<![CDATA[This study analyzes the compliance of financial statements prepared by CV. ABCD, a stone trading company, with the Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP), examined from the aspects of recognition, measurement, presentation, and disclosure, and describes the company's financial statement preparation cycle. A descriptive-comparative qualitative approach was used, with CV. ABCD's 2023–2024 financial statement documents as primary data, analyzed through documentation and comparison against SAK ETAP provisions. Results show that CV. ABCD has completely presented all required components of the financial statements, and that its measurement of fixed assets and inventories, as well as its presentation of cash flows using the indirect method, comply with SAK ETAP. However, five material non-compliances were identified: unrecognized income tax expense, unrecognized post-employment benefit obligations, inconsistent equity balances between periods, inadequate disclosure of unnotarized additional capital, and an untraceable note reference for the prepaid tax account. The preparation of CV. ABCD's financial statements is therefore not yet fully compliant with SAK ETAP, particularly in recognition and disclosure, and improvements in these areas are needed to produce more reliable, transparent, and comparable financial statements.]]>
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