Accounting System and Entrepreneurial Performance of Selected Small and Medium Scale Enterprises in Nigeria

Reference code: C079

ABSTRACT

This study examined accounting system and entrepreneurial performance in Rivers State. Data was collected from small and medium scale enterprises in Rivers State. The statistical tools used in analyzing the data were the simple percentage and frequency tables, and the Pearson Correlation Coefficient. The result revealed that there is significant relationship between accounting system and the growth of small and medium scale enterprises in Rivers State. Also, it was found that positive significant relationship exists between accounting system and the profitability of firms. Hence it is concluded that effective accounting system enhance entrepreneurial growth and reduces errors in transaction. Therefore, it is recommended that small and medium scale firms in the Niger Delta should establish sound and efficient accounting system in their organization as it would enhance the growth of the company. 

BACKGROUND TO THE STUDY

........... Accounting system is an integral part of every business organisation. Hence, its importance to the growth of entrepreneurial firms in Nigeria cannot be overemphasized. Entrepreneurial business venture such as small scale firms engage in numerous transactions that affects the financial status of the business. 

The nature of these transactions makes it humanly impossible to trust all or any of them to memory. It makes sense therefore that proper accounting records are kept of these transactions so that at any point in time, a reference can be made to the financial standing of the business entity. Cook (2007:4) opines that any businessman who does not keep proper accounts will face unforeseen problems such as over taxation, overdrawing of cash for personal use, inability to control credit, inability to make profitable plans and inability to employ the resources of the firm effectively. Therefore, an effective accounting system is highly necessary in all entrepreneurial firms. No firm can do without an accounting system (Cook, 2007).

Accounting system is therefore a collection of source documents, records, procedures, management policies and control, and data processing methods used to transform economic data into useful information (Moscove, 2004:2). It is also defined as a set of interrelated systems that provide financial and economic information (Potter, 2000). Thus, accounting system is an embodiment of the principles, methods and procedures relating to the financial transactions of a company (Baston, 2005). With financial transactions increasing significantly over the years, it becomes very that a well designed accounting system developed and implemented. Smith (2006:21) stated that accounting system plays two major roles in the firm: ..............

FOR ACCESS TO THE FULL PROJECT WORK, USE THE ORDER NOW! BUTTON BELOW

TABLE OF CONTENTS

CHAPTER ONE: : INTRODUCTION
1.1 BACKGROUND TO THE STUDY    1
1.2 STATEMENT OF THE PROBLEM   4
1.3 PURPOSE OF THE STUDY  6
1.4 RESEARCH QUESTIONS  6
1.5 RESEARCH HYPOTHESES  7
1.6 SIGNIFICANCE OF THE STUDY  7
1.7 SCOPE OF THE STUDY  8
1.8 LIMITATION OF THE STUDY  9
1.9 DEFINITION OF TERMS   10
1.10 ORGANIZATION OF THE STUDY    12
REFERENCES   13

CHAPTER TWO: : LITERATURE REVIEW
2.0 INTRODUCTION   14
2.1 THE NATURE OF SMALL AND MEDIUM SCALE ENTERPRISES   14
2.2 FEATURES OF SMALL AND MEDIUM SCALE ENTERPRISES   17
2.3 NATURE AND DEFINITION OF ACCOUNTING   20
2.4 IMPORTANCE OF ACCOUNTING INFORMATION    23
2.5 ACCOUNTING SYSTEM   26
2.7 IMPORTANCE OF ACCOUNTING SYSTEM IN BUSINESS FIRMS.   34
2.8 MEASUREMENT CRITERIA OF EFFICIENT ACCOUNTING SYSTEM   40
2.9 ACCOUNTING SYSTEM & ENTREPRENEURIAL GROWTH 42
REFERENCES   44

CHAPTER THREE: : RESEARCH METHODOLOGY
3.0 INTRODUCTION    46
3.1 RESEARCH DESIGN   47
3.2 SAMPLING/SAMPLE SIZE DETERMINATION
3.5 RELIABILITY AND VALIDITY   50
3.6 DATA ANALYSIS TECHNIQUE   51
REFERENCES  53

CHAPTER FOUR:
PRESENTATION AND ANALYSIS OF DATA
4.1 INTRODUCTION   55
4.1 DATA PRESENTATION  55
4.2. DATA ANALYSIS  60
4.3. TESTING OF HYPOTHESES

CHAPTER FIVE:
DISCUSSION, CONCLUSION AND RECOMMENDATIONS
5.1 INTRODUCTION  64
5.2 DISCUSSION OF FINDINGS  64
5.3 CONCLUSION  66
5.4 RECOMMENDATION   67
BIBLIOGRAPHY  69


Reference code: C079

Reference code: C079

Does this Research Project Meet Your Requirements?

Click Here to Order

See More Project Topics