Abdimas: Jurnal Pengabdian Masyarakat Universitas Merdeka Malang
Vol. 9 No. 1 (2024): February 2024

Optimizing the performance of MSMEs through financial reporting training

St Salmah Sharon (Department of Management, Sekolah Tinggi Ilmu Ekonomi Ciputra Makassar)
Muchtar Muchtar (Department of Management, Sekolah Tinggi Ilmu Ekonomi Ciputra Makassar)
Elia Ardyan (Department of Management, Sekolah Tinggi Ilmu Ekonomi Ciputra Makassar)
Adindah Novihartina Jafar (Department of Management, Sekolah Tinggi Ilmu Ekonomi Ciputra Makassar)
Yuyun Karystin Meilisa Suade (Department of Management, Sekolah Tinggi Ilmu Ekonomi Ciputra Makassar)
Novika Ayu Triany (Department of Management, Sekolah Tinggi Ilmu Ekonomi Ciputra Makassar)



Article Info

Publish Date
28 Feb 2024

Abstract

The Moncongloe District is an environment that is rich in potential with many Micro, Small, and Medium Enterprises (MSMEs). Business owners in this sector face challenges in managing business finances effectively. Limited financial knowledge is due to the fact that MSMEs do not have a financial background or formal education in this field. This makes it difficult for MSMEs to understand the terms and concepts used in financial reports. This community empowerment program aims to make a positive contribution to business development in Moncongloe District, particularly in recording business finances. The implementation method is through workshops, discussions, questions and answers, and evaluations to provide an understanding of the importance of financial reports for MSMEs. The results of the community empowerment program show that workshop participants experienced an in-depth increase in knowledge about the importance of financial reports which can improve business performance for MSME entrepreneurs and Village-Owned Enterprises (BUMDES) in Moncongloe District, Maros Regency. In addition, participants succeeded in understanding the tools for starting a business, namely the Business Model Canvas, and making simple financial records that can help community empowerment partners in developing more structured and innovative MSME businesses.

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Journal Info

Abbrev

jpkm

Publisher

Subject

Humanities

Description

ABDIMAS: Published by Institute for Research and Community Services (Lembaga Penelitian dan Pengabdian kepada Masyarakat (LPPM)) University of Merdeka Malang as the implementation of science, technology, economics, environment, and social in empowering the community. ABDIMAS: Jurnal Pengabdian ...