Bookkeeping Practices, Owners’ & Employee’s Accounting Skills, and Performance of Small and Medium Enterprises: Evidence from Oforikrom Municipal Assembly, Ghana
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Date
2023
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KNUST
Abstract
The study was done to survey the Bookkeeping Practices, Owners’ and employee’s Accounting Skills, and Performance of Small and Medium Enterprises. The study was concentrated on the evidence from Oforikrom Municipal Assembly. The study utilized questionnaires as the principal instrument for gathering data. The implementation of Google Forms enabled the creation of digital surveys. The implementation of online surveys facilitates a faster and more cost-efficient method for collecting data from a sufficiently big sample. The study employed a quantitative research methodology. The results presented were based on a sample of 200 valid responses collected via an online survey. The study utilized the Smart Partial Least Squares (Smart-PLS) software inside a structural equation modeling (SEM) framework to examine the associations among owners' accounting skills, bookkeeping procedures, and the performance of small and medium-sized enterprises (smes). The research conducted revealed that the implementation of bookkeeping procedures has a notable and favorable impact on the overall performance of small and medium-sized enterprises (smes). Bookkeeping is perceived as a crucial aspect of decision-making and company changes by owners and managers of small and medium-sized enterprises (smes).