Analysis of SAK EMKM-Based Accounting Implementation at a Micro, Small, and Medium Enterprise

Abstract

This study aims to analyze the implementation of accounting based on the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) at Rambe Cosmetics Store in North Tambusai District. A qualitative method with a descriptive approach was employed, with data collected through observation, interviews, and documentation. The results indicate that Rambe Cosmetics Store has recorded its financial transactions and prepared an income statement based on sales data and cost of goods sold through a computerized point-of-sale system. However, the store's accounting practice has not yet fully complied with SAK EMKM, as it has not prepared a statement of financial position or complete notes to the financial statements. This gap is attributable to the owner's limited understanding of accounting standards and the absence of dedicated assistance in preparing standard-compliant financial statements. Accordingly, improving accounting literacy and providing technical guidance for MSME actors are necessary so that financial statements can be prepared more completely, systematically, and in accordance with applicable accounting standards.