Abstract:
This research wants to propose accounting treatment for revenue cycle in peer to
peer lending by creating the journalization for peer to peer lending transaction.
Indonesian new accounting standard, PSAK 72 doesn’t cover about the
journalization for revenue from contract with customer in peer to peer lending
company. The lack of the previous standard could cause several peer to peer
lending company to treat their revenue incorrectly. This is qualitative research
using data of foreign and Indonesian peer to peer lending. As a result, a new
revenue account is made to represent the amount of fees that charged to the
customer as transaction fees or servicing fees after the entity completes its
performance obligation. This revenue recognition is using the concept of IFRS 15
Revenue from Contract with Customer. This research is limited only to journal
entries for Indonesian peer to peer lending company’s transaction.
