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Wahyuni
Accounting Study Program, Muhammadiyah University of Makassar, Indonesia
Agriculture, Biological Sciences & Forestry Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

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Field Observation-Based Inventory Audit Assistance for MSME Aura Parfum to Improve Inventory Information Accuracy and Internal Control Quality Wahyuni; Reni Handayani.S; Nirwhana Yuliana Ahmad; Syahra Darajat Salsabila; Fakhirah Naila Zalianty
Masterpiece Vol. 2 No. 1 (2026): February 2026
Publisher : www.amertainstitute.com

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65246/mjssi.v21.558

Abstract

Inventory management is a crucial aspect of maintaining operational smoothness and enhancing internal control quality for Micro, Small, and Medium Enterprises (MSMEs). However, many MSMEs still face challenges in inventory recording, resulting in information that is not entirely accurate. This Community Service activity aimed to provide guidance on a field-observation-based inventory audit for Aura Parfum to evaluate the accuracy of inventory information and the quality of internal controls. The methods employed included internal control interviews, physical warehouse observation using a checklist, and a physical stock count (stock opname) of fourteen perfume essence samples. Data were analyzed descriptively to identify the alignment between inventory records and actual physical conditions. The results indicated that Aura Parfum had effectively implemented physical inventory controls through the segregation of storage areas, raw material labeling, temperature control, and restricted warehouse access. Nevertheless, the inventory recording system remained manual and periodic, leading to discrepancies found in three types of perfume essences during the physical stock count. These findings suggest that the discrepancies were caused more by delays in recording than by actual inventory loss. The activity resulted in recommendations to implement a perpetual inventory recording system, conduct regular physical stock counts, separate the recording of online and offline sales transactions, and establish a mechanism for monitoring supplier payments. Implementing these recommendations is expected to improve inventory information accuracy and strengthen the MSME's internal control system.
Evaluation of Long-Term Liabilities at MSME Mooka Kopi and Their Impact on Financial Performance Wahyuni; Amelia Rezki Septiani Amin; Suci Awaliyah; Suci Ramadhani; Muhammad Akshah Halik; Muh. Alfai
Masterpiece Vol. 2 No. 1 (2026): February 2026
Publisher : www.amertainstitute.com

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65246/mjssi.v21.559

Abstract

Micro, Small, and Medium Enterprises (MSMEs) frequently rely on long-term liabilities to finance business expansion; however, inadequate financial literacy and weak debt management often reduce financial performance and increase solvency risk. This community service project aimed to evaluate the management of long-term liabilities at Mooka Kopi MSME in Makassar, Indonesia, and to strengthen the owner's capacity to assess their impact on financial performance through structured accounting practices. The program employed a participatory assistance approach involving field observations, interviews, financial document reviews, debt classification, amortization simulations, journal preparation, and solvency ratio analysis based on the Indonesian Financial Accounting Standards for Private Entities (SAK EP). The evaluation focused on long-term notes payable and mortgage financing used to support business expansion. The findings indicate that systematic debt evaluation improved the accuracy of liability recording and enhanced the owner's understanding of interest allocation, principal repayment, and financial statement preparation. Solvency analysis revealed a Debt-to-Asset Ratio of 41.82%, a Debt-to-Equity Ratio of 71.87%, and a Long-Term Debt-to-Equity Ratio of 60.18%, suggesting that the enterprise maintained a relatively healthy capital structure despite utilizing external financing. Furthermore, the assistance program improved financial decision-making by enabling the business owner to monitor repayment obligations and assess the sustainability of future investments. This initiative demonstrates that practical accounting assistance combined with financial ratio analysis can strengthen financial governance, improve transparency, and enhance the long-term sustainability of MSMEs by promoting informed debt management and evidence-based business decisions.
The Effect of Fixed Asset Turnover on Return on Assets in Food and Beverage Sub-sector Companies Listed on the Indonesia Stock Exchange (2021–2024) Wahyuni; Nur Syaqila; Fakhirah Naila Zalianty; Reni Handayani S; Nirwhana Yuliana Ahmad
Masterpiece Vol. 2 No. 1 (2026): February 2026
Publisher : www.amertainstitute.com

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65246/mjssi.v21.564

Abstract

This study examines the effect of Fixed Asset Turnover (FATO) on Return on Assets (ROA) among food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) during 2021–2024. The study is motivated by inconsistent empirical findings regarding the relationship between fixed asset efficiency and corporate profitability, particularly in the food and beverage industry. A quantitative associative research design was employed using secondary data obtained from annual financial reports published by the IDX and company websites. The sample was determined using purposive sampling, resulting in eight food and beverage companies with four years of observations, yielding 32 firm-year observations. Data were analyzed using descriptive statistics, classical assumption tests, simple linear regression, t-test, F-test, and the coefficient of determination (R²) with SPSS. The results indicate that FATO has a positive but statistically insignificant effect on ROA. The regression coefficient of FATO was 0.001, with a t-value of 1.138 and a significance level of 0.264, exceeding the 0.05 threshold. Furthermore, the R² value of 0.041 indicates that FATO explains only 4.1% of the variation in ROA, while the remaining 95.9% is attributable to other factors outside the research model. These findings suggest that fixed asset utilization alone is insufficient to explain profitability in the food and beverage sub-sector. Companies should therefore strengthen broader operational efficiency, cost control, pricing strategies, and asset management to improve profitability.
Analysis of Fixed Asset Calculation and Management within the Acquisition and Payment Cycle at Kevz Cell Wahyuni; Aynil Putri; Nurhalisa; Mirnawati; Nurtisatul Mukarramah
Masterpiece Vol. 2 No. 1 (2026): February 2026
Publisher : www.amertainstitute.com

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65246/mjssi.v21.566

Abstract

Fixed asset management is an important component of financial reporting for micro and small enterprises, yet systematic recognition, documentation, and depreciation practices remain limited in many businesses. This study aims to analyze the acquisition and payment cycle of fixed assets at Kevz Cell and evaluate its asset management practices against PSAK 16, SAK EMKM, and PMK No. 96/PMK.03/2009. A descriptive qualitative approach was employed, using interviews, observation, and documentation as the primary data collection techniques. The data were analyzed through data reduction, data presentation, and conclusion verification, supported by source and theoretical triangulation. The findings reveal that fixed asset acquisitions at Kevz Cell are conducted through cash payments following price surveys and negotiations; however, purchase receipts are not systematically retained. Consequently, the assets are currently valued based on the owner's subjective estimates rather than verifiable historical acquisition costs. The study also finds that depreciation has never been formally recognized, resulting in an overstatement of reported operating profit. A straight-line depreciation simulation indicates that the estimated accumulated depreciation through 2026 would amount to IDR 101.15 million, reducing the estimated carrying amount of depreciable fixed assets to IDR 120 million. For 2026, the appropriate depreciation expense is estimated at IDR 10.05 million, primarily attributable to the building and fan. These findings demonstrate a substantial gap between current practices and applicable accounting standards. Strengthening transaction documentation, fixed asset registers, and systematic depreciation procedures is therefore essential to improve financial information reliability and support more informed business decisions.
Co-Authors Amelia Rezki Septiani Amin Aynil Putri Fakhirah Naila Zalianty Mirnawati Muh. Alfai Muhammad Akshah Halik Nirwhana Yuliana Ahmad Nur Syaqila Nurhalisa Nurtisatul Mukarramah Reni Handayani S Reni Handayani.S Suci Awaliyah Suci Ramadhani Syahra Darajat Salsabila