PHENOMENOLOGICAL STUDY OF THE APPLICATION OF FINANCIAL ACCOUNTING STANDARDS FOR MICRO, SMALL AND MEDIUM ENTITIES (SAK EMKM) IN UMKM PADANG RESTAURANTS IN KALISARI VILLAGE

Abstract

This study aims to determine the application of SAK EMKM accounting records in Padang Restaurant MSMEs in the Kalisari area. This research uses qualitative research with primary data collection in the form of interviews and observations and secondary data obtained from direct supporting sources, such as financial documents, books, or references related to SAK EMKM. In this study using semi-structured interview techniques and in-depth interviews. The observation technique used is participant observation. The sampling technique in this study used purposive sampling consisting of seven Padang Restaurant business owners located in Kalisari Village. The results of this study indicate that the financial recording system of UMKM Padang Restaurant in Kalisari Village is carried out manually and simply. This is because there are obstacles such as: (1) The lack of ability of MSMEs in the field of financial report management so that they are unable to distinguish between personal finances and business finances. On average, MSME actors, especially in Padang Restaurant in Kalisari Village, only rely on memory to calculate their finances, be it incoming finances, outgoing finances, or business operational transactions. (2) The low level of education and accounting knowledge that makes MSMEs reluctant to record accounting. (3) Lack of human resources who know about accounting and SAK EMKM, this makes the accounting records made by MSMEs weak. (4) Lack of socialisation and the absence of training in MSMEs evenly for MSME actors about the importance of accounting so that they think accounting is not important.