ZULFIKAR, Rudi and ASTUTI, Kurniasih Dwi and Ismail, Tubagus (2022) Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) in Indonesia: Factors, and Implication. Quality. pp. 128-143. ISSN 1582-2559

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Abstract

The purpose of this study was to examine the compliance of MSME actors with micro, small and medium financial accounting standards (SAK EMKM) and their determinants and implications for financial performance. This study uses additional analysis by testing the sub-sample of MSMEs with large and small assets. The object of this research in Indonesian MSMEs using primary data distributed to respondents is 8,856.097. Hypothesis testing using regression analysis method. The results prove that MSMEs in Indonesia have not met SAK EMKM. This shows that MSMEs have not used the applicable standards for the management of MSMEs in Indonesia, especially in the preparation of financial reports. Other evidence that MSMEs do not understand or are not ready to implement SAK EMKM; This evidence shows that MSME actors do not understand the importance of issuing SAK EMKM. Other results, costs and benefits, quality of information, and socialization have a positive effect on the level of compliance with SAK EMKM. The test results of the sub-sample with large assets that affect SAK EMKM compliance are the quality of information and socialization, while the sub-sample of small assets proves the costs and benefits, and socialization. The difference between the test results and the sub-samples is due to the different samples. Limitations/implications of this study, namely focusing on MSMEs in Indonesia by not conducting direct interviews with samples due to the COVID-19 pandemic. Keywords: MSMEs, SAK EMKM, Perception, Compliance, Determinant Factors, Indonesia

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