Implementation of Accounting Based on SAK EMKM at the Rambut Rapi.ID MSME in Sampe Cita Village, Kutalimbaru Subdistrict

Abstract

This study aims to analyze the application of accounting based on the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) at the MSME Rambut Rapi.ID. Rambut Rapi.ID operates in the barbershop and wig sales sector in Sampe Cita Village, Kutalimbaru District. The study employs a qualitative case study approach. Data were collected through interviews, observations, and documentation of the business’s financial records. The results indicate that, prior to implementing SAK EMKM, the business maintained financial records in a rudimentary manner. Income and expenses were recorded, but assets, liabilities, and equity were not separated from personal finances. This resulted in financial statements that were insufficient and difficult to use for business decision-making. After implementing SAK EMKM, however, financial statements were prepared more systematically, including a statement of financial position, an income statement, and notes to the financial statements. This implementation provided increased transparency, more organized record keeping, and greater ease in accurately assessing the business’s financial condition. However, challenges remain, including a lack of accounting knowledge, time constraints, and the tendency to mix personal and business finances. Overall, implementing SAK EMKM helps Rambut Rapi.ID’s SMEs manage their finances more professionally, supporting business sustainability.