EVALUASI KELAYAKAN INVESTASI AKTIVA TETAP MELALUI PENDEKATAN CAPITAL BUDGETING PADA UMKM TANDI’S BAKERY HOMEMADE

Asep Agum Nurjamaluloh ; Devina Widyarini ; Ilham Muhammad Akbar ; Putri Nabila ; Syifa Annisa Syahra ; Veliza Qurrata Ayuni ; Novia Rahmawati
Jurnal Akuntansi dan Manajemen Bisnis 📅 2025 Vol 5, No 1
Abstract
This study aims to evaluate the feasibility of fixed asset investment in Tandi's Bakery Homemade MSMEs using the capital budgeting method. The background is the low level of financial literacy and the lack of use of formal investment analysis in MSMEs which can hinder business development. This study employs a case study method with a qualitative approach conducted through operational observations, interviews with owners, and analysis of financial statements such as balance sheets, income statements, and cash flows. Investment evaluation was conducted using four main methods, which are Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period (PP), and Profitability Index (PI). The results showed a positive NPV of IDR 34.705.285, IRR of 15,62% which is higher than the 6% discount rate, PP of less than 3 years, and PI of 1,34 (>1), so the investment was declared feasible. Cash flow and profit and loss projections also show increased profitability and operational efficiency. This finding confirms the importance of capital budgeting in MSME investment decision-making and recommends increased financial literacy and technical assistance to support business sustainability.
Keywords
Capital Budgeting; MSME; Investment
How to Cite

Asep Agum Nurjamaluloh, et al. (2025). EVALUASI KELAYAKAN INVESTASI AKTIVA TETAP MELALUI PENDEKATAN CAPITAL BUDGETING PADA UMKM TANDI’S BAKERY HOMEMADE. Jurnal Akuntansi dan Manajemen Bisnis, 5(1).

Asep Agum Nurjamaluloh; Devina Widyarini; Ilham Muhammad Akbar; Putri Nabila; Syifa Annisa Syahra; Veliza Qurrata Ayuni; Novia Rahmawati, "EVALUASI KELAYAKAN INVESTASI AKTIVA TETAP MELALUI PENDEKATAN CAPITAL BUDGETING PADA UMKM TANDI’S BAKERY HOMEMADE," Jurnal Akuntansi dan Manajemen Bisnis, vol. 5, no. 1, 2025.

Asep Agum Nurjamaluloh; Devina Widyarini; Ilham Muhammad Akbar; Putri Nabila; Syifa Annisa Syahra; Veliza Qurrata Ayuni; Novia Rahmawati. "EVALUASI KELAYAKAN INVESTASI AKTIVA TETAP MELALUI PENDEKATAN CAPITAL BUDGETING PADA UMKM TANDI’S BAKERY HOMEMADE." Jurnal Akuntansi dan Manajemen Bisnis, vol. 5, no. 1, 2025.

Asep Agum Nurjamaluloh; Devina Widyarini; Ilham Muhammad Akbar; Putri Nabila; Syifa Annisa Syahra; Veliza Qurrata Ayuni; Novia Rahmawati. "EVALUASI KELAYAKAN INVESTASI AKTIVA TETAP MELALUI PENDEKATAN CAPITAL BUDGETING PADA UMKM TANDI’S BAKERY HOMEMADE." Jurnal Akuntansi dan Manajemen Bisnis 5, no. 1 (2025).

Asep Agum Nurjamaluloh, et al. (2025) 'EVALUASI KELAYAKAN INVESTASI AKTIVA TETAP MELALUI PENDEKATAN CAPITAL BUDGETING PADA UMKM TANDI’S BAKERY HOMEMADE', Jurnal Akuntansi dan Manajemen Bisnis, 5(1).

Asep Agum Nurjamaluloh; Devina Widyarini; Ilham Muhammad Akbar; Putri Nabila; Syifa Annisa Syahra; Veliza Qurrata Ayuni; Novia Rahmawati. EVALUASI KELAYAKAN INVESTASI AKTIVA TETAP MELALUI PENDEKATAN CAPITAL BUDGETING PADA UMKM TANDI’S BAKERY HOMEMADE. Jurnal Akuntansi dan Manajemen Bisnis. 2025;5(1).

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