Analysis of the Implementation of Financial Statement Presentation Based on Financial Accounting Standards for Entities without Public Accountability at Pt Aurindo Jaya Perkasa Jakarta

Dewi Rejeki

doi:10.47191/jefms/v4-i6-10

Abstract

The purpose of this study is to analyze the implementation of the presentation of PT Aurindo Jaya Perkasa's financial statements based on the Financial Accounting Standards for Entities without Public Accountability. The type of data in this study is in the form of company profiles and financial reports consisting of income statements and balance sheets for 2016. Data collection methods used are interviews and observation methods. The data analysis method used is the descriptive qualitative analysis method. The results obtained are: (1) The financial statements of PT Aurindo Jaya Perkasa are not following the Financial Accounting Standards for Entities without Public Accountability, because in the financial statements of PT Aurindo Jaya Perkasa, there are only profit and loss statements and balance sheets, while the complete financial statements are following accounting standards. Entity finances without public accountability include income statements, changes in equity, statements of financial position, cash flow statements and notes to financial statements. (2) Finance Division of PT. Aurobindo Jaya Perkasa still does not understand the preparation of financial reports following the Financial Accounting Standards for Entities without Public Accountability, both regarding the types of financial information and the items that must be presented in the financial statements.

Highlights

Businesses, especially Micro, Small, and Medium Enterprises (MSMEs), play an essential role in economic growth in Indonesia
Aurobindo Jaya Perkasa still does not understand the preparation of financial reports following the Financial Accounting Standards for Entities without Public Accountability, both regarding the types of financial information and the items that must be presented in the financial statements
The data in question are in the form of company profiles, balance sheet format and income statement for the 2016 period and data from interviews with parties related to PT

Summary

Introduction

Businesses, especially Micro, Small, and Medium Enterprises (MSMEs), play an essential role in economic growth in Indonesia. MSMEs can create jobs and absorb labor and make essential contributions in export and trade These MSMEs are proven to be able to encourage and sustainably increase national economic growth. By looking at the vital role of MSMEs, support from all parties is needed to develop and realize MSMEs to be more advanced, independent and modern, including concerning access to funding to the banking sector. Related to this access to funding, MSMEs often have several obstacles or problems, such as low education, lack of understanding of information technology and barriers in preparing financial reports. This is because MSME actors do not use applicable standards in preparing financial reports

Objectives

Methods

Conclusion