IMPLEMENTATION OF SAK ETAP IN THE PREPARATION OF MSME FINANCIAL REPORTS AT THE SIDOARJO MARKET

Abstract

Warung Aldo Sayur is a trading business owned by a group that sells various kinds of vegetables, spices, and
other kitchen spices. Warung Aldo Sayur also does not have a definite bookkeeping, they see profit and loss
only by setting aside money, profits are calculated from expenses and income are calculated by themselves
using simple financial methods. The formulation of the problem in this study are: 1) How is the application of
simple financial methods to MSMEs agribusiness traders in the Sidoarjo market? 2) What are the views of
agribusiness traders on the implementation of SAK ETAP in the preparation of MSME financial reports in the
Sidoarjo Market?. Meanwhile, the objectives of this study are: 1) To describe the application of simple
financial methods to MSMEs agribusiness traders in the Sidoarjo market. 2) To describe the views of
agribusiness traders on the implementation of SAK ETAP in the preparation of MSME financial reports in the
Sidoarjo Market. To answer this, the researcher attempted to analyze and evaluate the data used in this study
related to the application of SAK ETAP in the preparation of financial statements obtained by data collection
techniques in the form of interviews, observations, and documentation.
The results of the research at the Aldo Sayur shop showed that the financial statements used still used a simple
method and did not have books. It still uses the cash basis method. So that the application of the financial
statements is not yet completely accurate. The income statement is only obtained by subtracting the total
income by the total expenses. However, this data is not written systematically and is not in accordance with
SAK ETAP standards in the preparation of financial statements, so it cannot be evaluated optimally