First stage evaluation of ISSuFiRs: Partners’ Financial Report Monitoring System by Islamic Financial Cooperatives (BMT) in Indonesia
Most MSMEs, especially micro-enterprises, do not have good business accounting records, making it difficult for owners/managers to measure the profitability of their companies. Internal control management has a significant influence in reducing fraud in Micro Enterprises. The more principles-bas...
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| Main Authors: | , , , , |
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
EDP Sciences
2023
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/110250/7/110250_First%20Stage%20Evaluation%20of%20ISSuFiRs.pdf http://irep.iium.edu.my/110250/13/110250_First%20stage%20evaluation%20of%20ISSuFiRs%20Partners%E2%80%99%20Financial%20Report%20Monitoring%20System%20by%20Islamic%20Financial%20Cooperatives%20BMT%20in%20Indonesia_Scopus.pdf http://irep.iium.edu.my/110250/ https://icenso.umy.ac.id/2023/ https://doi.org/10.1051/e3sconf/202344006007 |
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| Summary: | Most MSMEs, especially micro-enterprises, do not have good business
accounting records, making it difficult for owners/managers to measure the
profitability of their companies. Internal control management has a
significant influence in reducing fraud in Micro Enterprises. The more
principles-based accounting rules, the shorter the delay in annual reporting
disclosures. It is important to have a good financial reporting system that
can be utilized by Micro Enterprises and its cooperation partners who
provide and distribute funds. ISSuFiRs is a web-based application that
enables Islamic Financial Cooperatives to track the business progress of
their financing partners. With this application, micro businesses can
disclose their business activities in these financial records in accordance
with the SAK-ETAP national accounting standards. Reporting on this
system includes balance sheet, profit and loss, cash flow, sources, use of
ZIS funds, and comments on financial reports. This study presents a
prototyping framework that enables user value perception, evaluation, and
continuous improvement of ISSuFiR design quality through co-creation
methods. It is hoped that a simple and effective financial reporting system,
ISSuFiRs, will be useful for Micro Enterprises and Islamic Financial
Cooperatives to monitor business developments. This study proposes a
prototyping framework that enables the user's perception of value. The
framework is expected to be implemented in industrial product service
systems, evaluated and then concluded. This research is ongoing, with a
new prototype being rebuilt based on the evaluation results |
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