Preparation of Financial Statements Based on Financial Accounting Standards for Micro, Small and Medium Entities

Ardila, Isna; Zurriah, Rezki; Suryani, Yani

doi:10.32535/ijafap.v2i3.584

Cited by 9 publications

(10 citation statements)

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“…One of the requirements for applying for credit is a financial report prepare accoding to SAK EMKM. This opinion also supports opinion of previous research on MSME actors in North Sumatra (Ardila, 2019).…”

Section: Discussionsupporting

confidence: 90%

The Meaning of Financial Accounting Standards for Micro, Small and Medium Entities (SAK EMKM) During The Covid-19 Pandemic

Purwanti

Fatmawati

2021

EEA

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This study aims to explore the meaning of Financial Accounting Standard for MSMEs perspective of MSMEs actors at Covid-19 pandemic. The research was conducted on MSMEs in Batu City using 4 selected MSMEs as object and informant which representing the exhibition in Dubai 2020. Data collection method by interviewing those informants and analyzed using qualitative analysis methods. The results shows that SAK EMKM is various interpretations by MSMEs actors which some usefull and not. MSMEs actors interpret that SAK EMKM as the Helper God, as antique, as increase the workload. One of the MSMEs actors considers SAK MSME to be a God of Help during the economic crisis due to the Covid-19 pandemic because increasing demand and SAK EMKM helpful for provide financial statements with SAK EMKM as qualify banks require for additional loan for business capital. The other, think that SAK EMKM as Antiques in huge loss business condition. The last, SAK EMKM is considered to increase the workload. MSME actors only think about producing and marketing their products, so financial reporting just takes more time and workload. The difference perspective was caused by level of their educational background

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Section: Discussionsupporting

confidence: 90%

The Meaning of Financial Accounting Standards for Micro, Small and Medium Entities (SAK EMKM) During The Covid-19 Pandemic

Purwanti

Fatmawati

2021

EEA

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“…Because of the difficulties in implementing the Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP), most Indonesian MSME actors have not reported their financials in compliance with these standards. Due of the poor quality of MSME financial records, this problem arises (Ardila et al, 2019). As part of this effort, joint effort by government agencies and LKPP to support small businesses is encouraged so that small and medium-sized enterprises (MSME) may provide government procurement.…”

Section: Ecosystem Of the Digital Economymentioning

confidence: 99%

Strengthening Digital Capabilities and Entrepreneurship For SMEs in the Creative Economy Sector During a Pandemic

Cahyani¹,

Hidayat²,

Marcelino³

2023

Jupe

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An important aspect in the development of the local economy is MSMEs' ability to support productive human resources, allowing people to live their lives as a means of earning a living. Entrepreneurship is characterized by the ability to transform current resources into goods and selling points via the use of ingenuity. The Covid-19 pandemic sparked the growth of micro, small, and medium-sized businesses (MSMEs). The pandemic of Covid-19 has slowed most economic sectors, particularly MSMEs. Many MSME performers are unable to grow and end up in bankruptcy because of the overabundance. This is the reason why small and medium-sized businesses (SMEs) are embracing digitization initiatives. Using a marketplace (intermediary) and social media as a marketing strategy is the method of digitalization. Digital MSME players must also be able to collaborate with netizens in promoting their goods and services, as outlined in this article. Because of this, the digital MSME development strategy is a viable option to safeguard small businesses from the Covid-19 pandemic. This article uses a process known as a literature review to examine numerous works on the growth of digital small and medium-sized enterprises (SMEs). According to this article, amid the Covid-19 pandemic in Indonesia, the growth of digital MSMEs has emerged as a viable option for saving and establishing a digital enterprise.

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“…MSMEs have unique characteristics that are different from large businesses. One of the reasons why MSMEs are growing rapidly in Indonesia is because many entrepreneurs consider MSMEs to be easy to manage [6]. Byrd and Meggison [1] explain the characteristics of this type of small business are able to encourage innovation and business flexibility, are able to maintain good relations with customers and other small businesses, dare to make decisions, absorb a lot of labor and provide large jobs.…”

Section: Introductionmentioning

confidence: 99%

Implementation of the Accounting Bookkeeping System for MSMEs During the Covid 19 Pandemic

Sulastri¹,

Putri²,

Edwy³

et al. 2022

Advances in Economics, Business and Management Research

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The purpose of this study was to find out how the practice of financial accounting in MSMEs in East Java Province, especially during the Covid Pandemic. This research is qualitative research using a case study approach. The data used in this study are primary data and secondary data. Primary data is processed from interviews with MSME owners and secondary data is processed from literature studies. The data search is based on the use of the accounting bookkeeping system by MSME owners during the COVID-19 pandemic. The results obtained concluded that there was positive perception towards the application of financial accounting. Although MSME owners do not understand financial accounting principles perfectly, MSME owners try to apply accounting principles. MSME owners realize that accounting is one part of good corporate governance. By recording using an accounting bookkeeping system, owners can manage finances comprehensively. Financial accounting helps MSME owners to maintain business continuity, especially during the Covid-19 pandemic.

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Preparation of Financial Statements Based on Financial Accounting Standards for Micro, Small and Medium Entities

Cited by 9 publications

References 0 publications

The Meaning of Financial Accounting Standards for Micro, Small and Medium Entities (SAK EMKM) During The Covid-19 Pandemic

The Meaning of Financial Accounting Standards for Micro, Small and Medium Entities (SAK EMKM) During The Covid-19 Pandemic

Strengthening Digital Capabilities and Entrepreneurship For SMEs in the Creative Economy Sector During a Pandemic

Implementation of the Accounting Bookkeeping System for MSMEs During the Covid 19 Pandemic

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