IMPLEMENTATION OF UMKM ACCOUNTING FROM THE PERSPECTIVE OF ACCOUNTING CYCLE AND EMKM SAK: A CASE STUDY OF WARUNG DAIKATSU MALANG

Abstract

Micro, Small, and Medium Enterprises (MSMEs) play a vital role in driving economic growth, yet many businesses have not yet implemented financial records in accordance with the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM). This study aims to analyze the accounting implementation at Warung Daikatsu Malang, identify obstacles encountered in preparing financial statements, and assess their compliance with SAK EMKM. The study employed a qualitative approach with data collection techniques in the form of observation, interviews, and documentation. Data were analyzed using the interactive model of Miles, Huberman, and Saldana through the stages of data collection, data condensation, data presentation, and drawing conclusions. The results show that Warung Daikatsu has recorded revenue, raw material costs, operational costs, and profit calculations using Microsoft Excel. However, these records are still in the form of simple recapitulations and therefore do not meet the requirements of SAK EMKM because they have not been compiled in the form of a general journal, ledger, trial balance, statement of financial position, or notes to the financial statements. This condition is influenced by limited understanding of preparing financial statements according to standards. This study shows that the transaction data owned by Warung Daikatsu is actually sufficient to be the basis for preparing financial reports in accordance with SAK EMKM if supported by the implementation of a more complete accounting cycle.