EAS Publisher | The Implementation of Financial and Non-Financial Sized Based Approach to Balanced Scorecard as a Measure of Performance Assessment of Smes in Banda Aceh, Indonesia

The Implementation of Financial and Non-Financial Sized Based Approach to Balanced Scorecard as a Measure of Performance Assessment of Smes in Banda Aceh, Indonesia

DOI : https://doi.org/10.36349/easjebm.2019.v02i12.013

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This study is aimed at determine the implementation of financial and non-financial measurement based on the balanced scorecard (BSC) as a measure of performance of SMEs in Banda Aceh, as well as threats at its implementation. The design of this study uses qualitative-descriptive approach. The results of the study found that in the financial perspective, SMEs had implemented BSC to measure its financial performance. This is evidenced by the fact that owners of SMEs are already prepare financial statement in accordance with SAK-ETAP consisting of balance sheet, statement of owner equity, statements of cash flow, and notes to financial statements. In non-financial perspective consisting of customers, internal business processes, and the growth and learning of measurements also indirectly bee applied by SMEs in Banda Aceh. Some of the factors inhibiting the implementation of financial and non-financial performance based on the BSC the lack of knowledge of SMEs owners regarding may include the BSC concept, the absence of time available for formal performance assessment, there is no system the form of software and limited capital resources.

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