A Challenge of Accounting Practices on Small and Medium Enterprises (SMEs): Case Study of Palestine

2020 ◽  
Vol 03 (12) ◽  
Author(s):  
Adnan A.A. Qubbaja ◽  
Keyword(s):  
Training Programs ◽  
Small And Medium Enterprises ◽  
Financial Statements ◽  
Financial Reports ◽  
Complete Set ◽  
The Government ◽  
Medium Enterprises

This paper examined the accounting practices of SMEs drawing on a survey of 100 SMEs in Palestine. The results revealed that majority of SMEs failed to keep proper accounting records pertaining to their businesses. Consequently, it was difficult for the owner-managers to determine the profit earned or loss suffered in the business during a particular accounting .The major reasons for the entities failure to maintain proper accounting records and prepare a complete set of financial statements included inability to prepare financial reports as a result of poor records keeping, Lack of skills, inability to prepare financial Reports, Distrustful attitude of owner /manager, Cost of hiring qualified employees, finally fear to disclose all information to government. It is recommended that training programs must be organized to sensitize owners/managers on the need to maintain proper books of accounts. The government should also come out with the necessary legal instruments to make the preparation of proper books of accounts mandatory in order to improve SMEs practice of accounting in Palestine.

scholarly journals Edukasi Penyusunan Laporan Keuangan Badan Usaha Milik Negeri (BUMneg) Ulihalawang Hitumessing

2021 ◽  
Vol 4 (2) ◽  
pp. 115
Author(s):  
Fajrul Rahman Slamat ◽  
Ishak Ishak ◽  
Mila Juliyanty Salampessy ◽  
Faizah Salma Kaliky
Keyword(s):  
Small And Medium Enterprises ◽  
Financial Statements ◽  
Routine Activities ◽  
Accounting Students ◽  
Financial Reports ◽  
Face To Face ◽  
Additional Information ◽  
The Government ◽  
Medium Enterprises ◽  
General Journal

AbstrakSalah satu yang sangat diharapkan oleh pemerintah negeri Hitumessing untuk masyarakatnya demi mencapai kesejahteraan dalam hidup adalah dapat mandiri, serta tidak serta merta menggantungkan apa yang diberikan pemerintah kepadanya melainkan untuk menciptakan lapangan kerja, seperti misalnya usaha dalam bidang jasa, kuliner, dan lainnya. Hal ini akan dibentuk melalui berbagai jenis usaha misalnya home industry, koperasi ataupun Usaha Kecil Menengah (UKM)  Berhubung minimnya pengetahuan tentang penyusunan  laporan keuangan oleh pihak (BUMneg) Ulihalawang  maka kami selaku mahasiswa jurusan  Akuntansi membantu mengatasi masalah penyusunan laporan keuangan pada (BUMneg) Ulihalawang, Tujuan dari edukasi ini untuk memahamkan pegawai dan staf  (BUMneg) Ulihalawang tentang  tata cara penyusunan laporan keuangan agar dapat memahami dan bisa membuat laporan keuangan dengan baik dan benar sesuai dengan SAK ETAP. Treatment yang diberikan setelah mendapatkan masalah riil di lapangan adalah dengan memberikan materi tentang penyusunan laporan keuangan secara tatap muka. pertama yaitu dengan membenahi aspek keuangan pada BUMneg Ulihalawang dan dilanjutkan dengan melakukan penyusunan laporan keuangan BUMneg Ulihalawang dengan benar. Selanjutnya kami  menjelaskan kepada pihak BUMneg bagaimana melakukan penyusunan laporan keuangan ketika adanya transaksi masuk dan transaksi keluar, dan menjelaskan serta  mempraktikkan tata cara atau proses penyusunan laporan keuangan yang dimana berawal dari pembuatan jurnal umum berdasarkan bukti-bukti transaksi yang ada, kemudian memposting ke buku besar berdasarkan akun-akun yang ada pada jurnal umum, selanjutnya memindahkan nilai-nilai yang ada pada buku besar ke neraca saldo berdasarkan akunnya, jika ada informasi tambahan di akhir bulan maka harus dibuatkan jurnal penyesuaian untuk mengetahui nilai suatu akun yang ada pada informasi tambahan tadi. Kemudian kami membantu pihak Bumneg dalam dalam membuat laporan keuangan per 30 juli sekaligus sebagai acuan kepada pihak BUMneg untuk membuat laporan keuangan dalam setiap kegiatan yang dilakukan oleh pihak BUMneg baik kegiatan rutin atau pun kegiatan tambahan.Kata Kunci: Edukasi, Penyusunan Laporan Keuangan, BUMnegAbstractOne of the things that the government of the black country highly hopes for its people in order to achieve prosperity in life is to be able to be independent, and not necessarily to depend on what the government gives to it but to create jobs, such as businesses in the service, culinary, and other fields.  This will be formed through various types of businesses, for example home industry, cooperatives or small and medium enterprises (UKM) due to the lack of knowledge about the preparation of financial reports by the Ulihalawang village-owned enterprise (BUMNeg), so we as accounting students help overcome the problem of preparing financial reports at  Ulihalawang village-owned enterprise, the purpose of this education is to understand the employees and staff of Ulihalawang village-owned enterprises about the procedures for preparing financial reports so that they can understand and be able to make financial reports properly and correctly in accordance with SAK ETAP.  The treatment given after having real problems in the field is to provide material on the preparation of face-to-face financial reports.  The first is to fix the financial aspects of the Ulihalawang village-owned enterprise and continue with the correct preparation of financial reports for the Ulihalawang village-owned enterprises. then we explain to village-owned enterprises how to prepare financial reports when there are incoming and outgoing transactions, and explain and practice the procedures or processes for preparing financial reports which begin with making general journals based on existing transaction evidence, then posting to the ledger based on the accounts in the general journal, then transfer the values in the ledger to the trial balance based on the account, if there is additional information at the end of the month, an adjusting journal must be made to determine the value of an account in the information extra earlier. then we assisted village-owned enterprises in making financial reports as of July 30 as well as a reference for village-owned enterprises to make financial reports in every activity carried out by village-owned enterprises either routine activities or additional activitiesKeywords: Education, Preparation of financial statements, BUMneg

scholarly journals STUDI KUALITATIF TENTANG MANFAAT DAN KERUGIAN DALAM PENYUSUNAN LAPORAN KEUANGAN PADA UD MITRA PELITA

2018 ◽  
Vol 13 (02) ◽  
Author(s):  
Maurenthia J. Mandey ◽  
David P. E. Saerang ◽  
Rudy J. Pusung
Keyword(s):  
Financial Management ◽  
Small And Medium Enterprises ◽  
Financial Statements ◽  
Small Companies ◽  
Financial Reports ◽  
Financial Report ◽  
Business Units ◽  
Medium Enterprises ◽  
Descriptive Method

The financial statements are fundamental for every company, both large companies and small companies. In Indonesia, according to the Ministry of Cooperatives and Micro Small and Medium Enterprises, up to 2013 the total number of business units is 57,900,787, SME’s with the largest business units as much as 57,895,721 (99.99%) and large enterprises as much as 5.066 (0.01%). The development of SME’s is only seen in the number, while in the financial aspect, SME’s still lags behind. This condition is also experienced by UD Mitra Pelita who have not prepared financial statements. The purpose of this study is to know how the financial management of UD Mitra Pelita and their views on the benefits and losses in the preparation of financial statements as well as the factors that the reason the owner of the company has not compiled or not prepare financial statements. The method of analysis used in this research is descriptive method with case study design. The results showed that the financial management of UD Mitra Pelita the same as SME’s in general that is not yet prepared financial report. This raises many problems in their business activities. The factors that cause UD Mitra Pelita has not compiled financial statements are not much different from SME’s in general. However, these factors are not a barrier for UD Mitra Pelita to implement financial reports that have many benefits for their business activities.Keywords:Financial Reports, Benefits, Losses, Factors.

scholarly journals Penyusunan Laporan Keuangan UMKM Berbasis Online dengan Aplikasi LAMIKRO

2020 ◽  
Vol 4 (2) ◽  
Author(s):  
Soraya Soraya ◽  
Yani Riyani ◽  
Kartawati Mardiah ◽  
Susan Andriana ◽  
Rika Irawati ◽  
...  
Keyword(s):  
Small And Medium Enterprises ◽  
Financial Statements ◽  
Test Results ◽  
Financial Reports ◽  
Digital Era ◽  
Post Test ◽  
Service Activity ◽  
Accounting Report ◽  
Medium Enterprises ◽  
A Company

In the digital era as it is today, information technology has a significant impact on the process of accounting records in a company. However, the human resource factor is an obstacle for SMEs to develop and be able to compete with large companies. Moreover, if it is associated with the importance of presenting financial statements that are accountable and in accordance with standards, it requires MSMEs to be responsive to technological changes that occur. The existence of these demands, made the Ministry of Cooperatives and Small and Medium Enterprises (SMEs) in October 2017 launch an online-based application that is the Micro Business Accounting Report (Lamikro) application. The purpose of this Community Service activity is to provide knowledge about the preparation of financial statements with the application of Lamikro to MSMEs that are found in the Office of Cooperatives, Micro Business and Trade of Pontianak City. The participants who attended were 34 MSMEs. The methods applied are lecture, tutorial and discussion methods. Before giving a lecture, participants are given pre-test questions first. The pre-test results showed that 80% of participants did not understand the preparation of financial reports both manually and online. At the end of the activity a post test was conducted, which showed that 82.79% of participants had understood the preparation of financial reports both manually and online. This means, there is an increase in the knowledge and understanding of participants from before training and after training.  Keywords: MSME, Financial Statements, Lamikro

scholarly journals KARATERISTIK PEMBIAYAAN SYARIAH DAN KELEMBAGAAN USAHA TERHADAP PENGEMBANGAN USAHA MIKRO, KECIL DAN MENENGAH DI KOTA PADANG

2015 ◽  
Vol 4 (2) ◽  
pp. 89
Author(s):  
Neng Kamarni ◽  
Amra Ausri
Keyword(s):  
Significant Relationship ◽  
Small And Medium Enterprises ◽  
Descriptive Analysis ◽  
Financial Statements ◽  
Islamic Finance ◽  
Chi Square ◽  
Financial Reports ◽  
Chi Square Test ◽  
Quantitative Descriptive ◽  
Medium Enterprises

This research aimed to analyze the role of Islamic finance gained SMEs, institutional characteristics of the business and the characteristics of entrepreneurs to the development of Micro, Small, and Medium Enterprises in the city of Padang. The study design used descriptive approach qualitative and quantitative descriptive. Data were analyzed using analysis Crosstabulation and Chi-Square, a descriptive analysis technique.Crosstabulation based analysis and Chi-Square test, there is a significant relationship between the amount of financing, education, length of business, business development training, and the legality of the increase in revenue SMEs. While there was no significant relationship between the type of business and the ownership of the financial statements with a revenue increase of SMEs. SME revenue improvement opportunities are greatest in terms of the amount of financing. Of the 82% who obtain financing on Rp.5.000.000, 61% of SMEs could increase his income. The second biggest opportunities is occupied by SMEs that have financial statements, as many as 58% of the 84 respondents who had had financial reports may increase their income.Keyword : islamic finance, institutioal charateristics

scholarly journals Empowerment of Small and Medium Enterprises (SMEs) Through Social Networks in Coastal Area of Surabaya City

2021 ◽  
Vol 18 (1) ◽  
pp. 132-142
Author(s):  
Wildan Taufik Raharja
Keyword(s):  
Social Networks ◽  
Small And Medium Enterprises ◽  
Case Study Research ◽  
Research Strategy ◽  
Private Institutions ◽  
Collection Data ◽  
The Government ◽  
Medium Enterprises

This research aims to examine social networks that can be accessed by SMEs. Capital has an important role in empowering SMEs in the Coastal Areas of Surabaya City. Some previous studies have shown that empowerment of SMEs is only seen from an economic perspective, such as product marketing, product design, and the role of SMEs in local economic growth. In this study it looks for social networks (stakeholders) with an important role in empowering SMEs and can be accessed by SMEs. This study uses a qualitative method with a case study research strategy. The method of finding data uses in-depth interviews, observation, and documentation.  There are 7 informants from SMEs owners, SMEs associations, government, and private institutions. Data analysis begins with data collection, data reduction, data presentation, and making conclusions / verification. The results of this study showed 5 social network stakeholders that can be accessed by SMEs, namely SMEs, SMEs Associations, Government, Banks, and Private.  The government is the most important institution in developing SMEs. While the limitation of this research is that it has not been able to see further the role of stakeholders that can be accessed by SMEs. Further research can examine the role of stakeholders in SMEs empowerment social networks

Lean Six Sigma competitiveness for micro, small and medium enterprises (MSME): an action research in the Indian context

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Shreeranga Bhat ◽  
E.V. Gijo ◽  
Anil Melwyn Rego ◽  
Vinayambika S. Bhat
Keyword(s):  
Success Factors ◽  
Small And Medium Enterprises ◽  
Lean Six Sigma ◽  
Lessons Learned ◽  
Content Type ◽  
Novice Users ◽  
The Government ◽  
Medium Enterprises ◽  
Tools And Techniques

PurposeThe aim of the article is to ascertain the challenges, lessons learned and managerial implications in the deployment of Lean Six Sigma (LSS) competitiveness to micro, small and medium Enterprises (MSME) in India and to establish doctrines to strengthen the initiatives of the government.Design/methodology/approachThe research adopts the Action Research methodology to develop a case study, which is carried out in the printing industry in a Tier III city using the LSS DMAIC (Define-Measure-Analyze-Improve-Control) approach. It utilizes LSS tools to deploy the strategy and to unearth the challenges and success factors in improving the printing process of a specific batch of a product.FindingsThe root cause for the critical to quality (CTQ) characteristic, turn-around-time (TAT) is determined and the solutions are deployed through the scientifically proven data-based approach. As a result of this study, the TAT reduced from an average of 1541.2–1303.36 min, which in turn, improved the sigma level from 0.55 to 2.96, a noteworthy triumph for this MSME. The company realizes an annual savings of USD 12,000 per year due to the success of this project. Top Management Leadership, Data-Based Validation, Technical Know-how and Industrial Engineering Knowledge Base are identified as critical success factors (CSFs), while profitability and on-time delivery are the key performance indicators (KPIs) for the MSME. Eventually, the lessons learned and implications indicate that LSS competitiveness can be treated as quality management standards (QMS) and quality tools and techniques (QTT) to ensure competitive advantage, sustainable green practices and growth.Research limitations/implicationsEven though the findings and recommendations of this research are based on a single case study, it is worth noting that the case study is executed in a Tier III city along with novice users of LSS tools and techniques. This indicates the applicability of LSS in MSME and thus, the modality adopted can be further refined to suit the socio-cultural aspects of India.Originality/valueThis article illustrates the deployment of LSS from the perspective of novice users, to assist MSME and policymakers to reinforce competitiveness through LSS. Moreover, the government can initiate a scheme in line with LSS competitiveness to complement the existing schemes based on the findings of the case study.

Penerapan Pengendalian Intern pada 13 UMKM di Bandung

2021 ◽  
Vol 10 (1) ◽  
pp. 33-44
Author(s):  
Samuel Wirawan ◽  
Hamfri Djajadikerta ◽  
Amelia Setiawan
Keyword(s):  
Financial Reporting ◽  
Internal Control ◽  
Small And Medium Enterprises ◽  
Internal Controls ◽  
Financial Reports ◽  
Study Approach ◽  
Main Activity ◽  
Medium Enterprises ◽  
The Cost

Micro, small and medium enterprises (MSMEs) as a business sector that supports the country's economy are required to have adequate internal controls to support the achievement of company goals. This research was conducted with a case study approach on culinary business. In general, the companies in this study have implemented adequate internal control components. In terms of achieving company goals, namely financial reporting, the MSMEs studied have made financial reports independently because they consider the cost factor when using expensive consultants and also most of the MSME actors already have accounting skills. However, for tax reports in general, make and reported with the help of consultants due to lack of tax regulations that often change. Regarding the achievement of operating objectives regarding the effectiveness and efficiency of operations, the MSMEs studied are still focused on production activities because production activities are the main activity to provide satisfaction to consumers by utilizing Standard Operating Procedures. Compliance with the applicable rules and laws of the 13 companies studied is varied because it depends on the presence of regulators and whether or not there are strict sanctions and involvement of related parties and bargaining power of stakeholders.Usaha mikro, kecil dan menengah (UMKM) sebagai suatu sektor usaha yang menunjang perekonomian negara dituntut untuk memiliki pengendalian intern yang memadai untuk menunjang pencapaian tujuan perusahaan. Penelitian ini dilakukan dengan melakukan pendekatan studi kasus pada UMKM yang bergerak di bidang usaha kuliner. Secara umum, perusahaan yang diteliti telah menerapkan komponen pengendalian intern yang secara memadai karena adanya keterlibatan pemilik secara langsung pada usaha tersebut. Dalam hal pencapaian tujuan perusahaan yaitu pelaporan keuangan, UMKM yang diteliti sudah membuat laporan keuangan secara mandiri karena mempertimbangkan faktor biaya jika menggunakan pihak konsultan yang mahal dan juga sebagian besar pelaku UMKM sudah memiliki kemampuan akuntansi. Namun untuk laporan pajak pada umumnya, UMKM yang diteliti membuat dan melaporkannya dengan bantuan konsultan karena mereka kurang memahami peraturan perpajakan yang seringkali berubah.  Terkait pencapaian tujuan operasi tentang efektivitas dan efisiensi operasi, UMKM yang diteliti masih berfokus pada aktivitas produksi karena aktivitas produksi merupakan aktivitas utama untuk memberikan kepuasan pada konsumen dengan memanfaatkan Prosedur Operasi Baku. Kepatuhan pada aturan dan hukum yang berlaku dari 13 perusahaan yang diteliti bersifat variatif karena tergantung dari adanya pihak regulator dan juga ada atau tidaknya sanksi yang tegas serta keterlibatan pihak – pihak terkait serta daya tawar dari para pemangku kepentingan.  

PENERAPAN STANDAR AKUNTANSI ENTITAS MIKRO KECIL DAN MENENGAH (SAK EMKM) DALAM MENYUSUN LAPORAN KEUANGAN

2018 ◽  
Vol 2 (01) ◽  
Author(s):  
Hetika Hetika ◽  
Nurul Mahmudah
Keyword(s):  
Economic Development ◽  
Small And Medium Enterprises ◽  
Descriptive Analysis ◽  
Financial Statements ◽  
Financial Reports ◽  
Sample Technique ◽  
Basic Concepts ◽  
Medium Enterprises ◽  
The City ◽  
Purposive Sample

Small and Medium Enterprises (SMEs) is a business that contributes in economic development in Indonesia, because the sector of SMEs is proven to absorb labor and increase in people’s income. The large potential of SMEs is expected to support economic development in Indonesia. SMEs are managed and developed properly will certainly realize a tough business sector. A robust SMEs sector must be supported with good administration. One of the problems faced by the perpetrators of SMEs is the administrative problems associated with the listing of finances in its business. This study aims to analyze whether the understanding and application of basic concepts of accounting can facilitate the perpetrators of SMEs in the City of Tegal to follow the financial statements in accordance with SAK EMKM. The sample of this research is UMKM in Tegal city taken by purposive sample technique. Methods of data collection in this study used the method of observation with questionnaires and direct interviews with respondents. This study uses descriptive analysis techniques to determine the application of accounting in panyusunan financial reports of SMEs in the city of Tegal. The results showed that the application of basic concepts of accounting through the basic equation of accounting can facilitate the perpetrators of SMEs in the City of Tegal to prepare financial statements in accordance with SAK EMKM.

scholarly journals Balance Sheet Model for Small Economic Entities

2021 ◽  
Vol 6 (2) ◽  
pp. 7-11
Author(s):  
Halina Chlodnicka ◽  
Grzegorz Zimon
Keyword(s):  
Financial Reporting ◽  
Financial Crises ◽  
Small And Medium Enterprises ◽  
Balance Sheet ◽  
Financial Statements ◽  
Financial Data ◽  
Business Managers ◽  
Financial Reports ◽  
Business Entities ◽  
Medium Enterprises

Financial reporting still raises doubts and concerns among large and small entrepreneurs. When analyzing financial statements, the recipient often asks whether the current comprehensive forms of financial statements are not too vague and confusing. Data disclosed in the financial statements are often not easily read by ordinary users or even analysts. Maybe now it is worth looking for other new solutions that will allow business managers to obtain basic financial information from the financial reports in a quick and immediate way. The increase in competition and financial crises caused the largest number of bankruptcies in the group of small and medium enterprises. And it is to these small economic entities that it is worth facilitating the process of analyzing financial data. For this group of enterprises, it is worth highlighting in the financial statements those data that may inform about risks in conducting and continuing further operations. The article presents a balance sheet model for small business entities. Its layout and formula is designed to lighten the picture of the company’s financial situation and provide the most important information on the company’s financial safety.

scholarly journals Accounting Application for Small and Medium Enterprises and Compatibility with EMKM Standards: A Case Study in Jakarta, Indonesia

2020 ◽  
Vol 55 (5) ◽  
Author(s):  
Nuramalia Hasanah ◽  
Diah Armeliza ◽  
Indah Muliasari ◽  
Indah Fajarini Sri Wahyuningrum
Keyword(s):  
Small And Medium Enterprises ◽  
Financial Accounting ◽  
Primary Data ◽  
Financial Industry ◽  
Financial Reports ◽  
Funding Sources ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Medium Enterprises

In Indonesia, micro, small, and medium enterprises contribute 60% to domestic economic growth and employ approximately 90% of the country’s productive workforce. These companies also serve as a buffer for the national economy in a crisis. The Indonesian Institute of Accountants asserted that the majority of micro, small, and medium enterprises experience difficulty in accessing assistance from banks and other funding sources. This difficulty for micro, small, and medium enterprise financial reports, whose completion is part of the standards implemented in the financial industry. This research explored the idea of accomplishing financial reports on the basis of EMKM (Entity or Micro, Small and Medium) standards in Jakarta. Primary data were collected using a descriptive quantitative questionnaire. The results showed that the application of accounting in several districts of Jakarta deviated from the Financial Accounting Standards of Indonesia. This deviation was due to the lack of knowledge and training among micro, small, and medium enterprise owners. Therefore, this research has a contribution for researchers, entrepreneurs, academics, as well as other interested parties.

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