IDEAS home Printed from https://ideas.repec.org/a/hur/ijarbs/v4y2014i1p1-17.html
   My bibliography  Save this article

The Analysis of the impact of Accounting Records Keeping on the Performance of the Small Scale Enterprises

Author

Listed:
  • Onaolapo Adekunle Abdul-Rahamon
  • Adegbite Tajudeen Adejare

Abstract

This survey empirically investigates the effect of accounting records keeping on Small scale enterprises. In line with the objectives of this study, a descriptive design such as personal interviews and questionnaire were employed as the major techniques for primary data collection. Data collected were analyzed using both the qualitative and quantitative methods. The descriptive statistics used were tables and percentages. Chi-square and analysis of variance (ANOVA) were employed to analyze data through STATA 10 version with the coefficient of determination (R2) 0.8974 which implied that 89.7% of the variation in financial performance could be explained by the level of accounting records keeping. Following the outcome of this study, it is therefore concluded that that there is a strong positive relationship between accounting records keeping and performance of small scale enterprises. Accounting records keeping is essential for decision making which invariably affects performance of small scale enterprises. It is recommended that the owners and managers of the small scale enterprises should embrace proper accounting records keeping practices for effective financial performance in their business.

Suggested Citation

  • Onaolapo Adekunle Abdul-Rahamon & Adegbite Tajudeen Adejare, 2014. "The Analysis of the impact of Accounting Records Keeping on the Performance of the Small Scale Enterprises," 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(1), pages 1-17, January.
    • Handle: RePEc:hur:ijarbs:v:4:y:2014:i:1:p:1-17
    as

    Download full text from publisher

    File URL: http://hrmars.com/hrmars_papers/The_Analysis_of_the_impact_of_Accounting_Records_Keeping_on_the_Performance_of_the_Small_Scale_Enterprises3.pdf
    Download Restriction: no
    File URL: http://hrmars.com/hrmars_papers/The_Analysis_of_the_impact_of_Accounting_Records_Keeping_on_the_Performance_of_the_Small_Scale_Enterprises3.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bititci, U. S. & Suwignjo, P. & Carrie, A. S., 2001. "Strategy management through quantitative modelling of performance measurement systems," International Journal of Production Economics, Elsevier, vol. 69(1), pages 15-22, January.
    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. Shanika Thathsarani & Wei Jianguo & Mona Alariqi, 2023. "How Do Demand, Supply, and Institutional Factors Influence SME Financial Inclusion: A Developing Country Perspective," SAGE Open, , vol. 13(3), pages 21582440231, July.
    2. Hayelom Abrha Meressa, 2020. "Growth of micro and small scale enterprises and its driving factors: empirical evidence from entrepreneurs in emerging region of Ethiopia," Journal of Innovation and Entrepreneurship, Springer, vol. 9(1), pages 1-22, December.
    3. Lawrence Collins Kihamaiso Mwebesa & Catherine Kansiime & Benon B. Asiimwe & Paddy Mugambe & Innocent B. Rwego, 2018. "The Effect of Financial Record Keeping on Financial Performance of Development Groups in Rural Areas of Western Uganda," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 10(4), pages 136-145, April.
    4. Wondmagegn Biru Mamo, 2023. "Growth Determinants of Micro and Small Enterprises (MSEs): Evidence from Entrepreneurs in the Eastern Region of Ethiopia," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(1), pages 138-160, March.
    5. Eliana Wulandari & Tuti Karyani & Ernah & Raden Trizaldi Prima Alamsyah, 2023. "What Makes Farmers Record Farm Financial Transactions? Empirical Evidence from Potato Farmers in Indonesia," IJFS, MDPI, vol. 11(1), pages 1-11, January.
    6. Clement Mintah & Mohamed Gabir & Felicia Aloo & Elvis Kwame Ofori, 2022. "Do business records management affect business growth?," PLOS ONE, Public Library of Science, vol. 17(3), pages 1-21, March.
    7. David Nii O. Tackie & Khali N. Jones & Francisca A. Quarcoo & Gwen J. Johnson & Jeffrey Moore & Alphonso Elliott, 2024. "Effects of Selected Characteristics on General and Financial Record Keeping Practices of Small Producers in South Central Alabama," Journal of Agricultural Science, Canadian Center of Science and Education, vol. 14(7), pages 1-15, April.
    8. L. Sooriyakumaran & Dr. S. S. Thrikawala & C. Pathirawasam, 2022. "A Study Between the Association of Financial Management Practices and Performance of Small and Medium Enterprises (SMEs) Background: A Working Paper," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(1), pages 166-179, January.

    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. Silvestro, Rhian, 2014. "Performance topology mapping: understanding the drivers of performance," International Journal of Production Economics, Elsevier, vol. 156(C), pages 269-282.
    2. Giachetti, Ronald E. & Martinez, Luis D. & Saenz, Oscar A. & Chen, Chin-Sheng, 2003. "Analysis of the structural measures of flexibility and agility using a measurement theoretical framework," International Journal of Production Economics, Elsevier, vol. 86(1), pages 47-62, October.
    3. Quezada, Luis E. & Cordova, Felisa M. & Palominos, Pedro & Godoy, Katherine & Ross, Jocelyn, 2009. "Method for identifying strategic objectives in strategy maps," International Journal of Production Economics, Elsevier, vol. 122(1), pages 492-500, November.
    4. Chung, Shu-Hsing & Lee, Amy H. I. & Pearn, W. L., 2005. "Analytic network process (ANP) approach for product mix planning in semiconductor fabricator," International Journal of Production Economics, Elsevier, vol. 96(1), pages 15-36, April.
    5. Flávio Cunha & José Dinis-Carvalho & Rui M. Sousa, 2024. "Assessment of Performance Measurement Systems’ Ability to Mitigate or Eliminate Typical Barriers Compromising Organisational Sustainability," Sustainability, MDPI, vol. 16(5), pages 1-16, March.
    6. Mistry, Jamshed & Sarkis, Joseph & Dhavale, Dileep G., 2014. "Multi-criteria analysis using latent class cluster ranking: An investigation into corporate resiliency," International Journal of Production Economics, Elsevier, vol. 148(C), pages 1-13.
    7. Vaidya, Omkarprasad S. & Kumar, Sushil, 2006. "Analytic hierarchy process: An overview of applications," European Journal of Operational Research, Elsevier, vol. 169(1), pages 1-29, February.
    8. L. Berrah & V. Clivillé & J. Montmain & G. Mauris, 2019. "The Contribution concept for the control of a manufacturing multi-criteria performance improvement," Journal of Intelligent Manufacturing, Springer, vol. 30(1), pages 47-58, January.
    9. Braz, Renata Gomes Frutuoso & Scavarda, Luiz Felipe & Martins, Roberto Antonio, 2011. "Reviewing and improving performance measurement systems: An action research," International Journal of Production Economics, Elsevier, vol. 133(2), pages 751-760, October.
    10. Md Sajjad Hosain, 2019. "The Impact of Accounting Information System on Organizational Performance: Evidence from Bangladeshi Small & Medium Enterprises," Journal of Asian Business Strategy, Asian Economic and Social Society, vol. 9(2), pages 133-147, December.
    11. Valérie Neyns & Laurent Karsenty, 2013. "How do you control performance while maintaining trust-based relationships? [Comment contrôler la performance tout en préservant des relations de confiance ?]," Post-Print hal-04464246, HAL.
    12. Sarkis, Joseph, 2003. "Quantitative models for performance measurement systems--alternate considerations," International Journal of Production Economics, Elsevier, vol. 86(1), pages 81-90, October.
    13. Kim, Soo Wook, 2007. "Organizational structures and the performance of supply chain management," International Journal of Production Economics, Elsevier, vol. 106(2), pages 323-345, April.
    14. VAN CAMP, Jelle & BRAET, Johan, 2013. "Proposing a taxonomy for performance measurement systems' failures," Working Papers 2013004, University of Antwerp, Faculty of Business and Economics.
    15. Emre Akyuz & Hristos Karahalios & Metin Celik, 2015. "Assessment of the maritime labour convention compliance using balanced scorecard and analytic hierarchy process approach," Maritime Policy & Management, Taylor & Francis Journals, vol. 42(2), pages 145-162, February.
    16. Cliville, Vincent & Berrah, Lamia & Mauris, Gilles, 2007. "Quantitative expression and aggregation of performance measurements based on the MACBETH multi-criteria method," International Journal of Production Economics, Elsevier, vol. 105(1), pages 171-189, January.
    17. Brent, Alan C. & Rogers, David E.C. & Ramabitsa-Siimane, Tsaletseng S.M. & Rohwer, Mark B., 2007. "Application of the analytical hierarchy process to establish health care waste management systems that minimise infection risks in developing countries," European Journal of Operational Research, Elsevier, vol. 181(1), pages 403-424, August.
    18. S P Santos & V Belton & S Howick, 2008. "Enhanced performance measurement using OR: a case study," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 59(6), pages 762-775, June.
    19. da Silveira, Giovani J. C., 2005. "Improving trade-offs in manufacturing: Method and illustration," International Journal of Production Economics, Elsevier, vol. 95(1), pages 27-38, January.

    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:1:p:1-17. 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.