KUALITAS LAPORAN KEUANGAN UMKM SERTA PROSPEK IMPLEMENTASI SAK ETAP

This study examines the effect of quality of the smes’ financial statements on level of credit received by smes, as well as prospect of financial accounting standard for entity without public accountability (fas ewpa) implementation in 2011 to improve the quality of the financial statements of smes. the data of this study is obtained from the questionnaires returned by 50 sme entrepreneurs in the area of jakarta, bogor, depok, and other parts of java. the results of this study show that the quality of sme financial statements do not affect the amount of credit received by smes. this may be due to the low quality of financial statements of smes so that banks are still in doubt with the relevancy and reliability of financial reporting. prospect of fas ewpa implementation to improve the quality of financial report may have been constrained due to the low understanding of the sme entrepreneurs over the fas ewpa.