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Revealing the Readiness of MSMEs in Implementation SAK EMKM in the Industrial Era 4.0

In: Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Social Applied Science 2024 (ICoSTAS-SAS 2024)

Author

Listed:
  • I Wayan Karmana

    (Politeknik Negeri Bali, Accounting Department)

  • Ni Made Ayu Dwijayanti

    (Politeknik Negeri Bali, Accounting Department)

  • Ketut Sinta Trisnadewi

    (Politeknik Negeri Bali, Accounting Department)

Abstract

This research aims to explore the readiness of MSME Rose Madhani to implement the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) and the obstacles that arise in this process. This research uses a descriptive qualitative approach where the readiness of MSME Rose Madhani is assessed using 3 aspects, namely HR readiness, readiness of supporting facilities, and commitment of MSMEs. The results of the research show that MSME Rose Madhani is not ready to implement SAK EMKM. The low level of understanding of accounting is an obstacle from the HR aspect, the absence of applications based on SAK EMKM is an obstacle from the infrastructure side, and the perception of MSME owners that consistent financial recording is not important in managing MSMEs and is an aspect that causes low commitment to implementing SAK EMKM. MSME Rose Madhani also still adopts cash-based transactions, so this is not following the concept in SAK-EMKM which records on an accrual basis. SAK EMKM presents financial reports consisting of three components, namely the financial position report at the end of the period, the profit and loss report for the period and notes to the financial reports.

Suggested Citation

  • I Wayan Karmana & Ni Made Ayu Dwijayanti & Ketut Sinta Trisnadewi, 2024. "Revealing the Readiness of MSMEs in Implementation SAK EMKM in the Industrial Era 4.0," Advances in Economics, Business and Management Research, in: Anak Agung Ngurah Gde Sapteka & I Gusti Lanang Made Parwita & I Komang Wiratama & Fransiska Moi & Ko (ed.), Proceedings of the International Conference on Sustainable Green Tourism Applied Science - Social Applied Science 2024 (ICoSTAS-SAS 2024), pages 70-76, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-622-2_9
    DOI: 10.2991/978-94-6463-622-2_9
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