PENERAPAN PENYUSUNAN LAPORAN KEUANGAN UMKM BERDASARKAN STANDAR AKUNTANSI KEUANGAN ENTITAS MIKRO KECIL DAN MENENGAH (SAK EMKM): SEBUAH SYSTEMATIC LITERATURE REVIEW

Abstract

Through job creation, increased community income, and its contribution to Gross Domestic Product (GDP), micro, small, and medium enterprises (MSMEs) play a vital role in driving Indonesia's economic growth. However, many MSMEs have not prepared financial reports in accordance with the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM). Most of them only record cash expenditures and receipts, resulting in financial information that cannot fully depict the overall business condition. The purpose of this study is to determine the importance of preparing financial statements based on SAK EMKM for small and medium enterprises (MSMEs). A Systematic Literature Review (SLR), employing a qualitative descriptive approach, was used. The review findings indicate that the implementation of SAK EMKM can improve the quality of financial reports, accountability, transparency, and credibility of MSMEs. Furthermore, financial statements that comply with SAK EMKM can assist business actors in evaluating business performance, making more appropriate business decisions, controlling costs, and facilitating access to financing from financial institutions. Nevertheless, the implementation of SAK EMKM still faces various obstacles, such as low accounting understanding, limited human resources, lack of training, and low utilization of accounting technology. Therefore, ongoing support in the form of training, mentoring, and socialization is needed to ensure that the application of SAK EMKM in MSMEs can run optimally.