Transparency Elevation: Biological Asset Accounting Treatment -Based Al-Shiddiq Value (Study at PT PP London Sumatera Indonesia Tbk)

Abstract

The purpose of this research is to find out how accounting treatment is carried out by PT London Sumatera Indonesia Tbk and to find out if the company has implemented the value of honesty otshiddiqin presenting its financial statements so that they not only prioritize personal interests but also prioritize the interests of the users of financial statements. The approach used in this study is a case study approach, which focus on accounting treatmentcases implemented by PT Lonsum. Data collection is carried out through documentation media and strengthened by secondary data in this case financial statements. Content Analysis became the data analysis technique used in this study. The results of this study suggest that the accounting treatment carried out by the company has been in accordance with PSAK 69 except in terms of depreciation. Reviewed from a shariah point of view in this case the implementation of honest attitude or shiddiq company has done accounting treatment ranging from recognition to disclosure of biological assets in financial statements in accordance with the principle of honesty. Not only are profit a top priority but they put the common good first while upholding the value of honesty in presenting financial information.