Home           Contact us           FAQs           
 
   Journal Page   |   Aims & Scope   |   Author Guideline   |   Editorial Board   |   Search
    Abstract
2011 (Vol. 3, Issue: 4)
Article Information:

Evaluation of the Accountings Systems Used by Small Scale Enterprises in Nigeria: The Case of Enugu- South East Nigeria

B.E. Okoli
Corresponding Author:  B.E. Okoli 

Key words:  Accounting systems, enugu, evaluation, Nigeria, small scale enterprises, South East,
Vol. 3 , (4): 235-240
Submitted Accepted Published
2011 March, 10 2011 August, 05 2011 November, 15
Abstract:

The study evaluated the accounting systems in use by small scale enterprises operating in Enugu, South East of Nigeria. The study was necessitated due to high rate of small scale enterprises failure. The population of the study consists of 242 accounting officers and proprietors of small scale enterprises operating in Enugu. 148 respondents were selected through a simple random sampling technique. The instrument employed for the study was a structured questionnaire. Four research questions and one null hypothesis tested at 0.05 level of significance guided the study. Data were analyzed using mean and standard deviation and t-test. Summary of the results revealed that seven accounting systems were available for use to small scale enterprises operating in Enugu, significant number of small scale enterprises use the single entry system of accounting and that keeping of proper accounting records enhances profitability. It was concluded that significant number of small scale enterprises in Enugu use the single entry accounting system because of its simplicity and that there was correlation between proper record keeping and profitability of small scale enterprises. It was recommended among other things that the Ministry of Commerce and Industry should help the small business owners to avail themselves the opportunity to use the accounting systems that are relevant for the day to day reporting of their business transactions.
Abstract PDF HTML
  Cite this Reference:
B.E. Okoli, 2011. Evaluation of the Accountings Systems Used by Small Scale Enterprises in Nigeria: The Case of Enugu- South East Nigeria.  Asian Journal of Business Management, 3(4): 235-240.
    Advertise with us
 
ISSN (Online):  2041-8752
ISSN (Print):   2041-8744
Submit Manuscript
   Current Information
   Sales & Services
   Contact Information
  Executive Managing Editor
  Email: admin@maxwellsci.com
  Publishing Editor
  Email: support@maxwellsci.com
  Account Manager
  Email: faisalm@maxwellsci.com
  Journal Editor
  Email: admin@maxwellsci.com
  Press Department
  Email: press@maxwellsci.com
Home  |  Contact us  |  About us  |  Privacy Policy
Copyright © 2009. MAXWELL Science Publication, a division of MAXWELLl Scientific Organization. All rights reserved