Socialization of the Value Relevance of Sharia Financial Reports for Lecturers and Students of the Sharia Economics at STAINU Malang

Abstract

Sharia entities in Indonesia have experienced rapid development, accompanied by the development of Sharia Financial Accounting Standards (SAK) in response to public demand for the presentation of Sharia entity financial reports. The most significant developments in SAK are the shift in asset valuation from historical cost to fair value and revenue recognition from net surplus income to all-inclusive income. Unfortunately, these developments in Sharia accounting have not been widely embraced by Sharia economics students, who are potential stakeholders in the financial reporting of Sharia entities. The purpose of this activity was to provide information to lecturers and students of the Sharia Economics study program at STAINU Malang about the theoretical basis of fair value and all-inclusive income in the financial reporting of Sharia entities. This activity was relatively effective, as evidenced by the significant difference in pre-test and post-test scores among participants, with the mean post-test score being greater than the pre-test score