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The study examined the accounting information system and the growth of small and
medium scale enterprises (a study of SME’s in Kumasi metropolis). Four theories
were used in the research to have a wide scope in the study, namely; the Contingency
Theory and the Design of Accounting Information System and the Technology
Acceptance model (TAM), the Expectation Confirmation Theory (ECT), and the
Sales Growth Theory. The sample of the study comprised ten SME’s in Kumasi
Metropolis, five from the Central Business District (CBD) of Kumasi and five from
Suburbs of the city. Primary data was used in the study. A structured questionnaire
was used to collect necessary data from the selected staff of the SME’s. The
purposive sampling technique was used to select two hundred (200) staffs from ten
(10) SME’s. In furtherance, twenty (20) staffs were selected per each enterprise
selected. The data collected are subjected to the quantitative analysis of descriptive
statistics and chi-square technique. Findings of the study showed that accounting
information system has significant effect on the sales growth of SMEs in Kumasi
Metropolis (value of chi-square is 11.55, and the critical value of chi-square is 9.49
at 5% level of significance and 4 degree of freedom); accounting information system
has significant effect on the profit growth of SMEs in Kumasi Metropolis (value of
chi-square is 10.05, and the critical value of chi-square is 9.49 at 5% level of
significance and 5 degree of freedom;. accounting information system has significant
effect on the asset growth of SMEs in Kumasi Metropolis (value of chi-square is
14.92, and the critical value of chi-square is 11.07 at 5% level of significance and 5
degree of freedom; accounting information system has significant effect on the Net
cash flow growth of SMEs in Kumasi Metropolis (value of chi-square is 10.52, and
the critical value of chi-square is 9.49 at 5% level of significance and 5 degree of
freedom. The study concludes that accounting information system has significant
impact on the sales, profit, asset and net cash flow growth of SMEs in Kumasi
Metropolis. The study suggests amongst others that, SMEs should improve their
accounting system in order to generate quality, reliable and timely accounting
information, Owners of SMEs should integrate accounting information system in their
decision processes, SMEs should endeavor to consult accountants regularly in order to
be able to maintain high and generally acceptable accounting practices, Accounting
training programmes for SMEs should be organized by the Ministry of Trade and
Industry for those who do not know the importance of maintaining accounting records
to come to grips with it, Government should stipulate the minimum number of books
to be kept by all SMEs that meet certain criteria which certifies them to operate in
Ghana, SMEs should ensure that the cost of acquiring AIS does not outweigh the
benefits the company would gain from using them. |
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