Changes in income of Micro, Small, and Medium-sized Enterprise (MSME) actors in the Pahlawan Village, Tanjung Tiram Sub-District: An analysis of determinants

The growing number of micro, small, and medium-sized enterprises (MSMEs) in Pahlawan village, Coal Regency today necessitates a thorough familiarity with the Financial Accounting Standards of Micro, Small, and Medium Entities (SAK EMKM) in the Pahlawan village community of Coal Regency North Sumatra to ensure the smooth operation of businesses and the availability of reliable information for informed decision making. Financial statements generated in accordance with SAK EMKM would produce accurate and relevant financial statements, easy to comprehend, and can be compared with other comparable companies, allowing MSME participants to learn about the financial performance of their business activities. As a business development perk, SAK EMKM helps micro, small, and medium-sized enterprise (MSME) players more easily get financing from creditors as a business capital enhancer. Most functional SMEs continue to ignore widespread accounting norms in favor of more archaic practices. People in charge of small and medium-sized enterprises (SMEs) and the general public still believe that the lack of SAK EMKM will not have any effect on their business.