Practical Training on Exchange Rate Difference Accounting for Hajj and Umrah Travel Business Actors: Improving the Accuracy of Foreign Exchange Transaction-Based Financial Statements

Abstract

Haji and Umrah travel business actors in Indonesia often conduct cross-border transactions involving foreign currencies (foreign exchange), such as US dollars and Saudi Riyal. This kind of transaction poses a risk of exchange rate differences that can affect the accuracy of financial statements. However, the understanding of exchange rate accounting among business actors is still limited. For this reason, the Community Partnership Program (PKM) held a practical training aimed at 70 members of AMPHURI East Java on April 28, 2025 in Sidoarjo. The training is carried out with an educational-participatory approach, including theory, case studies, and practice of recording foreign exchange transactions. The results of the evaluation showed a significant increase in participants' understanding, both from the results of the post-test and practical observations. This training succeeded in improving the participants' skills in preparing foreign exchange-based financial statements according to the PSAK 10 standard. This activity also produces training modules and transaction recording templates that are ready to be used in business operations.