Implementation of Financial Accounting Standards for Micro, Small and Medium Entities as the Basis for Preparing MSME Reports at Kopico Manado

doi:10.55927/fjas.v4i2.4

Paper

Implementation of Financial Accounting Standards for Micro, Small and Medium Entities as the Basis for Preparing MSME Reports at Kopico Manado

Published Feb 14, 2025 · Mikhaella Louisa Rompas, Inggriani Elim, M. Kalalo

Formosa Journal of Applied Sciences

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Abstract

SAK EMKM is a separate financial accounting standard designed for qualified entities that do not have significant public accountability, as described in SAK ETAP and defined by the criteria set out in Law No. 20 of 2008 concerning Micro, Small and Medium Enterprises (MSMEs). This study aims to assess the application of MSME financial statements in accordance with SAK EMKM at Kopico Manado. Therefore, the financial statements must be prepared in accordance with the provisions stipulated in SAK EMKM. This research uses descriptive methodology with a qualitative approach, using data collected through observation, interviews, and documentation. The results showed that the company has not fully implemented the methods set by SAK EMKM. In addition, the financial statements currently used by the business are still imperfect, with many items or components that have not been recorded.

Study Snapshot

Kopico Manado has not fully implemented SAK EMKM financial accounting standards, leading to imperfect financial statements and incomplete data recording.

PopulationOlder adults (50-71 years)

Sample size24

MethodsObservational

OutcomesBody Mass Index projections

ResultsSocial networks mitigate obesity in older groups.

Implementation of Financial Accounting Standards for Micro, Small and Medium Entities as the Basis for Preparing MSME Reports at Kopico Manado

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