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Accounting Information for Business Decision Making and Performance Assessment in Small and Medium Enterprises (SMEs) Accounting Information for Business Decision Making and Performance Assessment in Small and Medium Enterprises (SMEs) Kurniawati, Elisabeth Penti Kurniawan, Even Yunika Kristiani, Mira open access Accounting information is an important element for a business which is useful for business decision making and performance assessment. The accounting information is resulted from financial reporting process. However based on previous researches, not all SMEs apply accounting and do financial reporting in their business. Then how SMEs get accounting information and manage their business? This research will explain what kind of accounting information owned by SMEs and how they use it for business decision making and performance assessment. Data taken in this research were from 75 SME using convenience sampling method. Data were gathered through interview and questionnaire to the manager of SMEs in Central Java, Indonesia. The analysis technique is descriptive quantitative analysis technique. The results of this study explains that the accounting information which owned by SMEs in the form of documents, records, and reports. They have purchase and sale receipt as their document, they have record of cash inflows/ outflows and sales also they have simple operational reports, only few of them made financial statement. The results showed that most of SMEs only have cash inflows/ outflows report, it means that they can get information about Accounting Information For Business Decision Making And Performance Assessment In Small And Medium Enterprises (SMEs) 94 cash availability that usually provided by Statement of Cash Flows. However the results showed that most of SMEs do not have Income Statement, Balance Sheet, and Statement of Changes in Equity, but they can get accounting information for daily business management. Based on the research, SMEs which do not have Income Statement, they get information of profit from record of sales in comparison with record of expenses, including purchases. Some of SMEs which have only cash transaction they estimate the profit from record of receipts in comparison with record of disbursements. SMEs which do not have Balance Sheet, they get information of asset from record of cash flows, inventory and list of equipment, they also get information of liabilities from record of account payables and bank loan document. SMEs which do not have Statement of Changes in Equity, they estimate the increased equity by increased cash, inventory, equipment, as long as there is no difficulty to pay their liabilities. The accounting information owned by SMEs can be classified as statutory accounting information, budgetary information and additional accounting information. The results showed that SMEs use both, written information and unwritten information for business decision making and performance assessment. They use their memories, estimation and third party information they earn from the market, their suppliers and customers as unwritten information. Managers of SME also have other benchmarks to help them in assessing performance, such as increased of their equipment and supplies, their ability to pay debt, increased of their investment, production, and purchasing. Performance assessment in SMEs is not only measured by the financial side, but also the non-financial side, such as increased customer, fulfillment their own target/capacity, increased number of employees, increased owner welfare, customer satisfaction which is measured by increased repeating customer, increased employee benefits and employee’s performance which is measured by their attendance. Most of the SMEs do not apply double entry bookkeeping, therefore this study suggests recommends some simple basic records that must be owned by the SMEs in the form of a simple single entry bookkeeping in accordance 95 with their own account. SMEs must have at least seven accounts as their business records: (1) cash inflows/ outflows, (2) sales, (3) expenses including purchases, (4) inventory, (5) account payables, (6) account receivables, (7) list of equipment, accompanied with estimation of depreciation expenses. Record of customer order is additional record which is important for planning and production or service schedules. 国際基督教大学 2013-09-01 departmental bulletin paper https://doi.org/10.34577/00000056 https://icu.repo.nii.ac.jp/records/61 10.34577/00000056 04542134 社会科学ジャーナル 76 67 95 https://icu.repo.nii.ac.jp/record/61/files/No76Kurniawati_Kurniawan_Kristiani.pdf application/pdf 2.4 MB 2013-11-01