Evaluation of Suitability of the Implementation of Accounting Standards for Small Business ( SAK ETAP) and the Quality of Financial Reporting and Its Effect on Creative Industry's Business Performance in Jambi Province

Abstract

This study aims to analyze the suitability of the implementation of accounting standards for small business (SAK ETAP) and the quality of financial reporting of creative industry companies in Jambi Province. The data of this study is obtained from the questionnaires and interview. The results showed that the understanding and the quality of the corporate financial reporting was still low. The greater the company, the better the quality of its financial reporting and the higher the level of suitability with SAK ETAP and the better its business performance. The implementation of SAK ETAP in the creative industry in Jambi Province is very low due to low accounting knowledge and assistance from government and related parties.

Keywords: Small Business Accounting Standards, Financial Reporting Quality

JEL Classification: M41