M.Sc

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https://ir.oauife.edu.ng/handle/123456789/902
M.Sc (Theses and Dissertations)

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Browsing M.Sc by Subject "Accounting profitability"

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    Accounting information, profitability and sustainability of small scale businesses in Osun State
    (Obafemi Awolowo University, 2016) Ajewole, Olaniyi Olowu
    This study identified accounting records and practices by small scale businesses in Osun State, examined the effect of accounting record keeping on the profitability on the of small scale businesses and investigated challenges confronting small scale business accounting practices in the state. The study sampled a total number of 400 small scale businesses in four major towns of the state namely: Ilesa, Osogbo, Iwo and Ikirun using questionnaire as research instrument. These were with a view of providing information on the effect of accounting record keeping on the profitability of small scale businesses in Osun state. Data collated were analyzed using percentage and frequency analysis, chart analysis and ANOVA multiple regression analysis. From the results of analyses conducted, it was discovered that the sampled small scale businesses keep records such as sales day book (often-64.5%), sales ledger(often-48.3%) and cash book (often-54%) while they seldom keep records such as purchases day book (seldom-51.5%), purchases ledger (seldom-46%) and debtors ledger (seldom-60%). The result showed that accounting record keeping (t=25.863, p=0.000), accounting framework (t=6.474, p=0.000), level of adoption of accounting principles (t=3.550, p=0.000) and availability of functional accounting department (t=5.145, p=0.000) exert significant positive impact of the profitability and of small scale businesses in Osun state. Also result revealed that accounting practices of small scale businesses in Osun State is been confronted by challenges such as lack of knowledge of accounting record keeping (56.8%) , cost of setting up accounting system (50.3%), low level of trust and honesty in the society (64.8%) and low working capital (45.8%). The study concluded that accounting record keeping and practices has significant impact on both the profitability and sustainability of small scale businesses in Osun State.