Paper Title :Impact Assessment Of Accounting System On The Performance Of Small And Medium Enterprises (SMES) In Bauchi Metropolis, Nigeria
Author :Mohammed Ibrahim
Article Citation :Mohammed Ibrahim ,
(2015 ) " Impact Assessment Of Accounting System On The Performance Of Small And Medium Enterprises (SMES) In Bauchi Metropolis, Nigeria " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 299-303,
Volume-1,Issue-9, Special Issue-2, Oct
Abstract : This paper is aimed at assessing the impact of accounting system on the performance of small and medium
enterprises (SMEs) in Bauchi Metropolis, Nigeria. This paper used a survey method of data collection. The population of the
study consists of all the existing sixty six (66) Small and Medium Enterprises listed on the list of registered SMEs with the
SMEs Directorate of Bauchi State Ministry of Commerce and Industry as at December, 2014 that engaged in
manufacturing/production activities only. The stratified random sampling technique was employed to arrive at the sample
size of sixty (60) SMEs from six groups (Food and Beverages, Printing/Paper Product, Metal and Aluminum Products, Non
Metallic Products, Wood and Wood Products and Farm Products). The 4 point Likert Scale ranging from 4 (Strongly
Agreed) to 1 (Strongly Disagreed) was used. The cut-off point of 2.5 was used (i.e 4+3+2+1/4), any mean above this
indicates agreement with the statement and vise-versa. The data collected were analyzed using descriptive statistics where
mean rating was used as appropriate. It was established that even though proper accounting system enhances the level of
profitability and financial strength of SMEs in Bauchi Metropolis, most of them do not keep proper accounting record. The
paper recommends that to ensure a sound accounting system, SMEs operators should compelled themselves, to employ
qualified accounting personnel, that will lead to growth and profitability of their enterprises.
Keywords- Accounting System, Financial Information. Performance, Record Keeping, Small and Medium Enterprises,
Nigeria.
Type : Research paper
Published : Volume-1,Issue-9, Special Issue-2, Oct
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-3230
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Copyright: © Institute of Research and Journals
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Published on 2015-10-30 |
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