<p>Until now, the income statement is still one of the requirements that must be fulfilled by the reporting of non-Islamic entities and entities sharia in Indonesia. So the sharia entity itself has not been able to do the application Reports added value. Yet this is absolutely well done because it is in accordance with Islamic law, namely the principles of truth and honesty, fairness and the principle of accountability. However, in the absence of standards set and required him, then the application of the value added has not been uncommon reports carried out in Indonesia. This study used a qualitative approach with descriptive analysis and use literature as a method of data collection. The study concluded that the many advantages if the application of value-added reports can be suggested as a replacement for the income statement sharia entity. Reports added value not only focused on profit / loss just like those expressed by the statement of comprehensive income. The report added value is a form that is more fair report which included reported the contribution of each party involved in the process of creating additional value instead of just simply contribution of capital owners. Contributions of employees, owners, lenders / bankers, government report shows. Conventional reporting in some countries do not include reporting of value added (value added reporting) but expressed in the statement of financial position, financial performance and the company's financial treatment.</p><p> </p><p>Keywords: Financial Reporting, Islamic Financial Institutions, Comprehensive Income Statement, Sharia Value Added Statement</p>