PORTALJABAR, BANDUNG CITY - Strengthening governance is a crucial requirement for cooperatives to ensure their members can enjoy sustainable benefits. Therefore, the West Java Provincial Cooperatives and Small Business Office facilitated the preparation of cooperative financial reports in accordance with the implementation of the Private Entity Financial Accounting Standards (SAK EP) on Wednesday (August 26, 2026).

The event, held in the Bung Hatta Hall of the West Java Cooperatives and Cooperation Office, was attended by 50 cooperatives. Cooperative administrators and supervisors gained an understanding of preparing standardized financial reports, thereby improving the orderliness of financial management in their respective cooperatives.

For cooperative members, financial reports are more than just an administrative obligation. Reports prepared in a transparent and accountable manner can help management understand business conditions, serve as evaluation materials, and provide members with clearer information about cooperative management.

The Secretary of the West Java Province Cooperatives and Small Business Office, Tatang Suryana, said that good financial management will help cooperatives make decisions based on actual business conditions.

"Cooperatives are expected to be able to produce transparent, accountable, and reliable financial reports as a basis for making appropriate decisions," said Tatang in his remarks.

According to him, understanding accounting standards is also important so that administrators and supervisors can immediately adjust financial management in their respective cooperatives.

"I encourage all cooperative administrators and supervisors present today to make the most of this forum. Gather as much information as possible from the speakers and follow up immediately within your respective cooperatives to ensure that financial reporting meets the new standards," he said.

In this activity, participants received training from the Indonesian Accountants Association (IAI) West Java Region.

The material includes changes in accounting standards from SAK ETAP to SAK EP in cooperative entities, the application of accounting transaction treatment based on SAK EP, and the mechanism for preparing cooperative financial reports according to these standards.

It is hoped that this understanding will not stop at training activities but can be applied to the day-to-day management of the cooperative. With more organized financial reporting, administrators can have a clearer picture of the business's condition, while members receive more reliable information regarding the management of their cooperative.

Ultimately, strengthening the capacity of managers and supervisors through an understanding of SAK EP is expected to contribute to building healthier, more transparent, and more trustworthy cooperatives, so that the economic benefits of cooperatives can continue to be felt by members and the communities they serve.

(West Java Communications and Information Service/Agustin Purnawan)