PREPARATION OF FINANCIAL STATEMENTS FOR SMALL-MEDIUM ENTERPRISES BASED ON FINANCIAL ACCOUNTING STANDARDS FOR MICRO, SMALL, MEDIUM, ENTITIES (SAK EMKM) (Case Study at Home Industry XYZ)
Daftar Isi:
- This study aims to investigate about application of Financial Accounting Standards for Micro, Small, Medium, Entities (SAK EMKM). Home Industry XYZ is a manufacturer company that sells plastic rope. Home Industry XYZ has sales and purchases bookkeeping. Moreover, they never prepare any appropriate financial statements before. Steps in preparing Financial Statements based on SAK EMKM are decide period of disclosure, create a list of transaction, create beginning balance, define transactions into journal, prepare simple worksheet, prepare financial position statement, income statement, and notes to the financial statements. Obstacles faced by Home Industry XYZ are lack of knowledge, irregular time, and incomplete data.