Revealing the Readiness of MSMEs in Implementation SAK EMKM in the Industrial Era 4.0

I Wayan Karmana (), Ni Made Ayu Dwijayanti and Ketut Sinta Trisnadewi
Additional contact information
I Wayan Karmana: Politeknik Negeri Bali, Accounting Department
Ni Made Ayu Dwijayanti: Politeknik Negeri Bali, Accounting Department
Ketut Sinta Trisnadewi: Politeknik Negeri Bali, Accounting Department

A chapter in Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Social Applied Science 2024 (ICoSTAS-SAS 2024), 2024, pp 70-76 from Springer

Abstract: Abstract This research aims to explore the readiness of MSME Rose Madhani to implement the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) and the obstacles that arise in this process. This research uses a descriptive qualitative approach where the readiness of MSME Rose Madhani is assessed using 3 aspects, namely HR readiness, readiness of supporting facilities, and commitment of MSMEs. The results of the research show that MSME Rose Madhani is not ready to implement SAK EMKM. The low level of understanding of accounting is an obstacle from the HR aspect, the absence of applications based on SAK EMKM is an obstacle from the infrastructure side, and the perception of MSME owners that consistent financial recording is not important in managing MSMEs and is an aspect that causes low commitment to implementing SAK EMKM. MSME Rose Madhani also still adopts cash-based transactions, so this is not following the concept in SAK-EMKM which records on an accrual basis. SAK EMKM presents financial reports consisting of three components, namely the financial position report at the end of the period, the profit and loss report for the period and notes to the financial reports.

Keywords: Financial Report; MSMEs; SAK EMKM; UMKM (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:advbcp:978-94-6463-622-2_9

Ordering information: This item can be ordered from
http://www.springer.com/9789464636222

DOI: 10.2991/978-94-6463-622-2_9

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().