Readiness to Apply MSMEs Financial Accounting Standards in the Preparation of Financial Reports in UD. Sari Rama Bakery
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 10
Abstract
The study aims to determine the application of SAK EMKM in the preparation of financial reports UD. Sari Rama Bakery. Methods of data collection in this study using interviews, observation and documentation. The analytical method used in this research is descriptive analysis method. The results of this study indicate that UD. Sari Rama Bakery has not recorded its business financial statements in accordance with SAK EMKM because the recording of financial reports is not in accordance with SAK EMKM guidelines but only records incoming and outgoing cash. This is because UD. Sari Rama Bakery does not meet the elements of preparing financial statements according to SAK EMKM including statements of financial position, profit and loss statements, and Notes to Financial Statements. This shows that UD. Sari Rama Bakery has not been able to measure the level of the company's financial performance and has not been able to determine business development. This study contributes for SMEs to describe in more detailed and in-depth, considering that this research focuses on quality and the results of the research can describe the reality view of other SMEs on what has been experienced at the research site. The results of this research provide insight into the reality of implementing SAK EMKM and show that the importance of knowledge for MSME actors to prepare financial reports in accordance with SAK EMKM. The limitation of this research is that UD. Sari Rama Bakery does not keep financial records in accordance with SAK EMKM, but only records incoming and outgoing cash.
Authors and Affiliations
Erwin Hadisantoso, Sulvariany Tamburaka, Ishak Awaluddin, Fitria Rahmadani
Keywords
Related Articles
- EP ID EP727583
- DOI 10.47191/jefms/v6-i10-01
- Views 33
- Downloads 0
Administrative Governance and its Role in Institutional Excellence Case Study - King Khalid University of Saudi Arabia
The study aimed to identify the reality of administrative governance and its role in achieving institutional excellence from the point of view of the teaching staff and employees at the Applied College for King Khalid Un...
Analysis of the Effect of Food Quality, Price, Location and Environment, and Service Quality on Customer Loyalty through Customer Satisfaction of Burger King Customers in Surabaya during the Pandemic
Community needs in the food industry have decreased due to the COVID-19 pandemic. . This can be seen from the economic growth in the second quarter of 2020 which decreased by minus 5.32 percent. Restaurant companies that...
Exploring Alternative Behavioural Trajectories in Entrepreneurship Education in Universities
This Paper explored alternative behavioural trajectories navigable to address entrepreneurship education issues in Nigeria's public universities. Entrepreneurship education's current viability and capacity utilization ha...
Improvement of Craft Business: Business Learning and Market Orientation
Objectives - This study aims to test and prove empirically about: First, does business learning have a direct effect on market orientation? Second, whether business learning and market orientation have a direct effect on...
The Strange Case of Inventories In Italy. For The Tax Authorities, The Final Inventories of One Year Are The Opening Inventories of The Following Year. Still, The Opening Inventories of One Year Are Not The Final Inventories of The Previous Year. Mystery.......
The principle of continuity in financial reporting is a fundamental element in the preparation of financial reporting. The final amounts of a financial report are, by definition, the opening amounts of the following year...