ABSTRACT

Usep Zainul ARIF. The Relevance of Going Concern As Sharia Accounting

Basic Concepts Analysis. (Under the guidance of Dadang Romansyah, SE.,
Ak, MM, SAS and Adril Hakim, ST., MM). Accounting Department of SEBI,
School of Islamic Economic, 2010.

Today, religious values have been used as a foothold in the development

and implementation of business (including accounting in it), so that
business ethics should not be leaving the business framework, built on the
sharia basis. Sharia is the guidelines used by Muslims to behave in all
aspects of life.

The financial information of course has a very important role in business

activity. Where information will be useful in making business decisions by
the relevant parties. Accounting also appears to facilitate the needs of
such financial information.
Going concern is the survival of an enterprise and is an assumption in the
financial reporting of an entity so that if an entity has the opposite
condition, the entity becomes a problem. Going concern is also known as
the continuity which is the assumption of a business accounting estimate
will continue in an indefinite period

When compared with the basic assumptions used by the Framework for
the Preparation of Financial Statements, which are used in Indonesia by
adhering to what is used by the International Accounting Standards
Committee (IASC), then there is little difference. If the basic framework of
conventional accounting explicitly uses two basic assumptions, namely
the accrual basis (accrual basic) and business continuity (going concern),
then the basic assumptions used in the framework of the basic version of
the AAO-IFI consists of four things, namely: The accounting unit concept,
The going concern concept, The Periodicity concept, The stability of
purchasing power of the monetary unit.
Comparison of these two basic concepts above, strongly suggests that
there is only one basic concept which are equally recognized by both the
accounting model that is the concept of going concern. The irony is that in
fact this concept has been much attacked by the various experts, eg
Husband (1954), Sterling (1967), Fremgen (1968), Boris (1991) and Abdel
Magid (1981).

Furthermore, the aim in this paper is to examine relevant or not going-

concern as a basic concept of Islamic accounting. This may be a very
important thing, that in the development of a conceptual framework that
"coherent" in accounting for sharia is a thing that cannot be ignored.
Especially going concern issues. Therefore, this study argues that the
conventional accounting adjustments and modifications based on Western
values, which is incompatible with Islamic values, is necessary to establish
shariah accounting conceptual framework if such accounting can be
accepted as a new paradigm in the field of accounting.

Analysis method used is descriptive qualitative method that is by

presenting factual information obtained from various sources of literature
that supports research related to analysis of the relevance of the going
concern as the basic concepts of Islamic accounting.

The results showed that the going concern postulate that Islamic
accounting is used for this fact is irrelevant. Even within the conventional
accounting postulate any going concern is debatable. In addition, the
concept of today's companies have also influence the conventional
accounting postulates that automatically affect the accounting in this case
the financial statements.

By using the analysis method of accounting theory and theory of literature

in muamalah problem and then had discussions with both the Islamic
accounting experts as well as conventional, researchers are able to draw
conclusions from research results.