Preparation and Challenges Upon The Implementation of PSAK 55: A Case Study of Rural Banks
Firda Farida, Elvia R Shauki

Study Program of Master of Accounting, Universitas Indonesia
Gedung Prof. Dr. M. Sadli, Jl. Salemba Raya No. 4, Kampus UI Salemba, Jakarta 10430, Indonesia.

Abstract

This study aims to analyze the preparation and challenges upon the implementation of PSAK 55 in Rural Banks (BPR). This study used descriptive qualitative methods through questionnaires and semi-structured interviews. This research utilized data analysis in the form of content, thematic, and constant comparative analysis. The results of this study indicated that there were some challenges in the preparation for the PSAK 55 implementation in BPR. These challenges occurred due to the dominance of logic that triggered the behavior of actors not to apply PSAK 55 in BPR. This study revealed a solution to minimize the dominant logic by increasing the knowledge and capabilities of human resources in BPR, as well as the role of standard setters in the application of PSAK 55. In addition, this study explained the application of Institutional Logic Theory where symbolic carriers (regulations) could affect material carriers in BPR including the actor behavior and preferences to follow (coupling) or not to follow (decoupling) the PSAK 55 implementation in BPR.

Keywords: Preparation and Challenges- PSAK 55- Institutional Logics- Symbolic Carriers- Material Carriers- Dominance of Logics

Topic: Accounting and Finance