MSME Perception in Preparing Financial Reports According to Indonesian SAK for MSMEs

ABSTRACTThe Indonesian Financial Accounting Standards for EMKN (Micro, Small, and Medium Entities) are the basis for preparing financial statements set by the Indonesian Institute of Certified Public Accountants. Financial statements are compiled to provide information on the financial position and performance of the entity so that users can make decisions. He also showed management accountability for the resources recorded to him. However, in practice, many MSMEs still need to learn about it. We use a narrative qualitative method to describe the reality of the implementation of SAK and its implications in the company: data collection techniques and in-depth interviews on MSMEs engaged in the culinary sector. The informants involved are the owner, manager, and accountant. The urgency of this study is that the role of MSMEs in driving the economy is very significant. However, financing still needs to be improved due to the unavailability of financial report data (Nida, 2024). This study will provide an overview of MSMEs' perspectives on preparing financial statements under Indonesian SAK for MSMEs.