Proceedings of the 4th International Conference on Accounting, Management, and Economics, ICAME 2019, 25 October 2019, Makassar, Indonesia

Research Article

Baruga Kare Guesthouse Makassar Financial Reporting System Based on FASS of MSMEs

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  • @INPROCEEDINGS{10.4108/eai.25-10-2019.2295384,
        author={Yulianus Sampe and Grace T Pontoh and Robert Jao},
        title={Baruga Kare Guesthouse Makassar Financial Reporting System Based on  FASS of MSMEs},
        proceedings={Proceedings of the 4th International Conference on Accounting, Management, and Economics, ICAME 2019, 25 October 2019, Makassar, Indonesia},
        publisher={EAI},
        proceedings_a={ICAME},
        year={2020},
        month={6},
        keywords={accounting cycles reporting techniques guesthouse smes},
        doi={10.4108/eai.25-10-2019.2295384}
    }
    
  • Yulianus Sampe
    Grace T Pontoh
    Robert Jao
    Year: 2020
    Baruga Kare Guesthouse Makassar Financial Reporting System Based on FASS of MSMEs
    ICAME
    EAI
    DOI: 10.4108/eai.25-10-2019.2295384
Yulianus Sampe1, Grace T Pontoh1,*, Robert Jao2
  • 1: Universitas Hasanuddin, Makassar
  • 2: Universitas Atmajaya
*Contact email: gracetpontoh@fe.unhas.ac.id

Abstract

The purpose of this study is to analyze the implementation of the Financial Accounting Standard System (FASS) cycle for Micro, Small, and Medium (MSMEs) entities using Wisma Kare Guesthouse as a case. Data were collected using observation and financial reporting document examination. It is found that financial documents were still very limited. The financial report only records cash for a month without proper debit – credit allocation for each transaction. This is a case study in a small guesthouse in the Indonesian cultural context. It needs more verification from other similar enterprises. The practical implication is an accounting report system in small business entities are still need more attention. Social implications of this study are that in order to contribute optimally for economic development, accounting system for small business in accommodation still need to be developed. The paper includes guidelines for implementing the Indonesian Accounting Standard system and relevant.