Implementasi Psak 71 Terhadap Laporan Keuangan Pt Bank Sumut Tahun 2024

Abstract

The Statement Of Financial Accounting Standards (PSAK) 71 On Financial Instruments Has Been Effective Since January 1, 2020, Replacing PSAK 55. PSAK 71 Introduces Significant Changes In The Accounting Treatment Of Financial Assets, Most Notably The Recognition Of Credit Losses Using A Forward-Looking Expected Credit Loss (ECL) Approach, In Contrast To The Previous Incurred-Loss Model. This Study Aims To Examine The Implementation Of PSAK 71 In The 2024 Financial Statements Of PT Bank Sumut. A Qualitative Descriptive Research Design With A Case Study Approach Was Employed, Utilizing Secondary Data Drawn From The Bank’s 2024 Annual Report. The Findings Indicate That PT Bank Sumut Has Fully Implemented PSAK 71 In Accordance With The Standard’s Requirements. Financial Assets Were Classified Based On Both The Bank’s Business Model And The Cash-Flow Characteristics, While Credit Loss Provisions Were Measured Under A Three-Stage ECL Framework. The Adoption Of PSAK 71 Has Improved The Quality Of Financial Reporting And Strengthened Risk Management Practices Within PT Bank Sumut.