Micro, Small and Medium Enterprises' Understanding in Preparing Financial Statements Based on SAK ETAP

Wisnu Mawardi, Nenik Woyanti, Lala Iriviana and Darwanto Darwanto
Additional contact information
Wisnu Mawardi: Faculty of Economics and Business, University of Diponegoro, Jl. H. Prof. Soedarto, SH., Tembalang, Semarang, Indonesia.
Nenik Woyanti: Faculty of Economics and Business, University of Diponegoro, Jl. H. Prof. Soedarto, SH., Tembalang, Semarang, Indonesia.
Lala Iriviana: Faculty of Economics and Business, University of Diponegoro, Jl. H. Prof. Soedarto, SH., Tembalang, Semarang, Indonesia.
Darwanto Darwanto: Faculty of Economics and Business, University of Diponegoro, Jl. H. Prof. Soedarto, SH., Tembalang, Semarang, Indonesia.

International Journal of Economics and Financial Issues, 2019, vol. 9, issue 6, 177-183

Abstract: Micro, small and medium enterprises (MSMEs) sector in Indonesia plays an important role in developing the economic growth, but it still has some problems. One of the problems faced by MSMEs sector is the preparation of financial reports that are in accordance with the standards for preparing financial statements, namely SAK ETAP (Financial Accounting Standards for Entities without Public Accountability). MSMEs uses financial statement as a reference in efforts to develop MSMEs. The purpose of this study is to analyze and determine the influence of information and socialization, education levels, scale of business, and the company's age on MSMEs' understanding in preparing financial statements based on SAK ETAP. The sample of this study is owners of MSMEs in Semarang. The method of determining the sample uses a random sampling method (the research sample was 50 respondents). Data are analyzed using logistic regression analysis. The results show that the provision of information and socialization, business scale, and education level have a significant influence on the understanding of MSMEs in preparing financial statements based on SAK ETAP, while the company's age does not affect the understanding of MSMEs in preparing financial statements based on SAK ETAP.

Keywords: MSMEs; financial reports; SAK ETAP; logistic regression (search for similar items in EconPapers)
JEL-codes: A1 C01 M41 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/8748/pdf (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/8748/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2019-06-22

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().