Abstract
This study aims to determine the degree of interpretation of Micro, Small, and Medium Enterprises (MSMEs) compared to the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) and analyze its application. This information was obtained from a survey of 168 MSME respondents on Jalan Universität North Sumatra (doors 1–4). The findings of the study show that most MSMEs do not understand the SAK EMKM, with 90% of respondents not knowing the standards and 84 respondents answering "Very ununderstanding." This is mainly due to a lack of accounting literacy, the belief that financial records are inaccurate, and a lack of awareness of resources. The findings of the study show that substantial socialization and education are needed for MSMEs to help, make clear budget reports in accordance with standards, increase transparency, provide access to financial resources, and support regional economic growth
Published Version
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