Empirical Evidence Examining the Accounting Information Systems and Accounting Reports of Small and Micro Business in Australia

Dyt, Robyn Elizabeth; Halabi, Abdel K.

doi:10.5172/ser.15.2.1

Cited by 25 publications

(41 citation statements)

References 1 publication

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“…Computerised accounting systems were seen as valuable as they made it easier to monitor and compare costs between different time periods. However, it was the cash at bank balance which was generally considered to be an accurate reflection of "real" performance -a finding others have also reported (Welsch and White, 1981;Khan and Rocha, 1982;Chaganti and Chaganti, 1983;Jarvis et al, 1996;Deakins et al, 2002;Dyt and Halabi, 2007). Indeed, one owner took considerable steps to know the daily bank balance.…”

Section: Understanding Financial Informationmentioning

confidence: 91%

“…Indeed, UK research has found that a focus on cash flow is more likely to be associated with firm survival (Jarvis et al, 1996;Deakins et al, 2002). "Money in the bank" was found by Dyt and Halabi (2007) to be a critical measure of firm performance. These performance measures all rely on some financial data being recorded.…”

Section: Financial Management Skills and Performance Evaluationmentioning

confidence: 99%

“…Since the introduction of the 10 per cent GST, taxation recording has become more complicated and prompted small firms to make greater use of their accountant's services (Dyt and Halabi, 2007). The GST is a tax collected on many sources of business income and paid out on business outgoings.…”

Section: Role Of the Accountantmentioning

confidence: 99%

See 2 more Smart Citations

Understanding financial information used to assess small firm performance

Halabi

Barrett

Dyt

2010

Qualitative Research in Accounting &Amp; Management

Self Cite

102

116

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Purpose -The purpose of this paper is to investigate the reality of financial and management accounting in a small group of small firms. Specifically, from the owner's perspective, an exploration is undertaken to see what financial information is collected, how it is used (or not) to make business decisions and evaluate the firm's performance, and the role played by the accountant in that process. Design/methodology/approach -A phenomenological paradigm underpins this exploratory study. Semi-structured interviews were undertaken with the owners of ten small firms, where the focus was on understanding what happens in an organisational setting, as opposed to theory and textbook practice. Findings -The qualitative data supported prior research in other countries. The in-depth analysis revealed a very basic understanding of accounting information and problems with the financial literacy amongst these small firm owners. Accounting reports were not widely produced or used, so an informal assessment, such as how much cash was in the bank, was the primary means of assessing business performance. Accountants were used for taxation services, although some owners sought more general business advice. Originality/value -An understanding is developed of why there might be a gap between textbook rhetoric and reality of accounting practice in small firms. The conclusion is that accounting textbooks need to include more information about the reality of financial management in small firms.

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Section: Understanding Financial Informationmentioning

confidence: 91%

Section: Financial Management Skills and Performance Evaluationmentioning

confidence: 99%

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Understanding financial information used to assess small firm performance

Halabi

Barrett

Dyt

2010

Qualitative Research in Accounting &Amp; Management

Self Cite

102

116

View full text Add to dashboard Cite

show abstract

“…Many researchers (Lussier & Halabi, 2010;Stokes & Blackburn, 2002) agreed that accounting record is one of the factors that important in determining the success or failure of the SMEs. Despite the great benefits of maintaining accounting records, previous research however found that most of smaller firms do not keep them, hence fail to produce systematic accounting reports (Dyt & Halabi, 2007;Kandhro & Pathrannarakul 2013). The most efficient technique to report accounting data is by using accounting software or accounting information system (AIS).…”

Section: Introductionmentioning

confidence: 99%

Intention to Use Cloud Accounting System Among SMEs in Malaysia: A Conceptual Framework of a Modified Unified Theory of Acceptance and Use of Technology (UTAUT) Model

Musa¹,

Muhayiddin²,

Yusoff³

et al. 2019

RWE

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This study explores the underlying factors among SMEs that explain their intentions to use cloud accounting system in Malaysia. This study is motivated by the fact that SMEs are considered as significant economic players and an influential source of national and local economic growth. However, looking at high failure rate for Malaysian SMEs, more research should concern on supporting their business operation especially with regard to accounting or financial management. Based on the literature on this field as well as the concept in Unified Theory of Acceptance and Use of Technology (UTAUT) this study establishes a conceptual model that incorporate additional perceived security to the original four explanatory variables of UTAUT: performance expectancy, effort expectancy, social influence and facilitating condition. Hence, this paper proposes a conceptual framework of a modified UTAUT model with factors towards user intention to use cloud accounting system in Malaysia.

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“…Also, at economic entities in general, and those in the trade, in particular, accounting information must be presented in accordance with their legal and economic basis, applying the accounting rules to be performed with sincerity, and the information to be provided on a regular basis, so that they can be used in the sound decision-making process, by persons who possess this quality. The studies of Dyt and Halabi (2007) and Zhour (2010) concluded that the main problem of business owner and managers of micro enterprises is mostly in their inability to keep sufficient records to aid them in their decision-making. Results of their studies show that majority of micro businesses rely more heavily on manual methods /they hold their business traditionally/, while small businesses are more likely to use computerized systems.…”

Section: …………………………………………………………………………………………………… Introduction:-mentioning

confidence: 99%

Challenges to Implement Proper Accounting Practices in Micro and Small Scale Enterprises (Mse), in Case of Wolaita Sodo Town, Ethiopia.

Gebremedihin¹

2019

IJAR

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Empirical Evidence Examining the Accounting Information Systems and Accounting Reports of Small and Micro Business in Australia

Cited by 25 publications

References 1 publication

Understanding financial information used to assess small firm performance

Understanding financial information used to assess small firm performance

Intention to Use Cloud Accounting System Among SMEs in Malaysia: A Conceptual Framework of a Modified Unified Theory of Acceptance and Use of Technology (UTAUT) Model

Challenges to Implement Proper Accounting Practices in Micro and Small Scale Enterprises (Mse), in Case of Wolaita Sodo Town, Ethiopia.

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