Analysis of the Implementation of PSAP No. 9 on Liability Accounting in the Financial Statements of Tapanuli Tengah Regency Government for the Fiscal Year 2024

Abstrak

Purpose – This study aims to analyze the implementation of Government Accounting Standard (PSAP) No. 09 concerning liability accounting in the financial statements of the Tapanuli Tengah Regency Government for the 2024 fiscal year. The research seeks to evaluate the level of compliance in recognizing, measuring, presenting, and disclosing liabilities based on the applicable government accounting standards and to identify areas that require improvement to enhance fiscal accountability and transparency.

Design/Methodology/Approach – The study employs a qualitative descriptive approach through document analysis. Data were collected from the Notes to the Financial Statements of Tapanuli Tengah Regency (CaLK 2024), the 2022 SAP Book issued by the Government Accounting Standards Committee (KSAP), and audit reports from the Supreme Audit Agency (BPK RI) and its North Sumatra Regional Office. The analysis involved data reduction, classification, comparison with PSAP No. 09, and validation using audit findings to assess compliance.

Findings – The results indicate that the Tapanuli Tengah Regency Government has largely complied with PSAP No. 09, particularly in terms of recognition, measurement, and classification of liabilities. Short-term and long-term liabilities are presented clearly and consistently. However, there are still weaknesses in disclosure, especially regarding loan repayment schedules, interest details, and fiscal risk explanations. Enhancing these aspects would improve the transparency and completeness of financial reporting.

Originality/Value – This research provides a practical assessment of PSAP No. 09 implementation at the regional government level, offering valuable insights into how compliance with accounting standards contributes to better fiscal management and public accountability. The study highlights the need for improved disclosure practices and serves as a reference for other local governments aiming to strengthen financial reporting transparency and achieve more reliable audit outcomes.