This research objectives are to identify and evaluate Regional General Hospital (RSUD) Panembahan Senopati Bantul ’s financial statement based on financial accounting standards No. 45 (PSAK No. 45) about financial statement of non profit organization and Government Accounting Standards (SAP). Method used in this research is descriptive with qualitative approacment. The resources used data comes from a primary data obtained directly of financial unit by interview and observation, with supported of the secondary data in the from of its financial statement in the period of 2015. The result of the research shows that the financial statement of RSUD Panembahan Senopati Bantul refers to the Government Accounting Standards (SAP), however this hospital has not prepare the budget balance up statement and cash flow statement yet. Financial Accounting Standards No. 45 (PSAK No. 45) can not be implemented overall in the financial statement of RSUD Panembahan Senopati Bantul.