Key Features:
- No of Pages: 84
- No of Chapters: 5
- Tables
Abstract:
Abstract
This study investigated accounting skills needed for effective management of small scale enterprises in Oshimili South Local Government Area, Delta State. Four research questions guided the study. The research adopted the survey design approach. The population of the study comprised personnel in accounting departments and operators/owners of small scale enterprises in the area of the study. a total of forty-two (42) sample was selected using a simple random sampling technique. Questionnaire was used as instrument for data collection which consisted a 20-item on a 4-point scale. Mean and standard deviation were used to analyse data collected. The findings of the study revealed that Microsoft Excel, Peachtree and other fundamental accounting skills are needed by small scale enterprises together with the benefits accruable to firms that acquire these skills. Based on the findings of the study, the study recommends that most of the accounting skills are needed to enhance this business enterprises acumen and improve their profit margin. These skills are relevant for successful management of small scale enterprises. Also these needed accounting skills do not differ significantly with the skills required by large enterprises. The paper concludes that the acquisition of accounting skills by owners of small scale enterprises is of utmost importance given the numerous contributions that are inherently accruable to owners and operators of small scale enterprises. The paper recommends massive and regular training of the owners and operators of SMEs nationwide on the accounting and business.
Table of Content:
Preliminary Pages
Title Page i
Certification ii
Dedication iii
Acknowledgements iv
Table of Contents v
List of Tables vi
Abstract ix
CHAPTER ONE
INTRODUCTION
1.1 Background to the Study 1
1.2 Statement of the Problem 5
1.3 Purpose of the Study 7
1.4 Research Questions 7
1.5 Significance of the Study 8
1.6 Scope of the Study 8
1.7 Operational Definition of Terms 9
CHAPTER TWO
REIVEW OF RELATED LITERATURE
2.1 An Overview of SMEs 11
2.2 The Need for Accounting Skills for Successful Management 15
2.3 Users of Financial Information Relating to a Business 19
2.4 The Importance of Accounting Knowledge 22
2.5 Financial Statement Definition 22
2.6 The Objective of Financial Management 23
2.7 The Assumption of Financial Statements 24
2.8 Qualitative Characteristics of Financial Statement 25
2.9 The Modern or Computerized Accounting Skills required
by Small Scale Sector 27
2.10 Manual Accounting Skills Required by other Entities in the
Small Sector 29
2.11 Analysis of Financial Statement 44
CHAPTER THREE
METHODOLOGY
3.1 Design of the Study 46
3.2 Population of the Study 47
3.3 Sample and Sampling Technique 47
3.4 Instrument for Data Collection 48
3.5 Validation of the Instrument 49
3.6 Reliability of the Instrument 49
3.7 Method of Data Collection 50
3.8 Method of Data Analysis 50
CHAPTER FOUR
DATA ANALYSIS AND DISCUSSION OF RESULTS
4.1 Data Analysis 52
4.2 Major Findings of the Study
4.2 Discussion of Results 59
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary 62
5.2 Conclusion 64
5.3 Recommendations 64
5.4 Contribution to Knowledge 65
5.5 Limitations of the Study 66
5.5 Suggestions for Further Research 66
References 68
Appendices 72
LIST OF TABLES
1. Gender Distribution of the Respondents 52
2. Number of Years of Establishment 53
3. Educational Qualification of Respondents 54
4. Mean Response Scores of Respondents on the Microsoft Excel Accounting
Skills needed for Effective Management . 55
5. Mean Response Scores of Peachtree Accounting Skills needed for Effective Management. 56
6. Mean Response Score of Respondents on the Fundamental Accounting Skills needed 57
7. Mean Response Scores of Benefits of Accounting Skills 58
Introduction:
Small scale enterprises have been adjudged to act as catalyst in the economic development of any country. Small and Medium Scale Enterprises (SMEs) have been described as possessing great potential for employment generation, improvement of local technology, output diversification, development of indigenous entrepreneurship and forward integration with large scale industries (CBN, 2011). SME can be defined based on certain criteria including, turnover, number of employees, profit, capital employed, available finance, market share and relative size within the industry. The definition can be based on either some quantitative or qualitative variables. The SME sector comprises very different types of businesses across a wide range of economic sectors. There are essentially two categories: those that are growth-oriented, and those small and micro enterprises that operate at the subsistence level to provide employment and income mainly for their owners and a relatively small number of external employees. Subsistence enterprises represent the vast majority of SMEs in developing countries.
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