Analyzing Key Factors Influencing MSMEs’ Financial Statement Preparation under Indonesian EMKM Standards
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Abstract
This study examines the factors influencing the preparation of financial statements of Micro, Small, and Medium Enterprises (MSMEs) in Jember Regency based on Indonesian Financial Accounting Standards for MSMEs (SAK Indonesia for EMKM). The research employs a quantitative method with a population of 176,046 MSMEs, from which 100 respondents were selected using purposive sampling and the Slovin formula. Data were collected through questionnaires and analyzed using multiple linear regression, supported by data quality tests, classical assumption tests, coefficient of determination (R²), and hypothesis testing. The findings reveal that education level and accounting understanding have a significant partial effect on financial statement preparation, while socialization, business actors’ perceptions, and business scale show no partial influence. However, collectively, all five variables education level, accounting understanding, socialization, perceptions, and business scale simultaneously influence financial reporting practices. This research contributes to strengthening MSMEs’ financial reporting quality and supports better compliance with national accounting standards
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