Accounting Application for Small and Medium Enterprises and Compatibility with EMKM Standards: A Case Study in Jakarta, Indonesia (original) (raw)
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Purpose of the study: Indonesian taxation regulations are forcing MSMEs to apply Indonesian Accounting Standards for Micro, Small and Medium Entities/Standar Akuntansi Keuangan untuk Entitas Mikro, Kecil, dan Menengah (SAK EMKM), according to their particular conditions. The application is confusing for MSMEs. This problem is what drives this research, aiming to define the relationship between MSMEs’ conditions and how they perceive SAK EMKM. Methodology: There were 70 MSMEs in Indonesia participated in this research by filling out questionnaires. However, only 66 MSMEs guided questionnaires returned that we could process. We analyzed using linear regression and SPSS 23. The research indicators are built based on the factors that influence each variable, as already stated in the literature review. Main Findings: These results from data processing indicate that the MSMEs' conditions have a very positive effect on respondents' perceptions of SAK EMKM. Statistically, we can get...
Journal of Islamic Economic Perspectives, 2023
This study aims to investigate the application of micro and small business financial reports. The approach taken in this research uses using descriptive qualitative method. Qualitative data through semi-structured interviews were collected from 27 main subjects, namely micro and small businesses. The interview lasted between 45 and 60 minutes, in addition to using observation and documentation techniques to investigate further the role of micro and small business reports as corroborating other forms of evidence. At the same time, the data validation technique uses source triangulation techniques for analysis of data collection, reduction, display and verification. The findings of the results of the investigation of the micro and small business financial reports show that micro and small businesses still need to be more optimal in implementing financial reports following the procedures for Micro, Small and Medium Entity Financial Accounting Standards (SAK EMKM). This is evidenced by 27 micro and small business subjects. Only two small business people were interviewed intensively and implemented the management of recording initial financial reporting activities, namely collecting transaction evidence; 25 other micro and small businesses did not record financial reports. This study contributes to the investigation of the application of micro and small business financial reports in the field by exploring the factors that cause the non-application of financial reports according to the Micro, Small and Medium Entity Financial Accounting Standards (SAK EMKM).
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The rapid growth of MSMEs in Indonesia needs to be supported by other facilities, such as marketing and production training, including training in making good and correct financial reports. This financial report can assist MSME actors in their operational activities, such as obtaining credit and as a performance evaluation. Based on a survey conducted by the Central Bureau of Statistics in 2018, around 28% of SMEs have difficulty obtaining financing from financial institutions due to a lack of ability to compile financial statements due to a lack of knowledge of accounting information, resulting in difficulty for MSMEs to obtain financing or credit at banks. This study aims to analyze further what factors can influence MSME actors to interest and be able to implement FAS. This research is a type of survey research with a quantitative approach. The data collection instrument used a questionnaire with a Likert scale of 1 to 5, distributed to MSME actors in the Gading Serpong area, Tangerang. The data analysis technique that will be used is path analysis to determine the coefficient values of the exogenous and endogenous variables using the help of SEM-PLS software. The results showed that motivation, socialization, and significant positive influence directly or indirectly through understanding FAS.