Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)


Accounting Standards: The Lessons From Small And Medium Enterprises

Author(s): Nuramalia Hasanah, Ratna Anggraini, Unggul Purwohedi

Financial accounting standards non-public accountability (SAK ETAP) is a standard created to improve the quality of SMEs financial statements in generating accounting information. Accounting information can help SMEs in making important decisions, identify business development, and manage finances so as to achieve more success. However, many SMEs have not been able to make a proper financial report in accordance with applicable standards. This study aims to determine the implementation of SAK ETAP in the SMEs sector. This study used primary data from questionnaires which distributed to owners of SMEs in the Ciomas, Bogor. The research sample consists of 113 owners. The research is quantitative research using simpe desciptive analysis which to know the perception of business owners in SMEs sector about: accounting recording, financial reporting routine, constraint in accounting recording and how to increase accounting knowledge for SMEs by descriptive method. This study analyzed the data obtained to find out more about the implementation of SAK ETAP in SMEs. This study found that SMEs business people agree that the implementation of SAK ETAP will be easy and beneficial for their business. Training will be able to skillfully record these transactions and be adjust to their needs.

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