Enhancing Accountability in an Alumni Community-Based Cooperative through Assistance in Preparing Financial Statements and Member Savings Records

Retno Ryani Kusumawati

doi:10.69725/csri.v1i2.345

Authors

Retno Ryani Kusumawati Faculty of Health Sciences, Universitas Bina Bangsa, Kota Serang, Indonesia 42124

DOI:

https://doi.org/10.69725/csri.v1i2.345

Keywords:

Accountability, Cooperative, Financial Reports, Member Savings Records, Mentoring

Abstract

Purpose - This community service program aims to enhance financial accountability in an alumni community-based cooperative through participatory assistance in preparing financial statements and member savings records.

Design/methodology/approach - The program employed a document-based participatory mentoring approach. The implementation stages included needs identification, document collection, review and reconciliation, financial statement preparation, member savings record development, evaluation, and document handover. The mentoring used actual cooperative records, including bank balances, receivables, investment information, prior reports, evidence of transactions, and member savings data.

Findings - The program produced comparative financial statements consisting of a statement of financial position, an income statement, a statement of changes in equity, and a cash flow statement. It also generated long-period member savings records. Several important adjustments were made, including the reclassification of cooperative funds into equity, the recognition of investment returns as a reduction of investment accounts, and the settlement of prior tax payable. The results show improved asset presentation, clearer equity structure, and more systematic member-level financial records.

Research limitations/implications - This program was conducted in one alumni community-based cooperative in Cilegon City, Indonesia, with financial information presented in aggregate to maintain partner confidentiality. Future community service programs may apply similar mentoring models to other cooperatives with different organizational scales, business activities, and reporting complexities.

Practical implications - The findings indicate that document-based and practice-oriented mentoring can strengthen administrative discipline, improve account classification, enhance report readability, and provide a stronger basis for financial accountability in member meetings and cooperative decision-making.

Originality/value - This program contributes to community service and cooperative accountability practices by demonstrating how participatory mentoring can transform existing financial documents into structured financial statements and member-level savings records that support transparency, internal control, and member-based governance.

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Author Biography

Retno Ryani Kusumawati, Faculty of Health Sciences, Universitas Bina Bangsa, Kota Serang, Indonesia 42124

Dr. Retno Ryani Kusumawati, S.Pd., M.M. is affiliated with the Faculty of Health Sciences, Universitas Bina Bangsa, Kota Serang, Indonesia. Her academic and community service interests include organizational accountability, cooperative management, financial literacy, administrative governance, and community empowerment. She is actively involved in applied academic activities that support institutional strengthening, financial administration improvement, and sustainable community-based development.

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