Business in The New Normal Era

Disclosure of Accounting Practice at MSMEs in Malang City

DOI

10.2991/aebmr.k.210717.026How to use a DOI?

Keywords

accounting, financial management, MSMEs, practice, guidelines

Abstract

The Covid-19 pandemic currently requires business in various fields (including MSMEs) to adapt to the new normal life. This also has an impact on maximizing the use of accounting as the main finance media. Given the large contribution of the MSMEs activities, the owner of business should develop adequate accounting process to maintain the supervision of the business activities. Through the data collected by interviews and focus group discussions, this study describes the understanding and practice of accounting at MSMEs in Malang City. In fact, MSMEs don’t understand much about accounting and still find it difficult to practice it in financial management. This condition occurs because there are a very few guidelines that describe accounting practices in MSMEs. The results of the study suggest the need of an accounting practice model and guidelines according to the conditions of the MSME in the new normal era. The implementation of accounting is believed to be able to improve the quality of MSME financial management. Good financial management is very important, given the difficulty of a business surviving in the era of the Covid-19 pandemic

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dhika Maha Putri
AU  - Slamet Fauzan
AU  - Masculine Muhammad Muqorobin
AU  - Mohd Rizal Palil
PY  - 2021
DA  - 2021/07/19
TI  - Business in The New Normal Era
BT  - Proceedings of 2nd Annual Management, Business and Economic Conference (AMBEC 2020)
PB  - Atlantis Press
SP  - 125
EP  - 127
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210717.026
DO  - 10.2991/aebmr.k.210717.026
ID  - Putri2021
ER  -