Study on the Utilization of Palm Fiber Waste and How to Implement Accounting Recording Treatment: Literature on Industry in Indonesia

The aim of this research is to find out, study and analyze how to study the utilization and accounting treatment of remaining raw materials or waste from palm oil production activities in the form of fibers in companies in Indonesia. The design and type of this research can be categorized into qualitative research with a descriptive analysis method approach through a series of data analysis tests carried out. The results of this research show that in general the utilization and accounting treatment of palm oil waste in the form of fibers has been used for various alternative uses such as glass fiber raw materials, pulp making materials, alternative plant media, boiler fuel and steam power plants which have been implemented at the company. Palm oil in Indonesia, the accounting aspect of treatment is recognized as part of non-business income (other income) which is presented in the company’s profit and loss statement. Apart from that, the use of remaining fiber raw materials from palm oil waste can also be recognized as a reduction in raw material costs and factory overhead for the company. Based on this, it is hoped that the impact of this research will be to provide information about various alternatives that can be used as a form of utilizing palm oil fiber waste into something useful and valuable for industry or companies in Indonesia.