Influencing Factors on the Quality of Financial Statements in Micro, Small, and Medium Enterprises: Accounting Understanding and Work Experience

Najifaturrahmi Najifaturrahmi; Siti Aisyah

doi:10.37641/jimkes.v11i2.2136

Authors

Najifaturrahmi Najifaturrahmi Department of Accountancy, Faculty of Economics and Business, Universitas Potensi Utama, Medan, Indonesia
Siti Aisyah Department of Accountancy, Faculty of Economics and Business, Universitas Potensi Utama, Medan, Indonesia

DOI:

https://doi.org/10.37641/jimkes.v11i2.2136

Keywords:

Accounting Understanding, Work Experience, Financial Statements, Micro, Small, and Medium Enterprises (MSMEs), Medan Deli

Abstract

This study aims to determine the effect of accounting understanding and work experience on the quality of financial statements, focusing on a case study of Micro, Small, and Medium Enterprises (MSMEs) in the Medan Deli Region registered at the Cooperative Service. The research, conducted in the Medan Deli District, employed quantitative methods. It specifically targeted MSMEs registered at the Cooperative Office in 2022, comprising a population of 1825 MSMEs in Medan City, with a sample size of 70 respondents. Data collection techniques involved a comprehensive literature review and the distribution of questionnaires. The analysis methods included statistical analysis techniques and multiple linear regression analysis, employed to test the effect at the 5% significance level. The t-test was applied to determine the partial effect of accounting knowledge and work experience on the quality of financial statements, while the f-test assessed the simultaneous effect of independent variables on dependent ones. The study's results indicate that accounting knowledge and work experience positively and significantly influence the quality of financial statements. The findings confirm that accounting knowledge and work experience concurrently impact the quality of financial statements.

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