EVALUATION OF IMPLEMENTATION OF FINANCIAL ACCOUNTING STANDARDS FOR MICRO, SMALL, AND MEDIUM ENTITIES IN CV. GRATIA
Frida Magda Sumual, Meidy Santje Selvy Kantohe

Manado State University

Abstract

This study aims to evaluation of implementation of financial accounting standards for micro, small and medium entities in CV. Gratia regarding the suitability of the financial statements from CV. Gratia with financial statement in accordance with SAK EMKM. The object of this research is CV. Gratia is an MSME located in Paslaten, Central Tomohon District, Tomohon City, North Sulawesi. This study used a qualitative method. The data used are primary data, data obtained directly from the CV. Gratia. Secondary data is the data obtained indirectly in the study, namely the financial statements of CV. Gratia. Data collection was obtained by using observation, interview, and documentation techniques. Data analysis was carried out in three stages, namely data reduction, data display, and conclusions. The results of this study indicate the financial statements from CV. Gratia is not in accordance with SAK EMKM. Financial statements from CV. Gratia is only in the form of recording cash receipts and disbursements because the lack of knowledge possessed by the accounting and financial staf human resources.

Keywords: SAK EMKM, CV. Gratia, financial statements

Topic: Optimization Research Based on Local Resources