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The Role of Financial Accounting Standards for Small And Medium Micro Economic Sectors:Case Studies In Lowokwaru District, Malang


  • Ahmad Mukoffi

    (University of Tribhuwana Tunggadewi)

  • Yayuk Sulistiyowati

    (Economic Faculty, University of Tribhuwana Tunggadewi Malang, Indonesia)


In the preparation of financial statements based on financial accounting standards is an improvement in quality of financial statements, which will leverage the credibility of the financial statements in question. The research’s object to be studied are MSMEs in Food and Beverage Sector. The formulation of the problem in this study is, a. How is the preparation of MSME financial statements in the Food and Beverage sector based on EMKM SAK in Tlogomas Sub-District, Malang City, b. What are the constraints faced by MSMEs in the Food and Beverage Sector in implementing EMKM SAK in Tlogomas Sub-District Malang, c. What strategy model is effective from the government so that MSMEs can apply the SAK EMKM optimally. This research method used a combination of research methods (Mixed Methods). With adequate accounting, MSME entrepreneurs can fulfill the requirements in applying for credit, such as making financial reports. The researcher offers a model for the application of electronic-based financial reporting, this is to attract investors to contribute their capital, considering that currently entering the free market. This program also makes easier for the Bank to read the financial statements of micro entities. Key Words:Financial Accounting Standards, Small And Medium Micro Economic, Food and Beverage Sector, Electronic-based financial reporting

Suggested Citation

  • Ahmad Mukoffi & Yayuk Sulistiyowati, 2019. "The Role of Financial Accounting Standards for Small And Medium Micro Economic Sectors:Case Studies In Lowokwaru District, Malang," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 8(3), pages 17-23, May.
  • Handle: RePEc:rbs:ijbrss:v:8:y:2019:i:3:p:17-23

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