UMM Students Are Introduced to Shariah Accounting System and Practice

Author : Humas | Saturday, September 30, 2017 12:55 WIB

Member of Sharia Accounting Standard Council, Wiroso SE MBA explaining about sharia accounting system in Indonesia

As the largest Muslim-populated country in the world, the Shariah-based economic system has a huge opportunity to be implemented in the country. Moreover, sharia economy does not incriminate one party in the matter of loss. It is not like the conventional system that incriminates the customer.

This was conveyed by Head of Accounting Laboratory of University of Muhammadiyah Malang (UMM), Dra Sri Wahyuni Latifah MM Ak CA at Short Course of Sharia Accounting which was held on Thursday to Friday (28-29). The training is aimed for senior students of Accounting Department UMM. This event presented representatives of three Sharia-based business institutions, which were Sharia pawnshop of Malang, Bank Muamalat of Malang, and Sharia Accounting Standard Council.

Sri Wahyuni stated that, this event was to make senior students ready to write thesis and to give them overview about sharia accounting system in Indonesia. “The first purpose of this event is to give overview to senior students how to write a thesis. The second is to give practical example about sharia accounting in Indonesia explained by experts”.

Member of Syariah Accounting Standards Council Wiroso SE MBA mentioned that, the distinction between conventional and sharia systems lies only in the process. "Sharia system is not a final result that is different from conventional. What makes them different is only the process”.

But in fact, sharia-based banks are still losing prestige with conventional banks in Indonesia. Wiroso "In Indonesia, the development of sharia business is very slow, this is because Islamic banks do not implement the system purely sharia. For example, there are still many sharia banks that are under conventional banks”.

One of the short course participants, Indra Maya Nastiti who is an Accounting Department student 2014, admitted that she was enthusiastic with this activity. "By joining this activity, I can understand how the structure and application of sharia accounting in Indonesia in detail explained by the practitioners. Furthermore, I hope I can work in Sharia-based economy institutions and implement sharia system after I graduate”. (lus)

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