Financial Accounting Standards Research Articles

Penguatan Akuntabilitas Pengurus Koperasi Melalui Sosialisasi PERMENKOP Nomor 2 Tahun 2024 Di Koperasi Kabupaten Subang

This Community Service Program aims to improve accounting literacy among cooperative administrators in Subang Regency, especially in understanding the differences between the Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP) and the Financial Accounting Standards for Private Entities (SAK EP) as regulated in the Regulation of the Minister of Cooperatives and SMEs Number 2 of 2024. This Regulation requires the implementation of new accounting policies in cooperatives no later than early 2025 to avoid administrative sanctions. The methods used in this program include the preparation, implementation, and evaluation stages. Preparation includes selecting participating cooperatives, namely Dekopinda Subang member cooperatives, and creating training modules. The implementation stage involves socializing accounting policies to participants through a combination of theory and practice, followed by pre-tests and post-tests to assess improvements in accounting literacy. The results of this program show an increase in participants' understanding of the new accounting policies, which are expected to improve the accountability and financial performance of cooperatives in Subang Regency.

Determinants: implementation of SAK EMKM financial accounting standards for MSMEs

The implementation of Financial Accounting Standards for Micro, Small, and Medium Enterprises is very important as a basis for presenting reliable financial statements to gain public trust because the financial statements are written based on applicable accounting standards. The research population consisted of MSME players in Indonesia. The sample in this study was selected using purposive sampling technique. The research hypothesis was tested using SmartPLS 3.0 software with the Structural Equation Modeling Partial Least Squares (SEM-PLS) method. The results of the research showed that the use of information technology (IT), level of education, socialization of financial accounting standards for Micro, Small, and Medium Entity (SAK EMKM) and business age had no effect on the implementation of SAM EMKM, while accounting knowledge, the level of readiness of market participants, and taxpayer compliance were proven to have a positive effect on the implementation of SAK EMKM.

An Analysis Of The Recording And Assessment Methods Of Inventory At Carnova Variasi Kota Bengkulu

A better inventory system can increase profit, while a less efficient system can erode profit and make a business less competitive. The main benefit of inventory formation is to protect the company from unforeseen events and disruptions in business. The aim of this research is to analyze the recording and assessment methods of inventory at Carnova Variasi Kota Bengkulu. The recording and assessment methods of inventory, specifically for car seat covers, rice noodle carpets, and android head units at Carnova Variasi Kota Bengkulu over a 12-month period from May 2023 to April 2024, will be compared with the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) no.9 of 2018. Data collection was done through documentation and research analysis using comparative descriptive analysis. The results were in line with the recording method recommended by SAK EMKM regarding inventory. This is because Carnova Variasi Kota Bengkulu recorded inventory at the time of purchase and sale into detailed purchase and sales reports leading to a perpetual recording method system. Additionally, Carnova Variasi Kota Bengkulu used stock cards as a means of controlling its inventory. However, there are still some discrepancies such as not journalizing at the time of purchase and sale. The inventory assessment system implemented by Carnova Variasi Kota Bengkulu is the weighted average valuation method, which complies with SAK EMKM regarding inventory. This can be seen in the determination of the cost of goods sold taken from the average inventory price by dividing the total purchase price by the existing inventory. However, the inconsistency lies in the fact that Carnova Variasi Kota Bengkulu did not prepare financial statements, resulting in the absence of inventory presentation in the balance sheet.

Analysis of Financial Accounting Standards for Entities Without Public Accountability Application for Financial Statements at MSME Rahmah Laundry

Analysis of Financial Accounting Standards for Entities Without Public Accountability Application for Financial Statements at MSME Rahmah Laundry

The Implementation of Financial Accounting Standards (PSAK) 109, Accounting Information Systems, Internal Control, and Employee Performance on the Quality of Financial Reports at BAZNAS Garut District

The Implementation of Financial Accounting Standards (PSAK) 109, Accounting Information Systems, Internal Control, and Employee Performance on the Quality of Financial Reports at BAZNAS Garut District

The Influence of Eco-Control, Company Size, Environmental Performance on Sustainability Reporting Disclosure

Sustainability reporting in Indonesia has become a mandatory report published by financial institutions and public companies listed on the Indonesia Stock Exchange. Obligations related to sustainability reporting refer to Statement of Financial Accounting Standards (PSAK) No.1 Revised 2019, namely that companies are required to disclose additional reports related to environmental life. Under the Global Reporting Initiative (GRI) 2021 standards, the information on a company's applicant list can build stakeholder trust, maintain reputation, increase company value and demonstrate company accountability. Factors that can encourage disclosure of sustainability reporting are Eco-control, company size and environmental performance. One industry that is closely related to the environment and natural resources is the agricultural industry, apart from having a positive impact, there are also negative impacts that also cause harm to the environment. The sample in this research is agricultural sector companies listed on the IDX for 2018-2022. The research uses multiple linear analysis methods with SPSS 23 statistical software. After testing the hypothesis, the results obtained are that Eco-control has a positive influence on sustainability reporting disclosures, while the company size variable has no influence on sustainability reporting disclosures, starting with the environmental performance variable. .

Analysis of Presentation and Reporting of Financial Transactions in the Pulau Harapan Cooperative, Agam District

This research aims to analyze the presentation and reporting of financial transactions at the Pulau Harapan Cooperative, Agam Regency. As well as analyzing the extent to which the presentation is in accordance with sharia principles and applicable accounting standards. The research method used is qualitative with a case study approach. Data was obtained through in-depth interviews, observation and analysis of cooperative financial documents. This research uses data originating from daily financial transactions at the Pulau Harapan Cooperative, Agam Regency. Data is analyzed and processed to produce financial reports based on the Sharia Financial Accounting Standards (PSAK). The results of the research concluded that cooperative financial transactions, which only take the form of daily transactions, can already prepare financial reports based on the Sharia Financial Accounting Standards (PSAK) and produce financial reports for each business unit as well as consolidated financial reports

Financial Management Practices and Financial Accounting Standards Compliance: Case of MSMEs in the Northern Philippines

Starting a business appeared simple; however, many businesses fail to maintain their operations in the long run. Based on this issue, this study explores the depth of understanding and knowledge of MSME business owners in Ilocos Norte, Philippines, regarding compliance with Financial Accounting Standards (FAS) and Financial Management Practices (FMP). Additionally, it seeks to determine the relationship between FAS and FMP and the success of businesses. The methodology used was a descriptive and correlational design. The data was gathered from 379 MSMEs through a survey questionnaire. A 4-Likert scale was used to analyze and interpret the results. Also, researchers used the International Business Machines Statistical Package for the Social Sciences (IBMSPSS), specifically regression analysis, to correlate the financial performance of the MSMEs to their financial management practices and compliance with the financial accounting standards. The study revealed that micro, small, and medium enterprises (MSMEs) in Ilocos Norte maintain a moderate level of implementation of financial management practices and compliance with financial accounting standards, concentrating on the Statement of Comprehensive Income. The study also revealed a significant relationship between financial management practices, compliance with financial accounting standards, and business performance, leading to success. It is justified that effectively and efficiently managing financial matters can contribute to the enhancement of business performance.

ANALYSIS OF ADDITIONAL TAX CALCULATION AND REPORTING VALUE ADDED TAX (VAT) AND ITS IMPACT ON REPORT PRESENTATION FINANCE

This research aims to determine whether the Value Added Tax (VAT) Calculation and Reporting is by the provisions of the applicable Tax Law and financial accounting standards and to analyze its effect on the Financial Reports at PT. Kalaborang Residence. The findings of this research are significant as they provide insights into the compliance of PT. Kalaborang Residence with the tax laws and financial accounting standards, and the practical implications of VAT on the company's financial statements. Kalaborang Residence. Samples and indicators are taken from the company's profit and loss report and balance sheet. The research method used in this research is the qualitative approach. Data was obtained from interviews, observations, and documentation related to the problems studied. The data obtained was then analyzed using interactive methods. Based on the research results of VAT Calculation and Reporting. PT Kalaborang Residence is by Law Number 42 of 2009 and Harmonization of Taxation Regulations Law Number 7 of 2021, using rates of 10% and 11% by calculating output tax minus input tax; there is no delay in depositing and reporting the company has used e-Annual Tax Returns so that you are not late in reporting every VAT period—the impact of Value Added Tax on the presentation of PT's financial statements. Kalaborang Residence has no impact because its End User is only an intermediary for its financial reports. If seen theoretically, PT. Kalaborang Residence, as a Taxable Entrepreneur, is required to report its taxes in the financial reports contained in the Profit and Loss Report and Balance Sheet Report. From the results of observations made by researchers in the field during that period, there was no VAT that could not be credited to the PT's Profit and Loss Report.

Analisis Pengakuan Pendapatan dan Beban Pada PTPN III (Persero) Medan

This study aims to determine whether the recognition of revenues and expenses at PT Perkebunan Nusantara III (Persero) Medan is by financial accounting standards. This study's primary and secondary data sources are primary and secondary. Data collection techniques in this study were interviews and documentation. The data analysis methods used in this research are descriptive and comparative analysis. At PT Perkebunan Nusantara III (Persero) Medan, the method applied in revenue recognition is the accrual basis. Revenue is recognized based on the amount of money received from customers less expenses. At PT Perkebunan Nusantara III (Persero), Medan expenses are recognized in the financial statements by the basis used, namely the accrual basis; the expenses are recognized when the transaction occurs. The results show that the company has applied the revenue recognition method according to PSAK.72, where revenue is recognized when the asset is transferred to the customer.

Analisis Faktor-Faktor Yang Mempengaruhi Audit Delay Pada Perusahaan Manufaktur Periode 2016-2020

Audit reports are important for stakeholders and management. For management, it is required to submit financial reports that are in accordance with financial accounting standards and have been audited by a public accountant registered with BAPEPAM. The issuance of financial reports will expedite the process of publishing financial statements. As for the timeliness of the publication of financial reports to be published, it will affect the timeliness of decision making. The purpose of this study was to determine and analyze the effect of company size, solvency, profitability, and audit committee on audit delay. The company population is all manufacturing companies in 2016-2020 and the research sample is 10 companies. The data used is secondary data in the form of financial report documentation and company annual reports obtained from the IDX. The results of the study, namely partially, show that the variables that influence audit delay are company size and profitability (ROA). The significance level of these variables is 0.022 and 0.034. While the solvency and audit committee variables have no effect. The test results simultaneously show that all variables have a significant effect on audit delay.

Preparation of Financial Statements in Accordance with SAK EMKM in the UD Restu Jaya Cracker Business, Puger District, Jember Regency

This study aims to analyze the application of financial accounting standards for micro, small and medium entities (SAK EMKM) at UD Restu Jaya Puger. This research was conducted on MSMEs engaged in production, namely cracker production. This research uses a qualitative method with a type of descriptive approach. This research was carried out by obtaining data through observation, interviews and documentation. The results of this study show that UD Restu Jaya in its financial records is still manual and simple, because the owner has not understood how to prepare financial statements in accordance with SAK EMKM and there has been no socialization received related to the SAK EMKM that has been determined. This research is expected to provide information for MSME owners in implementing financial statements in accordance with SAK EMKM.

Analyzing the Impact of Indonesian Financial Accounting Standards (IFAS) 71 on Allowance for Impairment Losses

Analyzing the Impact of Indonesian Financial Accounting Standards (IFAS) 71 on Allowance for Impairment Losses

Analisis Faktor-faktor yang Mempengaruhi Kepatuhan UMKM Cemilan Nana PKU dalam Menyusun Laporan Keuangan

This research was conducted at the Nana Pku Snack MSMEs at the Jl. Tuanku Tambusai No.34 Pekanbaru branch. This study aims to provide education and how to implement good financial management to the Cemilan Nana Pku branch 2 MSMEs. The research method applied by researchers is Qualitative Descriptive Method, by conducting interviews and documentation. The results of the study found that the factors that influence the interest of MSMEs in preparing Financial Statements are the lack of understanding of MSME actors in recording Financial Statements and choosing to record very simple financial reports so that they have not followed the Financial Accounting Standards for Micro, Small and Medium Entities (SAK EMKM).

A Study of the Implementation of PSAK 74 on Firm's Value of Insurance Companies in Indonesia

Firm’s value plays an important role for both company management and investors in investment decisions. Often, net profit or revenue is closely related to the creation of firm’s value. This research examines whether the application of the Pernyataan Standar Akuntansi Keuangan (PSAK) or Indonesian Financial Accounting Standards Board 74 affects company value as measured using Tobin’s Q. Standards for insurance company contracts have changed based on the adoption of IFRS 17, and are still being prepared and conducted in-depth studies. This research uses a quantitative approach with panel data regression testing using STATA. Data was collected in the form of secondary data on insurance companies listed on the Indonesia Stock Exchange from 2012 to 2022, using a purposive sampling method. The results of the research show that operational profit (loss) from the new face of insurance company financial reports has a positive effect, while insurance company investment profit (loss) has a negative effect on company value. This research expands the study of the implications of implementing PSAK 74 for insurance companies in the future.

THE INFLUENCE OF EDUCATIONAL LEVEL, BUSINESS SCALE, BUSINESS EXPERIENCE AND SOCIALIZATION ON THE PREPARATION OF FINANCIAL REPORTS ACCORDING TO SAK EMKM ON COMPUTER MSMEs IN MALANG CITY

AbstractThis study was conducted to determine the effect of education level, business scale, business experience and socialization on the preparation of financial statements according to SAK EMKM on computer MSMEs in Malang City. The data used in this study are primary data by distributing questionnaires to owners of Micro, Small and Medium Enterprises (MSMEs) in Malang City. The sampling technique used the Lemeshow formula and obtained a sample of 96 MSMEs. The data analysis technique consists of validity and reliability tests, descriptive analysis, classical assumption tests, multiple liner regression analysis, simultaneous tests (F), partial tests (t), and determination coefficient tests (R^2) with the help of SPSS 23. Based on the results of the study, it shows that the level of education, business scale, business experience and socialization on the preparation of financial statements in accordance with the Financial Accounting Standards of Micro, Small and Medium Entities. However, business scale and socialization have an influence on the preparation of financial statements in accordance with SAK EMKM on Computer MSMEs in Malang City.Keywords: Effect of Education Level, Business Scale, Business Experience, Socialization, Preparation of Financial Statements in accordance with SAK EMKM in Computer MSMEs.

ANALYSIS OF THE APPLICATION OF FINANCIAL REPORTING BASED ON FINANCIAL ACCOUNTING STANDARDS FOR SMALL AND MEDIUM MICRO ENTITIES IN MSMEs

The various cultures that exist in Indonesia can be processed and turned into commodities with market value so that they become the basis for the growth of micro, small and medium businesses. However, it needs to be emphasized that MSME players still lack awareness and must be provided with education regarding the relevance of financial openness in their businesses. So far, the MSME registration procedure is still quite simple. In fact, some of them have not documented or prepared financial reports in accordance with the Financial Accounting Standards for Micro, Small and Medium Entities (SAK EMKM) which have just been established. This research aims to describe whether the financial reports of the Irin Jaya Cakalang Fish Processing UMKM in Bojong Village are in accordance with SAK EMKM or not. Data collection was carried out by means of interviews, observation and documentation. This research uses a qualitative method with a descriptive approach. Based on the research results, it shows that the records at the Irin Jaya Cakalang Fish Processing UMKM are not in accordance with SAK EMKM. Irin Jaya Cakalang Fish Processing UMKM has not prepared a financial position report, profit and loss report and notes to financial reports in accordance with SAK EMKM. Apart from that, Irin Jaya Cakalang Fish Processing MSMEs face obstacles in implementing SAK EMKM, namely the lack of knowledge of MSME owners about financial reports in accordance with SAK EMKM, the owners do not have accounting staff who understand preparing financial reports according to SAK EMKM, and MSME owners consider it unimportant to prepare financial reports. the most important thing is to get a lot of profit.

IMPLICATIONS OF COMMUNITY SERVICE: FINANCIAL STATEMENT PRESENTATION TRAINING FOR ACCOUNTING MGMP TEACHERS TANGERANG CITY

The purpose of this community service implication is to provide financial report presentation training for Tangerang City accounting MGMP teachers to increase knowledge and competency of financial accounting standards that apply in Indonesia. Implications of community service using direct experimental methods to determine the effectiveness of training. Collecting data through discussions and direct interviews to gain an understanding of teachers' perceptions and experiences. The results of this activity showed the success of increasing the knowledge and competence of teachers significantly. Teachers are more confident in teaching the presentation of financial reports in accordance with accounting standards applicable in Indonesia. An interactive and relevant teaching system provides broad knowledge and insight into the presentation of financial reports which is useful for teachers. Besides that, it improves practical skills that can be directly applied in teaching. The conclusion from the implications of this training, apart from increasing knowledge and competency for teachers, also contributes to improving the quality of accounting teaching and education in Tangerang City. The implications of training in presenting financial reports are very important to understand the use of accounting standards in Indonesia for industry.

Pengaruh Kesiapan, Pemahaman Dan Pengelolaan Terhadap Implementasi Laporan Keuangan Berbasis Standar Akuntansi Keuangan Entitas Mikro Kecil Menengah

This research aims to determine the influence of Readiness for Understanding and Management on the Implementation of Financial Reports Based on Financial Accounting Standards for Micro, Small and Medium Entities in Micro, Small and Medium Enterprises in Kota Baru Jambi. This research uses quantitative methods with primary data which is the result of observations using questionnaires in Kotabaru Jambi sub-district. This research used a sample of 91 respondents. This sampling used a purposive sampling method.

Pemahaman Pencatatan Akuntansi pada Pelaku UMKM di Tangerang Selatan

This research reveals the financial records of culinary business MSMEs in the South Tangerang area by tracing how they carry out financial records in their businesses which are still running today. This research helps to find out how research subjects interact in managing their finances, helps understand the views, attitudes and behavior of MSMEs towards financial reports for the sustainability of their business. The Status Quo theory is used by researchers to understand and analyze the situation of MSME actors regarding accounting understanding. Data was collected through semi-structured interviews with 20 MSME actors in the culinary sector and then analyzed using a qualitative approach. The research findings show that the majority of MSMEs have not recorded their finances optimally. They still use traditional methods such as recording sales manually and do not meet financial accounting standards (SAK EMKM). The research recommendation is that MSME players need to improve their ability to carry out good and correct financial records for business continuity. The role of government and academics is needed to provide understanding and knowledge for MSMEs in the South Tangerang region, this can take the form of training on basic financial accounting, and implementing a simple recording system with the help of simple software