Design for Implementing Financial Accounting Standards for Micro, Small and Medium Entities at PT. Polten Sinar Agatha.

Abstract

In financial reports, financial accounting standards are required to regulate the presentation of MSME financial reports. The financial report is the final result of recording which is a summary of the financial transactions that occurred during the financial year in question. For this reason, there is a need for financial accounting standards for MSMEs, namely SAK EMKM. This standard makes it easier for MSMEs to prepare their financial reports. The aim of this research is to provide an overview of the preparation of financial reports in accordance with SAK EMKM for PT businesses. Sinar Agatha Polten on Jalan Nahum Situmorang, Samosir Regency. This study uses a qualitative method. Data collection techniques in this research are surveys, observations, interviews, case studies or documentation studies. The data used in this research are primary data and secondary data obtained directly from PT. Polten Sinar Agatha is in the form of purchase and sales transaction records, and other documents. The research results show that PT. Polten Sinar Agatha has prepared financial records, but they are not yet in accordance with the applicable standards, namely SAK EMKM. The conclusion of this research is that PT. Polten Sinar Agatha is able to prepare its financial reports in accordance with SAK EMKM so that it can know its business development and financial position accurately and can apply for loans to banks and fulfill its obligations as a corporate taxpayer.Keywords: UMKM, SAK EMKM, Financial Reports.