ANALYSIS OF THE APPLICATION OF FINANCIAL ACCOUNTING STANDARDS FOR MICRO, SMALL AND MEDIUM ENTITIES (SAK-EMKM) IN THE PREPARATION OF FINANCIAL STATEMENTS IN BUSINESS MABEL LIA PERABOT

Ayu Sufi Lestari (Sekolah Tinggi Ilmu Manajemen Sukma Medan)
Vidya Fathimah (Sekolah Tinggi Ilmu Manajemen Sukma Medan)

Jurnal Ekonomi
Vol. 12 No. 01 (2023): Jurnal Ekonomi, 2023 Periode Januari - Maret

The purpose of this research is how is the analysis of the application financial accounting standads for micro, small and medium entities (Sak-emkm) in the preparation of financial statemens for the mabel lia furniture business. The research was conducted using a qualitative method that leads to the description and application of SAK-EMKM based financial records by conducting interviews and talking financial reports to be processed to comply with SAK-EMKM. The results of the study show is Mabel Lia Perabot business does not apply SAK-EMKM in preparing its financial statements, the owner considers that the recording is clear and effective, constraints faced by these UMKM lack of owner knowledge about SAK-EMKM, there is no professional accounting staff, and owners do not understand the importance of recording and preparing reports.