Open AccessRevealing Readiness and Obstacles for Implementation of Financial Accounting Standards Msmes in Indonesia
Author(s) -
. Hetika,
Arifia Yasmin
Publication year - 2021
Publication title -
south asian journal of social studies and economics
Language(s) - English
Resource type - Journals
ISSN - 2581-821X
DOI - 10.9734/sajsse/2021/v12i430334
Subject(s) - accounting , sample (material) , business , financial accounting , descriptive statistics , small and medium sized enterprises , accidental sampling , nonprobability sampling , sampling (signal processing) , accounting information system , finance , statistics , computer science , mathematics , population , chemistry , demography , chromatography , sociology , filter (signal processing) , computer vision
This study aims to analyze the readiness and constraints of MSMEs in Indonesia in preparing financial reports in accordance with Financial Accounting Standards MSMES. This study uses a sample data of 271 MSME respondents throughout Indonesia. The sampling technique of this study was accidental sampling by calculating the number of samples using a sample size calculator on www.raosoft.com with consideration of a margin of error of 5%, a level of confidence of 90% and an expected response of 95 %. This study uses descriptive qualitative and quantitative analysis by providing interpretation of data obtained from questions in interviews and questionnaires. The results of an analysis showed that 217 respondents or 80% of respondents had no knowledge of Financial Accounting Standards MSMEs. This shows that SMEs in Indonesia are not ready to implement Financial Accounting Standards MSMEs.