Implementation of SAK EMKM in Improving Financial Statement Accountability: A Case Study of CV Alaric Jaya

Abstract

Economic development in Indonesia has a close relationship with the development of Micro, Small, and Medium Enterprises (MSMEs). MSMEs play a key role in Indonesia's economic structure and have a significant impact on economic growth, job creation, and community empowerment. One of the problems faced by MSMEs is the inability of many business actors to prepare financial statements according to applicable accounting standards. This is often caused by a lack of understanding of accounting, especially the application of the Financial Accounting Standards for Micro, Small and Medium Entities (SAK EMKM) which is designed to assist MSMEs in preparing financial reports in a simple but still accurate and in accordance with the rules. This study aims to analyze the application of SAK EMKM in CV Alaric Jaya, an MSME that has not yet implemented this standard. Through a qualitative approach with a case study method, data was collected through in-depth interviews with business owners as well as analysis of financial statements. The results showed that CV Alaric Jaya initially used a single entry system and had not yet implemented SAK EMKM. After education and assistance, CV Alaric Jaya began to implement SAK EMKM, which had a positive impact on increasing the transparency and accountability of financial statements. The main obstacles faced are the lack of understanding of business owners regarding accounting standards and the limited human resources who are experts in accounting. This research is expected to be a reference for other MSMEs in implementing SAK EMKM and as an evaluation for the government in improving education related to accounting standards.