Accounting and Small and Medium-Sized Enterprises: Case from the Members of the EX-Migrant Worker Cooperation Of Kulon Progoin Daerah Istimewa Yogyakarta Indonesia
Journal Title: International Journal of Accounting and Financial Management Research (IJAFMR) - Year 2017, Vol 7, Issue 5
Abstract
The objective of this research is, to explore accounting practice at small and medium-sized enterprises (SMEs). Migrant workers commonly built institution as cooperation, for Ex-Migrant Workers in Yogyakarta Indonesia. The members of cooperation have small business, such as palm sugars, food, etc. Some of their products will sell at area of cooperation. Commonly, they make business, such as buy raw materials, pay employee, and have some plant, property and equipment. Finished products will be sold to domestic market and international market, because they have good experience when they were migrant workers in foreign countries, such Singapore, Malaysia, U.S., Europe, and etc. based on our deep observation and interview, we find that, they do not like to make recording transaction and reporting economics events. They are very busy for their business and they need more time for their job, than for accounting. These are a reality in Indonesia. Commonly, SMEs in Indonesia do not have accounting. They always use their estimation. This is a challenge for implementation of Financial Accounting Standard for SMEs. It will start on January 1st, 2018.
Authors and Affiliations
Putu Sugiartha Sanjaya, Y. Hendrasuryadharma, Aloysius Gunadi Brata, Suryo Adi Pramana
Keywords
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