Proceedings of the 5th International Conference on Accounting and Finance (ICAF 2019)

Constructing the Supervision Model in Sharia Cooperative Entities

Authors
Ahim Abdurahim, Hafiez Sofyani
Corresponding Author
Ahim Abdurahim
Available Online November 2019.
DOI
https://doi.org/10.2991/icaf-19.2019.1How to use a DOI?
Keywords
shariah cooperative entities, supervisory model, business failure, liquidity funds, profit sharing
Abstract
The purpose of this study is to formulate model of supervisory system for sharia cooperative entities. This supervisory system can detect early signs of business failure preventing greater impact for the. This study used qualitative method with descriptive-exploratory approach. The object of the research was the Department of Cooperatives and MSMEs of the Special Region of Yogyakarta. The informants were chief supervisors, Heads of Supervisory Bureau and supervisory staffs at the Department of Cooperatives and MSMEs, members and staffs of shariah cooperative, entities under the supervision of the public institution. The data collection methods were a series of interviews and analysis of shariah cooperative entities financial report as well as relevant rules and regulations. The findings showed five indicators of failing shariah cooperative entities, they are: 1. disruption of liquidity funds to fulfill obligations to the members, 2. Illogical profit sharing, 3. long-term investment that disrupts cash flow, 4. bad financing, and 5. non-compliance towards SOP resulting in fraud.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
5th International Conference on Accounting and Finance (ICAF 2019)
Part of series
Advances in Economics, Business and Management Research
Publication Date
November 2019
ISBN
978-94-6252-834-5
ISSN
2352-5428
DOI
https://doi.org/10.2991/icaf-19.2019.1How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Ahim Abdurahim
AU  - Hafiez Sofyani
PY  - 2019/11
DA  - 2019/11
TI  - Constructing the Supervision Model in Sharia Cooperative Entities
BT  - 5th International Conference on Accounting and Finance (ICAF 2019)
PB  - Atlantis Press
SP  - 1
EP  - 5
SN  - 2352-5428
UR  - https://doi.org/10.2991/icaf-19.2019.1
DO  - https://doi.org/10.2991/icaf-19.2019.1
ID  - Abdurahim2019/11
ER  -