Determinasi: Jurnal Penelitian Ekonomi Manajemen dan Akuntansi
Vol. 2 No. 1 (2024)

THE IMPORTANCE OF UNDERSTANDING AND APPLYING ACCOUNTING SCIENCE TO BUSINESS QUALITY FOR MSME ACTORS

Wardhani, Widia Pangesti Cahya (Unknown)
Adelia S.W. Ramadhan (Unknown)
Arzheti Z. Lubna (Unknown)
Amanda N.A. Safitri (Unknown)
Ivana Cahyaningrum (Unknown)



Article Info

Publish Date
19 Feb 2024

Abstract

Understanding and applying accounting knowledge has a crucial role in improving business quality for Micro, Small and Medium Enterprises (MSMEs). This research aims to analyze the impact of understanding and doctrine of accounting science on the business quality of MSME actors. This research method involves surveys and data analysis from a number of MSME actors who apply accounting principles in their financial management. The application of accounting science in daily practice helps MSME actors in identifying areas of improvement, mitigating financial risks, and increasing operational efficiency. Additionally, a deep understanding of finance provides a solid foundation for strategic decision making, including capital management, business expansion, and appropriate market targeting. Thus, this research concludes that understanding and applying accounting knowledge has a strategic role in improving the quality of MSME businesses. Efforts to improve financial literacy and provide appropriate support can make a positive contribution to strengthening the MSME sector and driving overall economic growth.

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Journal Info

Abbrev

determinasi

Publisher

Subject

Economics, Econometrics & Finance

Description

Determinasi: Jurnal Penelitian Ekonomi Manajemen dan Akuntansi publishes high quality research papers in all areas of economic and business, and in closely related fields of economics. The Journal is interested in both theoretical and applied research with an emphasis on topics in management, ...