Application Of Financial Accounting Standards For Entities Without Public Accountability (SAK ETAP) In Cooperative Financial Statements

Abstract

Application of Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP) in the Financial Statements of the Nusantara Bersatu Cooperative. This study aims to analyze the application of financial accounting standards for entities without public accountability in cooperative financial statements. The source of data is the Chair of the Nusantara Bersatu Employee Cooperative. Data was obtained through interviews, observation, and documentation. Data was processed using the Miles and Huberman model, namely data reduction, data presentation, and data verification to draw conclusions. This model was used so that the data obtained could be sorted regularly and sequentially to produce accurate and accountable research results. The results of the study concluded that the financial statements prepared were in the form of a balance sheet, income statement, and list of distribution of surplus, whereas according to SAK ETAP, the components of financial statements should include a balance sheet, income statement, statement of changes in equity, cash flow statement, and notes to the financial statements. The conclusion of the research findings shows that the financial statements of the Nusantara Bersatu Employee Cooperative in presenting cooperative financial statements only apply two stages of financial statements, which are not in accordance with SAK ETAP.