The role of MSMEs (Micro, Small and Medium Enterprises) to improve the economy and reduce unemplo... more The role of MSMEs (Micro, Small and Medium Enterprises) to improve the economy and reduce unemployment in Indonesia is very large. MSME growth was increasing every year. However, MSMEs often face some problems that may hinder the development of its business, namely, the problem of funding. Phenomena that exist today, many MSMEs are only using funds/private capital in developing their business on the grounds that the business carried on still at an early stage (of development). In fact, at that stage MSMEs must innovate to continue to be competitive in the market. In 2015, Indonesia is also facing Asean Economic Community (AEC), where market competition will be higher for MSMEs. Therefore, in addition to private capital is also required other capital (loans) from third parties to fund the development of MSMEs. The cause of SMEs do not make loans to other parties is not the availability of the financial statements based SAK ETAP which can facilitate access to bank lending. Unavailability of financial statements in accordance with SAK ETAP on MSMEs due to several factors, namely, costs are relatively expensive to pay for experts in the field of accounting, a lack of understanding of the SAK ETAP, complicated and perceptions of MSMEs that consider the financial statements are not important to do. This research aims to obtain empirical evidence whether the giving of information and socialization, educational background, level of education, size of enterprises and enterprises long effect on the understanding of MSMes in drawing up financial statements based on the SAK ETAP. Objects in the study of UMKM in Surabaya with number of respondents as much as 52 MSMes with characteristics of small and medium enterprises. Data retrieval in this study using a questionnaire which is then processed using logistic regression analysis. The results of the study prove that giving information and socialization, educational background, level of education and business size does not influence on the understanding of MSMes in drawing up financial statements based on the SAK ETAP. Only long influential usahalah significantly to the understanding of MSMes in drawing up financial statements based on the SAK ETAP.
The role of MSMEs (Micro, Small and Medium Enterprises) to improve the economy and reduce unemplo... more The role of MSMEs (Micro, Small and Medium Enterprises) to improve the economy and reduce unemployment in Indonesia is very large. MSME growth was increasing every year. However, MSMEs often face some problems that may hinder the development of its business, namely, the problem of funding. Phenomena that exist today, many MSMEs are only using funds/private capital in developing their business on the grounds that the business carried on still at an early stage (of development). In fact, at that stage MSMEs must innovate to continue to be competitive in the market. In 2015, Indonesia is also facing Asean Economic Community (AEC), where market competition will be higher for MSMEs. Therefore, in addition to private capital is also required other capital (loans) from third parties to fund the development of MSMEs. The cause of SMEs do not make loans to other parties is not the availability of the financial statements based SAK ETAP which can facilitate access to bank lending. Unavailability of financial statements in accordance with SAK ETAP on MSMEs due to several factors, namely, costs are relatively expensive to pay for experts in the field of accounting, a lack of understanding of the SAK ETAP, complicated and perceptions of MSMEs that consider the financial statements are not important to do. This research aims to obtain empirical evidence whether the giving of information and socialization, educational background, level of education, size of enterprises and enterprises long effect on the understanding of MSMes in drawing up financial statements based on the SAK ETAP. Objects in the study of UMKM in Surabaya with number of respondents as much as 52 MSMes with characteristics of small and medium enterprises. Data retrieval in this study using a questionnaire which is then processed using logistic regression analysis. The results of the study prove that giving information and socialization, educational background, level of education and business size does not influence on the understanding of MSMes in drawing up financial statements based on the SAK ETAP. Only long influential usahalah significantly to the understanding of MSMes in drawing up financial statements based on the SAK ETAP.
This study examines the effect of quality of the SMEs' financial statements on level of credit re... more This study examines the effect of quality of the SMEs' financial statements on level of credit received by SMEs, as well as prospect of financial accounting standard for entity without public accountability (FAS EWPA) implementation in 2011 to improve the quality of the financial statements of SMEs. The data of this study is obtained from the questionnaires returned by 50 SME entrepreneurs in the area of Jakarta, Bogor, Depok, and other parts of Java. The results of this study show that the quality of SME financial statements do not affect the amount of credit received by SMEs. This may be due to the low quality of financial statements of SMEs so that banks are still in doubt with the relevancy and reliability of financial reporting. Prospect of FAS EWPA implementation to improve the quality of financial report may have been constrained due to the low understanding of the SME entrepreneurs over the FAS EWPA.
The role of MSMEs (Micro, Small and Medium Enterprises) to improve the economy and reduce unemplo... more The role of MSMEs (Micro, Small and Medium Enterprises) to improve the economy and reduce unemployment in Indonesia is very large. MSME growth was increasing every year. However, MSMEs often face some problems that may hinder the development of its business, namely, the problem of funding. Phenomena that exist today, many MSMEs are only using funds/private capital in developing their business on the grounds that the business carried on still at an early stage (of development). In fact, at that stage MSMEs must innovate to continue to be competitive in the market. In 2015, Indonesia is also facing Asean Economic Community (AEC), where market competition will be higher for MSMEs. Therefore, in addition to private capital is also required other capital (loans) from third parties to fund the development of MSMEs. The cause of SMEs do not make loans to other parties is not the availability of the financial statements based SAK ETAP which can facilitate access to bank lending. Unavailability of financial statements in accordance with SAK ETAP on MSMEs due to several factors, namely, costs are relatively expensive to pay for experts in the field of accounting, a lack of understanding of the SAK ETAP, complicated and perceptions of MSMEs that consider the financial statements are not important to do. This research aims to obtain empirical evidence whether the giving of information and socialization, educational background, level of education, size of enterprises and enterprises long effect on the understanding of MSMes in drawing up financial statements based on the SAK ETAP. Objects in the study of UMKM in Surabaya with number of respondents as much as 52 MSMes with characteristics of small and medium enterprises. Data retrieval in this study using a questionnaire which is then processed using logistic regression analysis. The results of the study prove that giving information and socialization, educational background, level of education and business size does not influence on the understanding of MSMes in drawing up financial statements based on the SAK ETAP. Only long influential usahalah significantly to the understanding of MSMes in drawing up financial statements based on the SAK ETAP.
The role of MSMEs (Micro, Small and Medium Enterprises) to improve the economy and reduce unemplo... more The role of MSMEs (Micro, Small and Medium Enterprises) to improve the economy and reduce unemployment in Indonesia is very large. MSME growth was increasing every year. However, MSMEs often face some problems that may hinder the development of its business, namely, the problem of funding. Phenomena that exist today, many MSMEs are only using funds/private capital in developing their business on the grounds that the business carried on still at an early stage (of development). In fact, at that stage MSMEs must innovate to continue to be competitive in the market. In 2015, Indonesia is also facing Asean Economic Community (AEC), where market competition will be higher for MSMEs. Therefore, in addition to private capital is also required other capital (loans) from third parties to fund the development of MSMEs. The cause of SMEs do not make loans to other parties is not the availability of the financial statements based SAK ETAP which can facilitate access to bank lending. Unavailability of financial statements in accordance with SAK ETAP on MSMEs due to several factors, namely, costs are relatively expensive to pay for experts in the field of accounting, a lack of understanding of the SAK ETAP, complicated and perceptions of MSMEs that consider the financial statements are not important to do. This research aims to obtain empirical evidence whether the giving of information and socialization, educational background, level of education, size of enterprises and enterprises long effect on the understanding of MSMes in drawing up financial statements based on the SAK ETAP. Objects in the study of UMKM in Surabaya with number of respondents as much as 52 MSMes with characteristics of small and medium enterprises. Data retrieval in this study using a questionnaire which is then processed using logistic regression analysis. The results of the study prove that giving information and socialization, educational background, level of education and business size does not influence on the understanding of MSMes in drawing up financial statements based on the SAK ETAP. Only long influential usahalah significantly to the understanding of MSMes in drawing up financial statements based on the SAK ETAP.
This study examines the effect of quality of the SMEs' financial statements on level of credit re... more This study examines the effect of quality of the SMEs' financial statements on level of credit received by SMEs, as well as prospect of financial accounting standard for entity without public accountability (FAS EWPA) implementation in 2011 to improve the quality of the financial statements of SMEs. The data of this study is obtained from the questionnaires returned by 50 SME entrepreneurs in the area of Jakarta, Bogor, Depok, and other parts of Java. The results of this study show that the quality of SME financial statements do not affect the amount of credit received by SMEs. This may be due to the low quality of financial statements of SMEs so that banks are still in doubt with the relevancy and reliability of financial reporting. Prospect of FAS EWPA implementation to improve the quality of financial report may have been constrained due to the low understanding of the SME entrepreneurs over the FAS EWPA.
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