IMPACT OF ACCOUNTING SKILLS ON ENTREPRENEURS FOR SELF-RELIANCE AND SUSTAINABLE DEVELOPMENT: A STUDY OF SOME SELECTED SMALL AND MEDIUM SCALE ENTERPRISES IN CENTRAL AND SOUTHERN GEOPOLITICAL ZONES OF TARABA STATE, NIGERIA.
Nkasi E. Ernest & Adamu Nuhu
ABSTRACT
This paper therefore, examines the effect of accounting practices on Sustainable Entrepreneurial Development for Self-Reliance in Nigeria. The study will specifically examine the influence of book-keeping and accounting knowledge on the growth of Small and Medium scale Enterprises (SMEs) as well as the effect of financial management practices on the growth of MSEs in Nigeria. The study will adopt a cross sectional survey research design. Small and Medium scale Enterprises (SMEs) in central and Southern geopolitical zones of Taraba state formed the population of the study. Primary source of data was employed in this study. Questionnaires were used as the instrument for data collection. A sample size of 284 staff was picked using Bill Godden sample size formula. The study uses Proportional stratified random sampling technique to distribute this 284 to MSEs. The data was tested using percentages, mean, and standard deviation, while the hypotheses were tested using the chi-square techniques. Based on the analysis, the finding from the study reveals that, Book-keeping and accounting knowledge as well as financial management practices have a significant effect on SMEs growth in Nigeria. In line with the findings the study concluded that, SMEs will experience continuous growth if they can acquire accounting knowledge and apply such knowledge in financial management practices in their business operations. In line with the findings arrived at and the conclusion drawn above, the study recommended that Taraba State government and SMEs owners/managers should focus greater attention on the acquisition of book-keeping and accounting knowledge and financial management practices that can constantly lead to SMEs growth.
Keywords:SMEs, Sustainable, Entrepreneurial Development, Self-Reliance, Growth
Related Posts
THE IMPACT OF ACCOUNTING PRACTICES ON THE GROWTH OF SMALL AND MEDIUM SCALE ENTERPRISES: ANALYSIS FROM CENTRAL ZONE OF TARABA STATE.
Nkasi E. Ernest ABSTRACT Arguably for any Small and Medium scale Enterprises (SMEs) to beRead More
THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON FIRMS’ PERFORMANCE AND COMMUNITIES DEVELOPMENT IN THE NORTN EAST NIGERIA.
Nuhu Otaru Isah ABSTRACT The North Eastern Region of Nigeria produces a significant portion ofRead More