Business in The New Normal Era
Disclosure of Accounting Practice at MSMEs in Malang City
- 10.2991/aebmr.k.210717.026How to use a DOI?
- accounting, financial management, MSMEs, practice, guidelines
The Covid-19 pandemic currently requires business in various fields (including MSMEs) to adapt to the new normal life. This also has an impact on maximizing the use of accounting as the main finance media. Given the large contribution of the MSMEs activities, the owner of business should develop adequate accounting process to maintain the supervision of the business activities. Through the data collected by interviews and focus group discussions, this study describes the understanding and practice of accounting at MSMEs in Malang City. In fact, MSMEs don’t understand much about accounting and still find it difficult to practice it in financial management. This condition occurs because there are a very few guidelines that describe accounting practices in MSMEs. The results of the study suggest the need of an accounting practice model and guidelines according to the conditions of the MSME in the new normal era. The implementation of accounting is believed to be able to improve the quality of MSME financial management. Good financial management is very important, given the difficulty of a business surviving in the era of the Covid-19 pandemic
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Dhika Maha Putri AU - Slamet Fauzan AU - Masculine Muhammad Muqorobin AU - Mohd Rizal Palil PY - 2021 DA - 2021/07/19 TI - Business in The New Normal Era BT - Proceedings of 2nd Annual Management, Business and Economic Conference (AMBEC 2020) PB - Atlantis Press SP - 125 EP - 127 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210717.026 DO - 10.2991/aebmr.k.210717.026 ID - Putri2021 ER -