Management Accounting Practices and the Performance of Small and Medium-Sized Enterprises in Akwa Ibom State, Nigeria

Authors

  • Etim Osim Department of Accounting, University of Uyo
  • Umoffong Department of Accounting, University of Uyo
  • Commy Department of Business Education, University of Uyo

DOI:

https://doi.org/10.38157/business-perspective-review.v2i2.153

Keywords:

SMEs, MAPs, Sustainability, Performance

Abstract

Purpose: The study was designed to examine the effect of Management Accounting Practices (MAPs) on the performance on Small and Medium Scale Enterprises (SMEs) in Nigeria.

Method: The survey research design approach was employed using a structured questionnaire to gather data from 40 purposively selected SMEs operators for the population pool. Data were analyzed using descriptive and inferential statistical tools using SPSS version 20.

Result: Results showed a strong positive correlation between the dependent variable (firm performance) and independent variables (Costing System, Budgeting System, Performance Evaluation System, Decision Support System, and Strategy Management Accounting System). 

Implications: The study recommends that the SMEs should avail themselves more with contemporary MAPs to ensure the profitability and sustainability of the businesses.

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Published

2020-09-21

How to Cite

Osim, E., Umoffong , N. J. ., & Goddymkpa, C. P. . (2020). Management Accounting Practices and the Performance of Small and Medium-Sized Enterprises in Akwa Ibom State, Nigeria. Business Perspective Review, 2(2), 57–74. https://doi.org/10.38157/business-perspective-review.v2i2.153

Issue

Vol. 2 No. 2 (2020): Business Perspective Review

Section

Articles