Penerapan Penyusunan Laporan Keuangan Sesuai SAK EMKM Guna Menunjang Peningkatan Kualitas Informasi Akuntansi (Studi Kasus UMKM UD Maju Jaya)

Abstract

Unfortunately, there are still many Micro, Small, and Medium Enterprises owners who haven’t understood about the importance of preparing financial reports. Good financial reports can improve the quality of accounting information. Special MSMEs financial reports have been released by the Indonesian Institute of Accountants under the name of Micro, Small and Medium Entity Financial Accounting Standards which consists of a Profit and Loss Report, a Statement of Financial Position, and Notes to Financial Statements.

This research was conducted at the Tofu Factory of UD Maju Jaya MSMEs which is located in Kedungboto, Taman, Sidoarjo. Qualitative descriptive method was used in this research. The result of this study shows that UD Maju Jaya's financial report is not accordance with SAK EMKM. It happens due to its owner and manager's limited knowledge regarding SAK EMKM. Hence, UD Maju Jaya just records their financial reports only include sales records and cash out records. If UD Maju Jaya has implemented financial reports that are in accordance with SAK EMKM as suggested by the author with appropriate steps, there will be an increase in the quality of accounting information. At the end, it will be easier for all parties to assess the entity's financial condition.