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All Journal Abdimas: Jurnal Pengabdian Masyarakat Universitas Merdeka Malang
Muchtar Muchtar
Department of Management, Sekolah Tinggi Ilmu Ekonomi Ciputra Makassar
Humanities

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Optimizing the performance of MSMEs through financial reporting training St Salmah Sharon; Muchtar Muchtar; Elia Ardyan; Adindah Novihartina Jafar; Yuyun Karystin Meilisa Suade; Novika Ayu Triany
Abdimas: Jurnal Pengabdian Masyarakat Universitas Merdeka Malang Vol 9, No 1 (2024): February 2024
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/abdimas.v9i1.11029

Abstract

The Moncongloe District is an environment that is rich in potential with many Micro, Small, and Medium Enterprises (MSMEs). Business owners in this sector face challenges in managing business finances effectively. Limited financial knowledge is due to the fact that MSMEs do not have a financial background or formal education in this field. This makes it difficult for MSMEs to understand the terms and concepts used in financial reports. This community empowerment program aims to make a positive contribution to business development in Moncongloe District, particularly in recording business finances. The implementation method is through workshops, discussions, questions and answers, and evaluations to provide an understanding of the importance of financial reports for MSMEs. The results of the community empowerment program show that workshop participants experienced an in-depth increase in knowledge about the importance of financial reports which can improve business performance for MSME entrepreneurs and Village-Owned Enterprises (BUMDES) in Moncongloe District, Maros Regency. In addition, participants succeeded in understanding the tools for starting a business, namely the Business Model Canvas, and making simple financial records that can help community empowerment partners in developing more structured and innovative MSME businesses.
Co-Authors Adindah Novihartina Jafar Elia Ardyan Novika Ayu Triany St Salmah Sharon Yuyun Karystin Meilisa Suade