 1 share (0.00000017%) owned by PT Mandiri Sekuritas.

Data Types and Sources
The types of data used in this study are qualitative and quantitative data, qualitative data in this study are company information data such as the history of the company's establishment, and other qualitative data. Then quantitative data is data that contains numbers in the position of the company's 2019 financial statements.The source of the data used is secondary data, in the form of an audited annual financial report of PT Bank Syariah Mandiri. The financial report used is the 2019 annual report of PT Bank Syariah Mandiri.

Method of collecting data
Literature study is a study that is used to collect information and data with the help of various materials in the library such as documents, books, magazines, historical stories, and so on (Mardalis: 1999). So it can be concluded, literature study is a data collection method whose activities are collecting data which will later be used as a reference or source of information relevant to the problem or topic under study. Information can be obtained from various sources ranging from books, scientific works, theses, journals, internet, and other similar sources. The literature study will be used by researchers to obtain all information related to their research.Researchers use literature studies to obtain more accurate, relevant, and logical information based on reliable sources, both before and during this research. Literature studies conducted before conducting research are:

1.
Looking for information that is relevant to the problem to be studied 2.
Finding problems and problem boundaries to be researched 3.
Finding and understanding theories and foundations related to research which are guidelines for solving problems and for formulating hypotheses to be tested in research 4.
Deepen the researcher's knowledge of all the information obtained before starting the formulation of the problem

IV.
DISCUSSION This Statement sets out the basis for the presentation of general purpose financial statements for Islamic entities, so that they can be compared with the financial statements of the previous period and with the financial statements of other Islamic entities. Statement of Financial Accounting Standards 101 regulates the requirements for the structure, presentation, and minimum content requirements of Islamic financial statements.According to PSAK 101 Paragraph 9, Financial Statements are a structured presentation of the financial position and financial performance of a sharia entity. The purpose of financial statements is to provide information about the financial position, performance, and cash flows of Islamic entities that are useful for most users of financial statements in making economic decisions.In accordance with PSAK 101 Paragraph 9, in order to achieve these objectives, the financial statements present information regarding sharia entities which include: Asset Although PSAK 101 does not regulate the format of the contents of the Statement of Financial Position in absolute terms and only requires the contents of the Statement of Financial Position to be presented separately based on relevance in understanding the financial position, the authors suggest that the inventory account is still presented in the Company's Statement of Financial Position, so that the Statement of Financial Position of PT Bank Syariah Mandiri can be more easily understood by users and is more in line with the format of the statement of financial position stated by PSAK 101.