Implementation Analysis of Financial Accounting Standards for Entities Without Public Accountability (Sak Etap) on Financial Statements of Bumdes Ora Et Labora in Usapisonbai Village, Nekamese District

DOI

10.2991/assehr.k.220301.054How to use a DOI?

Keywords

BUMDes; Financial Statements; SAK ETAP

Abstract

The purpose of this research was to analyze the implementation of the Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP) of 2016 with the financial statements of BUMDes Ora Et Labora of 2020 in Usapisonbai Village. Data collection was carried out by interviewing and reviewing financial statement documents. The data analysis technique used was comparative qualitative descriptive analysis. The results of the study indicated that the preparation of the financial statements of BUMDes Ora Et Labora of 2020 has not implemented Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP). BUMDes Ora Et Labora did not compose a Balance Sheet, Statement of Changes in Capital, Cash Flow Statement and Notes to Financial Statements. BUMDes Ora Et Labora only prepared profit and loss statement. The discrepancy found in the profit and loss Statement, namely in the expense component, BUMDes Ora Et Labora did not provide information on depreciation expense, rental equipment transportation expenses and management salary expenses. Not to mention, in the profit and loss component, BUMDes did not provide any information regarding profit or loss earned in the budget period of 2020, so it can be concluded that the preparation of the Financial Statements of BUMDes Ora Et Labora of 2020 has not implemented Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP).

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Melda M. Poeh
AU  - Septia S. Dioh
AU  - Christian T. Peilouw
PY  - 2022
DA  - 2022/03/04
TI  - Implementation Analysis of Financial Accounting Standards for Entities Without Public Accountability (Sak Etap) on Financial Statements of Bumdes Ora Et Labora in Usapisonbai Village, Nekamese District
BT  - Proceedings of the International Conference on Applied Science and Technology on Social Science 2021 (iCAST-SS 2021)
PB  - Atlantis Press
SP  - 332
EP  - 337
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220301.054
DO  - 10.2991/assehr.k.220301.054
ID  - Poeh2022
ER  -