Journal of Applied Sciences in Accounting, Finance, and Tax
Vol. 5 No. 2 (2022): October - 2022

Analysis of Implementation of Financial Accounting Standards for Micro, Small and Medium Entities in the Preparation of Financial Statements in MSME Ernov Bali

Ni Luh Sri Utami Baktika (Politeknik Negeri Bali)
I Made Dana Saputra (Politeknik Negeri Bali)
I Ketut Suwintana (Politeknik Negeri Bali)

Article Info

Publish Date
31 Oct 2022

Abstract

SAK EMKM is a Financial Accounting Standard for Micro, Small and Medium Entities which is made simpler than SAK ETAP. There are 3 financial statements that must be prepared by MSMEs, including statements of financial position, profit and loss, and notes to financial statements. This research uses descriptive qualitative method. This research was conducted for 6 months covering preparation to implementation. The research subjects are owners and employees of MSME Ernov Bali and the object of research is the financial report of MSME Ernov Bali in 2021. Data collection techniques are carried out by interview and documentation. The results showed that MSME Ernov Bali had not fully prepared financial statements in accordance with SAK EMKM. Therefore, it is recommended that MSME Ernov Bali improve its financial statements to make it easier to prepare financial reports.

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Journal Info
Journal of Applied Sciences in Accounting, Finance, and Tax
Website

Abbrev

JASAFINT

Publisher

Politeknik Negeri Bali

Subject

Economics, Econometrics & Finance

Description

Journal of Applied Sciences in Accounting, Finance, and Tax is a forum provided for researchers, both from universities, practitioners and the industrial world. The publication is a result of research, studies or ideas on Accounting, Finance, and Tax. JASAFINT is published with a focus and scope on ...