Computerized of International Financial Report Standard for Good Governance in Small Medium Enterpreses

Abstract

The research objective is to design a boarding school management model in accordance with the computerized of International Financial Report Standard(IFRS) approach for Small Medium Enterprises(SMEs) and Improving Boarding School Management in order to compete and have a competitive advantage in the face industry 4.0. The research method used by researchers was a descriptive analysis method and exploratory method. The type of data used was primary, secondary and observational data in Islamic boarding schools in the form of samples in data collection. The results of this study are to design a financial statement model with IFRS approach for SMEs and Improve Islamic Boarding School Governance with a good corporate governance approach to complement and have a competitive advantage in the face industry 4.0. Dynamic changes with good governance from pesantren in Indonesia in calling for modernity do not always eliminate the value of pesantren in the face of the industrial era 4.0. The financial statements based on IFRS for SMEs to be able to win the challenge by playing an ideological struggle and the sophistication of information and communication technology as well as globalization flows have caused various changes in all aspects of Islamic boarding schools in prioritizing Islamic values.