EMPOWERMENT OF COOPERATIVES AND MSMEs IN BOGOR CITY BASED ON COOPERATIVE ACCOUNTING AND CAPITAL PLANNING

The purpose of this study was to determine the accounting ability, particularly in financial management, preparation of financial statements, and capital planning and management, of the cooperative and MSME’s management/businessmen in Bogor City. Cooperatives and MSMEs in Bogor were the object of this study. A quantitatively descriptive approach was used. Sampling was done by using a purposive sampling and simple random sampling method. A total of 163 cooperatives and 379 SMEs were selected as samples. Data were analysed by using the multiple linear regression. Results showed that there was a simultaneous and partial effect of cooperative accounting and capital planning on the success of the empowerment of cooperatives in Bogor. As for the MSME entrepreneurs, it was found that many of them still did not understand how to create financial statements and to make good capital planning. Therefore, a sustainable empowerment from the government institutions through trainings, mentoring, and capital assistance was required