Analysis of the Application of Financial Accounting Standards Micro, Small, and Medium Entities in the Preparation of Trading Business Pondok Bika

Abstract

Financial statements prepared by entities must comply with financial accounting standards. Financial Accounting Standards (SAK) are Statements of Financial Accounting Standards (PSAK) and Interpretations of Financial Accounting Standards (ISAK) issued by the Indonesian Accounting Standards Board (DSAK IAI) and the Sharia Standards Board of the Indonesian Accounting Association (DSAS IAI) as well as capital market regulator regulations for entities under their supervision. This study aims to determine how the financial statements of UMKM UD. Pondok Bika are prepared and how the financial statements are implemented based on SAK-EMKM. The research used in this study is a qualitative research through a descriptive approach. The data used in this study are primary data and secondary data. This study was conducted in April 2025. The data collection method was through observation, interviews and documentation. The data analysis techniques used are data reduction , data presentation (display), Conclusion drawing/verification . The data analysis tool used is SAK-EMKM. The results obtained The total cost of goods sold owned by UD. Pondok Bika is Rp. This 5,500,000.00 was obtained by the author after conducting research from the previous business owner did not calculate the cost of goods sold. For the profit obtained by UD. Pondok Bika after deducting expenses amounting to Rp. 7,500,000.00. Pondok Bika Trading Business does not know and understand the Financial Accounting Standards for Entities, Micro, Small and Medium Enterprises (SAK-EMKM). The preparation and recording of bookkeeping which is still minimal and simple is still in accordance with the owner's understanding and knowledge.