Analysis of SAK EMKM Implementation in the Recording and Assessment of Merchandise Inventory and its Impact on Inventory Internal Control (Case Study on Mimici Indonesia Smes-Bogor)

Abstract

This study aims to analyze the implementation of the Financial Accounting Standards for Micro, Small, and Medium Entities (SAK EMKM) in the method of recording and valuation of merchandise inventory towards inventory internal control at UMKM Mimici Indonesia Bogor. The research method used is descriptive qualitative with data collection techniques through interviews, observations, and documentation. The results show that UMKM Mimici has not fully implemented SAK EMKM in recording and valuing inventory. The inventory valuation method applied tends to follow the First In First Out (FIFO) method but has not been consistently and optimally applied. Additionally, the inventory recording system used is a perpetual system with spreadsheets, but there are still shortcomings in its implementation, one of which is the limitation of human resources, resulting in frequent discrepancies between recorded inventory and physical stock. Inventory internal control has also not been running optimally, with the main obstacles being human error and limited storage space. This study recommends increasing understanding of SAK EMKM, optimizing the recording system, and enhancing internal control to improve efficiency and accuracy in inventory management