Implementation of Accounting Practices in the Financial Statements of BUMDesa Tani Unggul Based on SAK EMKM

Abstract

The Financial Accounting Standards for Micro, Small, and Medium-Sized Entities (SAK EMKM) are accounting standards issued by the Indonesian Institute of Accountants (IAI) as guidelines for the preparation of financial statements for entities that are not subject to public accountability. This study aims to analyze the implementation of SAK EMKM in the financial statements of BUMDesa Tani Unggul, located in Banjardowo Village, Jombang Subdistrict, Jombang Regency. The study employs a qualitative approach with a descriptive research design. Data collection was conducted through interviews, observations, and documentation. The results of the study indicate that BUMDesa Tani Unggul has prepared a statement of financial position and an income statement; although the terminology used differs from that specified in SAK EMKM, substantively the prepared reports serve the same function as required by SAK EMKM. Furthermore, BUMDesa Tani Unggul has not yet prepared Notes to the Financial Statements (CaLK) as part of its financial statements. Therefore, it can be concluded that the application of accounting practices in the financial statements of BUMDesa Tani Unggul in Banjardowo Village does not yet fully comply with the provisions set forth in SAK EMKM.