Modelling the Accounting Information Requirements of Small Businesses

Holmes, Scott; Nicholls, D. F.

doi:10.1080/00014788.1989.9728844

Cited by 75 publications

(82 citation statements)

References 3 publications

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“…Interestingly this result is replicated in most previous literature (see for example, Holmes & Nicholls, 1989;Hoque & James, 2000;Lamminmaki & Drury, 2001;Collis & Jarvis, 2002;Al-Omiri & Drury, 2007;Ismail & King, 2007;Cadez & Guilding, 2008;Abdel-Kader & Luther, 2008) even though the population from which the target sample is drawn is unusual in terms of country size and the developing country context.…”

Section: Resultssupporting

confidence: 71%

The Adoption of Management Accounting Practices in Malaysian Small and Medium-Sized Enterprises

Ahmad¹

2013

ASS

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This paper provides empirical evidence on the adoption of a broad range of management accounting practices in Malaysian small and medium-sized enterprises (SMEs) in the manufacturing sector. Data collected from a postal survey of 160 accountant managers are used to facilitate the study. The results indicate that the traditional MAPs such as conventional budgeting, traditional costing and financial performance measures are widely used by the respondents. The results also show that a significant number of respondents have adopted one or more measures both financial and non-financial but the reliance on financial measures is greater than for non-financial measures. The main non-financial measures frequently used by respondents are on-time delivery, number of customer complaints, defect rate and manufacturing lead time. These findings suggest that respondents, who use non-financial performance measures, are more internal-process and customer focused rather than employee focused. Further the recently developed management accounting techniques such as ABC, non-financial performance measures particularly on employees-oriented measures, decision support analysis and strategic management accounting are only adopted by the minority of the respondents. The respondents also indicated a low extent of use of all investment appraisal techniques in their decision making process. The finding suggests that given the relatively small size of the responding firms and due to some constraints, it is unlikely for the SMEs to adopt a comprehensive MAP in their firms.

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Section: Resultssupporting

confidence: 71%

The Adoption of Management Accounting Practices in Malaysian Small and Medium-Sized Enterprises

Ahmad¹

2013

ASS

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“…Some researchers assert that the quality of financial accounting information employed within the SMEs sector has a positive relationship with the performance of the entity (see, Lybaert, 1998;Nayak & Greenfield, 1994;Holmes & Nicholls, 1989;Raymond & Magnenat-Thalman, 1982).…”

Section: Accounting Practices Of Smesmentioning

confidence: 99%

Accounting Practices of SMEs: A Case Study of Kumasi Metropolis in Ghana

Amoako¹

2013

IJBM

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The importance of maintaining proper books of accounts and sound accounting practices has been emphasised in ensuring proper financial management in SMEs. In this study, we investigate the record keeping strategies utilized by SMEs in Kumasi (Ghana) through data based on responses to a structured questionnaire from 210 SMEs in Kumasi. We report that majority of SMEs fail to maintain complete accounting records as they think there is no need to keep accounting records and that it exposes their financial position. It is recommended that training programmes must be organised to sensitize owners/managers on the need to maintain proper books of accounts. The government should also come out with the necessary legal instruments to make the preparation of proper books of accounts mandatory in order to improve SMEs practice of accounting in Ghana.

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“…They attribute this to four external environmental factors: Business size, the amount of time under current management, the industrial sector and the business owner's or manager's education level [9] . According to the authors, as business size grows, the level of accounting information gathered and prepared grows.…”

Section: Uses Of Accounting Informationmentioning

confidence: 99%

The Importance of Capturing and Using Financial Information in Small Business

Davis¹

2009

American Journal of Economics and Business Administration

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Problem statement: Small businesses have not been realizing the advantages of good record-keeping and management of financial records. The purpose of this study was to determine some key issues relating to the recordkeeping practices of small business to help determine areas that are causing this major subgroup of businesses to underutilize their use of captured financial data through business processes. Approach: A survey was distributed to small business owners in the retail apparel industry which looked at different classes of issues that would impact the management and usefulness of financial data generated within the business. Results: The results showed that half of the respondents eschewed any computerized system, preferring the traditional manual approach to managing their financial data. Another discovery was that the majority of respondents did not use external expertise in financial data collection, organization or analysis. Manual system users also didn't generate reports from the financial data nearly as often as computerized system users. Finally, this study showed that a large portion of the respondents that did use computerized systems for financial data management had not participated in the selection of the software. Conclusion: The results of this study helped spotlight areas of shortfalls of small businesses in the best organization and utilization of financial data, which would support the ongoing concerns of these businesses and strengthen them in an economic climate that had not been friendly towards small businesses for quite some time.

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Modelling the Accounting Information Requirements of Small Businesses

Cited by 75 publications

References 3 publications

The Adoption of Management Accounting Practices in Malaysian Small and Medium-Sized Enterprises

The Adoption of Management Accounting Practices in Malaysian Small and Medium-Sized Enterprises

Accounting Practices of SMEs: A Case Study of Kumasi Metropolis in Ghana

The Importance of Capturing and Using Financial Information in Small Business

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