THE IMPACT OF ACCOUNTING RECORD IN THE DEVELOPMENT OF SMALL SCALE BUSINESSES


THE IMPACT OF ACCOUNTING RECORD IN THE DEVELOPMENT OF SMALL SCALE BUSINESSES

Type: Project Materials | Format: Ms Word | Attribute: Documentation Only | Pages: 88 Pages | Chapters: 1-5 chapters | Price: ₦ 3,000.00

1,876 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@allprojectmaterials.com
THE IMPACT OF ACCOUNTING RECORD IN THE DEVELOPMENT OF SMALL SCALE BUSINESSES

CHAPTER ONE

INTRODUCTION

1.1  Background of the Study

This study, the impact of accounting records in small scale businesses is very vital. It is vital in the sense that records keeping are a prime factor in decision making and policies formulation. Some postulations have been broadly stated to back up the study.

Olasore (2001) states that accounting system consists of rule and methods by which financial and economic activities can be recorded and used in making decision. Poor accounting system in small scale business organization usually leads to inability of a firm to produce accurate figures to protect the true position of the business. The effect of working figures is always the risk of over estimation or understanding, which adversely affects management decision and plans. In small scale business organization without accounting record it can hardly differentiate between periodic gains and losses. According to Oshegbami (2008) project in small scale business organization tends to be over stated and in most time personal expenses are under estimated and it is one of the causes of business failure. A business organization without proper accounting record is like a man without eyes.

No failure planning operation can be move and past operating performance cannot be comparatively assessed. According to Ola (2008) reported, knowledge about the past performance of enterprise is additional value beyond its historical aspects. If accounting record is completed with summarized data of the most recent business, the analysis of these data may print the way to accurate the success of any small scale business organization. However a proper assessment of accounting record and provision of quality staff and training will help to eliminate some of the problem faced by small scale business organization.

1.2  Statement of the Problem

The growth of any business measure from accounting record kept. It has been observed that most of these small scale businesses do not keep adequate and proper accounting records of inventories, income and expenditure of the businesses. This has posed problem to the continued existence and growth of small scale businesses in Nigeria. It is therefore, this problem that motivated me to carry out this study

1.3  Objective of the Study

  1. To identify accounting records in small scale businesses
  2. To examine the method used in recording business transaction
  • To examine the quality of accounting staff employed in small-scale business organization.
  1. To examine how accounting record can help in evaluating small scale business growth.
  2. To make recommendations toward improving accounting method in small-scale businesses in Nigeria.

1.4  Research Question

The following research questions were formulated to assist in gathering data, from the answers provided.

  1. What are the accounting records in small scale businesses?
  2. What is the accounting method used in recording business transaction?
  • What qualities of accounting staff are employed in your organization?
  1. In what ways can accounting record help in assessing small-scale business growth?
  2. What are the ways of improving accounting method in small-scale businesses?

1.5  Research Hypothesis

Ho:  There is no significant relationship between accounting records and proper management of small scale business organization.

Hi:   There is significant relationship between accounting records and proper management of small scale business organization.

1.6  Significance of the Study

In view of the importance of accurate accounting record to the survival of the firms with specific reference total filling station, the study will be of benefit in the following area;

The findings of this research will help the company to keep proper and adequate records to enable effective decision to be made by management.

The result of this work will also serve as reference material to other researchers. The researcher work which reveals the numerous impact of accounting records on firm’s performance boast the interest of the potentials professional in field. It is hoped, the study will enhance knowledge with regards to effective management of small scale business organization.

1.7  Scope of the Study

This study is restricted to the impact of autonomy records on small business organization with particular reference to Total Filling Station used as a case study.

1.8  Limitation of the Study

The limitation encountered in the course of this study is lack of time and funds by the researcher to carry out more extensive survey during data collection stage. Another limitation encountered was lack of corporation from the respondents who is afraid of giving out secret information about their organization. Some did not respond at all to questions in the questionnaire.

1.9  Definition of Terms

Financial Statement: Richar (2000) defined financial statement as any report that summarized financial activities of an individual so or business for a given period, a business balance sheet income statement of retain savings were referred to as the financial statement of publicly owned companies.

Transaction: Bergold (2008) defined transaction as event or exchange which affects the assets, liability or

THE IMPACT OF ACCOUNTING RECORD IN THE DEVELOPMENT OF SMALL SCALE BUSINESSES

Additional Information

  • The Project Material is available for download.
  • The Research material is delivered within 15-30 Minutes.
  • The Material is complete from Preliminary Pages to References.
  • Well Researched and Approved for supervision.
  • Click the download button below to get the complete project material.

Frequently Asked Questions

In-order to give you the best service available online, we have compiled frequently asked questions (FAQ) from our clients so as to answer them and make your visit much more interesting.

We are proudly Nigerians, and we are well aware of fraudulent activities that has been ongoing in the internet. To make it well known to our customers, we are geniune and duely registered with the Corporate Affairs Commission of the republic of Nigeria. Remember, Fraudulent sites can NEVER post bank accounts or contact address which contains personal information. Free chapter One is always given on the site to prove to you that we have the material. If you are unable to view the free chapter 1 send an email to info@allprojectmaterials.com with the subject head "FREE CHAPTER 1' plus the topic. You will get a free chapter 1 within an hour. You can also check out what our happy clients have to say.


Students are always advised to use our materials as guide. However, if you have a different case study, you may need to consult one of our professional writers to help you with that. Depending on similarity of the organization/industry you may modify if you wish.


We have professional writers in various disciplines. If you have a fresh topic, just click Hire a Writer or click here to fill the form and one of our writers will contact you shortly.


Yes it is a complete research project. We ensure that our client receives complete project materials which includes chapters 1-5, full references, questionnaires/secondary data, etc.


Depending on how fast your request is acknowledged by us, you will get the complete project material withing 15-30 minutes. However, on a very good day you can still get it within 5 minutes!

What Clients Say

Our Researchers are happy, see what they are saying. Share your own experience with the world.
Be polite and honest, as we seek to expand our business and reach more people. Thank you.

A Research proposal for the impact of accounting record in the development of small scale businesses:
Reviews: A Review on the impact of accounting record in the development of small scale businesses, impact, accounting, record project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
This study, the impact of accounting records in small scale businesses is very vital. It is vital in the sense that records keeping are a prime factor in decision making and policies formulation. Some postulations have been broadly stated to back up the study. Olasore (2001) states that accounting system consists of rule and methods by which financial and economic activities can be recorded and used in making decision. Poor accounting system in small scale business organization usually leads to inability of a firm to produce accurate figures to protect the true position of the business. The effect of working figures is always the risk of over estimation or understanding, which adversely affects management decision and plans. In small scale business organization without accounting record it can hardly differentiate between periodic gains and losses. According to Oshegbami (2008) project in small scale business organization tends to be over stated and in most time personal expenses are under estimated and it is one of the causes of business failure. A business organization without proper accounting record is like a man without eyes. No failure planning operation can be move and past operating performance cannot be comparatively assessed. According to Ola (2008) reported, knowledge about the past performance of enterprise is additional value beyond its historical aspects. If accounting record is completed with summarized data of the most recent business, the analysis of these .. accounting project topics

THE IMPACT OF ACCOUNTING RECORD IN THE DEVELOPMENT OF SMALL SCALE BUSINESSES

Project Information

  • CATEGORY : ACCOUNTING
  • TYPE : PROJECT MATERIAL
  • FORMAT : MICROSOFT WORD
  • ATTRIBUTE : Documentation Only
  • PAGES : 88 Pages
  • CHAPTERS : 1 - 5
  • PRICE : ₦ 3,000.00

Share Links

Download Post
Download Post

Search for Project Topics

Project topics in Departments

Do you need a writer for your academic work?