Implementation of Accounting Standards for Non-Public Entities in Cooperative Financial Reporting
Abstract
The application of Financial Accounting Standards for Entities Without Public Accountability (SAK ETAP) in the financial statements of the Civil Servants Cooperative of West Java Province (KPPP West Java) is essential to reflect accountability in managing the cooperative so that stakeholders can understand its financial condition. The primary objective of this research is to evaluate the suitability of adopting the SAK ETAP standards for the preparation of financial statements by KPPP West Java. The approach employed for this study is descriptive qualitative, involving the collection of data through interviews, observations, document analysis, and literature review. The information gathered from interviews and observations was systematically analyzed and compared to determine the compliance of the 2024 and 2023 financial statements of KPPP West Java with the SAK ETAP guidelines. The results found that the application of SAK ETAP was substantial deviation, accompanied by explanations of the deficiencies and suggestions for improvements in the financial statement presentation. The conclusion drawn is that the implementation of SAK ETAP in the financial statements of KPPP West Java is not yet appropriate, as it does not meet the minimum information requirements needed to fulfill the principles of transparency and accountability. Therefore, the recommended improvements are expected to assist KPPP West Java in preparing future financial statements in strict adherence to SAK ETAP, thereby enhancing transparency and stakeholder confidence.
Downloads
References
Abela, M. (2020). Paradise Lost: Accounting Narratives without Numbers. Accounting Economics and Law A Convivium, 10(2), 20190035. https://doi.org/10.1515/ael-2019-0035
Adi, P. P. (2021). Akuntansi yang Terinternalisasi dalam Kehidupan Teknisi Akuntan. Portofolio: Jurnal Ekonomi, Bisnis, Manajemen, Dan Akuntansi, 18(2), 78–92. https://doi.org/10.26874/portofolio.v18i2.216
Agyenim-Boateng, C. (2017). The role of structure in manipulating PPP accountability. Accounting Auditing and Accountability Journal, 30(1), 119–144. https://doi.org/10.1108/AAAJ-01-2014-1590
Aladwey, L. (2023). The determinants and effects of the early adoption of IFRS 15:Evidence from a developing country. Cogent Business and Management, 10(1). https://doi.org/10.1080/23311975.2023.2167544
Alfikri, M. H., Usman, S., & Juwita, R. (2022). Penerapan Standar Akuntansi Keuangan Entitas Tanpa Akuntabilitas Publik Pada Penyajian Laporan Keuangan PT Galang Solusi Teknik. PESHUM : Jurnal Pendidikan, Sosial Dan Humaniora, 1(3), 161–172. https://doi.org/10.56799/peshum.v1i3.280
Amtiran, P. Y. (2019). Student perception of accountability and transparency of financial management political party in the context of local election. Academy of Accounting and Financial Studies Journal, 23.
Barghathi, Y. (2018). Earnings management and audit quality: stakeholders’ perceptions. Journal of Management and Governance, 22(3), 629–659. https://doi.org/10.1007/s10997-017-9396-2
Bolívar, M. P. R. (2018). Analysing the accounting measurement of financial sustainability in local governments through political factors. Accounting Auditing and Accountability Journal, 31(8), 2135–2164. https://doi.org/10.1108/AAAJ-10-2016-2754
Brennan, N. M. (2020). Directors’ responsibilities, accountability, and business judgment: The pierse contracting case. Issues in Accounting Education, 35(1), 25–41. https://doi.org/10.2308/issues-18-023
Cordery, C. J. (2019). Supreme audit institutions and public value: Demonstrating relevance. Financial Accountability and Management, 35(2), 128–142. https://doi.org/10.1111/faam.12185
Eldyasty, M. M. (2023). Audit(or) type and audit quality in emerging markets: evidence from explicit vs. implicit restatements. Review of Accounting and Finance, 22(4), 489–507. https://doi.org/10.1108/RAF-02-2023-0046
Eriadi. (2018). Determinant analysis of the quality of local government financial statements in north Sumatra with the effectiveness of management of regional property as a mediator. International Journal of Civil Engineering and Technology, 9(5), 1334–1346.
Fauziyah, S. B., & Kustinah, S. (2023). Pengaruh Agency Cost Reduction, Sales Growth, Triple Bottom Line Terhadap Firm Value. Jurnal Riset Akuntansi Dan Keuangan, 11(1), 97–106. https://doi.org/10.17509/jrak.v11i1.47404
Fiantika, F. R., Wasil, M., Jumiyati, S., Honesti, L., Wahyuni, S., Mouw, E., Mashudi, I., Hasanah, N., Maharani, A., & Ambarwati, K. (2022). Metodologi Penelitian Kualitatif (Cetakan pe). PT. Global Eksekutif Teknologi.
Fitriah, A., & Hidayati, C. (2023). Analisis Kepatuhan Penerapan Standar Akuntansi Keuangan Entitas Tanpa Akuntabilitas Publik Pada Penyusunan Laporan Keuangan Koperasi Credit Union Sekawan Maju di Surabaya. Profit: Jurnal Manajemen, Bisnis Dan Akuntansi, 2(1), 212–226. https://doi.org/10.58192/profit.v2i1.488
Fuad, F. (2019). Does IFRS convergence really increase accounting qualities? Emerging market evidence. Journal of Economics Finance and Administrative Science, 24(48), 205–220. https://doi.org/10.1108/JEFAS-10-2018-0099
Ghani, R. (2024). Quality of Annual Financial Reporting: A Study of Cooperatives in Malaysia. Indian-Pacific Journal of Accounting and Finance, 7(4), 3–13. https://doi.org/10.52962/ipjaf.2023.7.4.149
Habib, M. H., Lau, E. A., & Sitorus, A. N. (2023). Analisis Penerapan Standar Akuntansi Keuangan Entitas Tanpa Akuntabilitas Publik (SAK ETAP) Pada Penyusunan Laporan Keuangan CV. Mitra Jaya Teknik. Jurnal Manajemen Dan Akuntansi, 12(3), 1–9. https://doi.org/10.31293/jma.v12i3.7179
Hadisantoso, E., Wawo, A. B., & Erwin, E. (2022). Analisis Penerapan Standar Akuntansi Keuangan Entitas Tanpa Akuntabilitas Publik (SAK ETAP) Atas Laporan Keuangan Koperasi Kredit Bintang Utama Di Kabupaten Muna. Jurnal Akuntansi Dan Keuangan, 7(1). https://doi.org/10.33772/jak-uho.v7i1.24524
Haustein, E. (2023). Transparency of local government financial statements: Analyzing citizens’ perceptions. Financial Accountability and Management, 39(2), 375–393. https://doi.org/10.1111/faam.12353
Hery. (2023). Teori akuntansi: Pendekatan konsep dan analisis. Gramedia Widiasarana Indonesia.
Hutabarat, S. M., Kamilah, & Nst, M. L. I. (2023). Analisis Implementasi Standar Akuntansi Keuangan Entitas Tanpa Akuntabilitas Publik (Sak ETAP) Pada Penyajian Laporan Keuangan Koperasi Credit Union Kasih Setia Pulau Tello. Jurnal Pendidikan Tambusai, 7(2), 16072–16077.
IAI. (2016). Standar Akuntansi Keuangan- IAI Global. In IAI Global.
Ismajli, H. (2019). The Importance of External Audit in Detecting Abnormalities and Fraud in the Financial Statements of Public Enterprises in Kosovo. Ekonomika, 98(1), 124–134. https://doi.org/10.15388/Ekon.2019.1.8
Karimah. (2022). Analisis Penerapan Sak EMKM Dalam Penyusunan Laporan Keuangan UMKM. Transekonomika: Akuntansi, Bisnis Dan Keuangan, 3(1), 45–52. https://doi.org/10.55047/transekonomika.v3i1.342
Krismiaji, K. (2020). Corporate governance, compliance level of ifrs disclosure and value relevance of accounting information – Indonesian evidence. Journal of International Studies, 13(2), 191–211. https://doi.org/10.14254/2071-8330.2020/13-2/14
Lewar, M. V. N., Tokan, M. G. M., & Rangga, Y. D. P. (2023). Kinerja Keuangan pada Kantor Pusat KSP Kopdit Pintu Air Rotat Ditinjau dari ROI, ROA dan ROE. Ekonomi, Keuangan, Investasi Dan Syariah (EKUITAS), 4(4), 1342–1351. https://doi.org/10.47065/ekuitas.v4i4.3436
Louw, A. (2017). Independent monitoring and review functions in a financial reporting context. Meditari Accountancy Research, 25(2), 268–290. https://doi.org/10.1108/MEDAR-02-2017-0114
Mack, J. (2017). Financial reporting by charities: a matched case study analysis from four countries. Public Money and Management, 37(3), 165–172. https://doi.org/10.1080/09540962.2017.1281638
Mardi, M. (2020). Effect of Accounting Information Systems, Teamwork, and Internal Control on Financial Reporting Timeliness. Journal of Asian Finance Economics and Business, 7(12), 809–818. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.809
Mattei, G. (2020). Comparability in IPSASs: Lessons to be Learned for the European Standards. Accounting in Europe, 17(2), 158–182. https://doi.org/10.1080/17449480.2020.1742362
Negash, M. (2020). Institutional pressures and the accounting and reporting of environmental liabilities. Business Strategy and the Environment, 29(5), 1941–1960. https://doi.org/10.1002/bse.2480
Novita, N., & Puspita, P. (2018). Tingkat Implementasi dan Persepsi terhadap Sak Etap (Studi pada Koperasi Perkebunan Sawit). Jurnal Akuntansi Kontemporer, 10(2), 105–115. https://doi.org/10.33508/jako.v10i2.2221
Purnamawati, I. G. A. (2021). Akuntansi dan Implementasinya dalam Koperasi dan UMKM (1st ed.). Rajawali Pers.
Quattrone, P. (2022). Seeking transparency makes one blind: how to rethink disclosure, account for nature and make corporations sustainable. Accounting Auditing and Accountability Journal, 35(2), 547–566. https://doi.org/10.1108/AAAJ-04-2021-5233
Rahayu, S. D., & Hartikayanti, H. N. (2023). Perancangan Sistem Informasi Akuntansi Pelaporan Keuangan (Studi Kasus Pada BUMDes Bangkit Sejahtera). Jurnal Riset Akuntansi Dan Keuangan, 11(1), 183–206. https://doi.org/10.17509/jrak.v11i1.47412
Reheul, A. M. (2017). Auditor gender, experience and reporting in nonprofit organizations. Managerial Auditing Journal, 32(6), 550–577. https://doi.org/10.1108/MAJ-01-2016-1296
Saragih, A. Z., Widodo, D. P., & Nuraeni, Y. S. (2024). Analisis Penerapan SAK ETAP Pada Laporan Keuangan PT Zamara Inti Pratama. Jurnal Ekonomi Manajemen, 5(1), 1–12.
Simarmata, J., & Afriani, A. N. (2021). Pengaruh Penerapan Standar Akuntansi Keuangan Untuk Entitas Tanpa Akuntabilitas Publik (SAK-ETAP), Sistem Informasi Akuntansi, Pemanfaatan Sistem Informasi Akuntansi, Dan Pengendalian Internal Terhadap Kualitas Laporan Keuangan UMKM (Studi Empiris Pada UM. Jurnal Liabilitas, 6(2), 77–93. https://doi.org/10.54964/liabilitas.v6i2.81
Subagyo, A., Musfitria, A., & Ichwan, M. (2018). Akuntansi Koperasi. Jakarta: Mitra Wacana Media.
Suryanto, T. (2019). Effect of mandatory adoption of international financial reporting standard (Ifrs) on supply chain management: A case of indonesian dairy industry. Uncertain Supply Chain Management, 7(2), 169–178. https://doi.org/10.5267/j.uscm.2018.10.008
Sylvia. (2018). Public interest and accrual accounting: are they aligned? Journal of Accounting and Organizational Change, 14(4), 366–380. https://doi.org/10.1108/JAOC-10-2017-0094
Ulum, I. (2017). Intellectual Capital: Model Pengukuran, Framework Pengungkapan& Kinerja Organisasi. UMMPress.
Wardhani, R. (2019). The role of audit quality on market consequences of voluntary disclosure: Evidence from East Asia. Asian Review of Accounting, 27(3), 373–400. https://doi.org/10.1108/ARA-03-2018-0083
Yuniarti, E., & Sulaimawan, D. (2022). Analisis Penerapan Standar Akuntansi Keuangan Koperasi Dalam Rangka Meningkatkan Kualitas Informasi Keuangan (Studi Kasus Pada KPRI Bhakti Husada Lampung Selatan). Jurnal Ilmu Manajemen Saburai (JIMS), 8(2), 183–196. https://doi.org/10.24967/jmb.v8i2.1942
Copyright (c) 2025 Alfian Mirza Syabani, Siti Kustinah
This work is licensed under a Creative Commons Attribution 4.0 International License.
.png)
.png)
.png)
.png)
