IDEAS home Printed from https://ideas.repec.org/a/hur/ijarbs/v4y2014i12p69-82.html
   My bibliography  Save this article

The Relevance of Accounting Records in Small Scale Business: The Nigerian Experience

Author

Listed:
  • Raymond A. Ezejiofor
  • Ezenyirimba Emmanuel
  • Moses C. Olise

Abstract

This study was carried out to determine the contributions of accounting records in efficient performance of small scale business. Two hypotheses were formulated in line with the objectives of the study. Survey method was adopted and data were collected through the use of questionnaire. Data generated were analyzed with means, standard deviation and weighted value and the hypotheses formulated were tested using Z-test statistical technique. The study found The training of accountants by these institution and the various professional institutes should focus more on practical means of solving accounts reporting needs of small and medium scale enterprises; and that government should provide adequate financial assistance, this is because if there is adequate financial support, more unemployed Nigerians will engage in small scale enterprises thereby gain their means of living easily than looking for unavailable while collar job. The researchers recommend that the training of accountants by these institution and the various professional institutes should focus more on practical means of solving accounts reporting needs of small and medium scale enterprises; and that government should provide adequate financial assistance, this is because if there is adequate financial support, more unemployed Nigerians will engage in small scale enterprises thereby gain their means of living easily than looking for unavailable while collar job.

Suggested Citation

  • Raymond A. Ezejiofor & Ezenyirimba Emmanuel & Moses C. Olise, 2014. "The Relevance of Accounting Records in Small Scale Business: The Nigerian Experience," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(12), pages 69-82, December.
    • Handle: RePEc:hur:ijarbs:v:4:y:2014:i:12:p:69-82
    as

    Download full text from publisher

    File URL: http://hrmars.com/hrmars_papers/The_relevance_of_accounting_records_in_Small_Scale_Business_The_Nigerian_Experience.pdf
    Download Restriction: no
    File URL: http://hrmars.com/hrmars_papers/The_relevance_of_accounting_records_in_Small_Scale_Business_The_Nigerian_Experience.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Blackwood, D. L. & Lynch, R. G., 1994. "The measurement of inequality and poverty: A policy maker's guide to the literature," World Development, Elsevier, vol. 22(4), pages 567-578, April.
    2. John Victor Mensah & Michael Tribe & John Weiss, 2007. "The small-scale manufacturing sector in Ghana: a source of dynamism or of subsistence income?," Journal of International Development, John Wiley & Sons, Ltd., vol. 19(2), pages 253-273.
    3. P. Everaert & G. Sarens & J. Rommel, 2006. "Outsourcing of Accounting Tasks in SMEs: An extended TCE Model," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/409, Ghent University, Faculty of Economics and Business Administration.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Veena Babani & Gunjan Agrawal Sharma, 2015. "Adoption of GAAP: An Insight Into the Small & Medium Enterprises," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 6(3), pages 63-72, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Antonio Abatemarco & Massimo Aria & Sergio Beraldo & Michela Collaro, 2023. "Measuring Access and Inequality of Access to Health Care: a Policy-Oriented Decomposition," CSEF Working Papers 666, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    2. repec:pru:wpaper:8 is not listed on IDEAS
    3. Bernard Kwamena Cobbina Essel & Faizal Adams & Kwadwo Amankwah, 2019. "Effect of entrepreneur, firm, and institutional characteristics on small-scale firm performance in Ghana," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-20, December.
    4. Toledo-López, Arcelia & Díaz-Pichardo, René & Jiménez-Castañeda, Julio C. & Sánchez-Medina, Patricia S., 2012. "Defining success in subsistence businesses," Journal of Business Research, Elsevier, vol. 65(12), pages 1658-1664.
    5. Decaluwe, B. & Patry, A. & Savard, L. & Thorbecke, E., 1999. "Poverty Analysis Within a General Equilibrium Framework," Papers 9909, Laval - Recherche en Politique Economique.
    6. Wojan, Timothy R. & Maung, Adam C., 1998. "The Debate Over State-Level Inequality:Transparent Method, Rules of Evidence, and Empirical Power," The Review of Regional Studies, Southern Regional Science Association, vol. 28(1), pages 63-80, Summer.
    7. Decaluwé, Bernard & Patry, André & Savard, Luc, 1998. "Income Distribution, Poverty Measures and Trade Shocks: A Computable General Equilibrium Model of a Archetype Developing Country," Cahiers de recherche 9812, Université Laval - Département d'économique.
    8. Patricia Sánchez-Medina & René Díaz-Pichardo & Angélica Bautista-Cruz & Arcelia Toledo-López, 2015. "Environmental Compliance and Economic and Environmental Performance: Evidence from Handicrafts Small Businesses in Mexico," Journal of Business Ethics, Springer, vol. 126(3), pages 381-393, February.
    9. Nuno Crespo & Sandrina B. Moreira & Nadia Simoes, 2015. "Integrated Approach for the Measurement of Inequality, Poverty, and Richness," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 62(5), pages 531-555.
    10. Toledo, Arcelia & Hernández, José de la Paz & Griffin, Denis, 2010. "Incentives and the growth of Oaxacan subsistence businesses," Journal of Business Research, Elsevier, vol. 63(6), pages 630-638, June.
    11. repec:ebl:ecbull:v:9:y:2003:i:2:p:1-10 is not listed on IDEAS
    12. Salvatore Flavio Pileggi, 2023. "Walking Together Indicator (WTI): Understanding and Measuring World Inequality," Sustainability, MDPI, vol. 15(6), pages 1-16, March.
    13. AGENOR Pierre-Richard & IZQUIERDO Alejandro & FOFACK Hippolyte, 2010. "IMMPA: A Quantitative Macroeconomic Framework for the Analysis of Poverty Reduction Strategies," EcoMod2003 330700003, EcoMod.
    14. Hanjra, Munir A. & Ferede, Tadele & Gutta, Debel Gemechu, 2009. "Pathways to breaking the poverty trap in Ethiopia: Investments in agricultural water, education, and markets," Agricultural Water Management, Elsevier, vol. 96(11), pages 1596-1604, November.
    15. Zhaojun Wang & Amanda M. Countryman & James J. Corbett & Mandana Saebi, 2021. "Economic and environmental impacts of ballast water management on Small Island Developing States and Least Developed Countries," Papers 2108.13315, arXiv.org.
    16. Roy Brouwer & Sonia Akter & Luke Brander & Enamul Haque, 2007. "Socioeconomic Vulnerability and Adaptation to Environmental Risk: A Case Study of Climate Change and Flooding in Bangladesh," Risk Analysis, John Wiley & Sons, vol. 27(2), pages 313-326, April.
    17. Peters, Jörg & Vance, Colin & Harsdorff, Marek, 2011. "Grid Extension in Rural Benin: Micro-Manufacturers and the Electrification Trap," World Development, Elsevier, vol. 39(5), pages 773-783, May.
    18. Sreenivasan Subramanian, 2004. "Indicators of Inequality and Poverty," WIDER Working Paper Series RP2004-25, World Institute for Development Economic Research (UNU-WIDER).
    19. Mazhindu Kenneth & Mafuba Grayzina, 2013. "The Adoption of International Financial Reporting Standards for Small to Medium Enterprises in Zimbabwe," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 3(11), pages 2315-2349, November.
    20. Obi Berko Obeng Damoah & Augustine Awuah Peprah, 2021. "Synthesis of small and medium enterprise research in Ghana," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 451-468, December.
    21. Neil Adger, W., 1999. "Social Vulnerability to Climate Change and Extremes in Coastal Vietnam," World Development, Elsevier, vol. 27(2), pages 249-269, February.
    22. Tweneboah Senzu, Emmanuel & Ndebugri, Haruna, 2018. "Examining business performance of micro, small and medium scale enterprise through accounting records keeping; case study in Ghana," MPRA Paper 84022, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hur:ijarbs:v:4:y:2014:i:12:p:69-82. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hassan Danial Aslam (email available below). General contact details of provider: http://hrmars.com/index.php/pages/detail/IJARBSS .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.