Accounting Practices of Small and Medium Enterprises in Rangpur, Bangladesh

Uddin, R; Biswas, Tanmay; Ali, Julfikar; Khatun, Mst. Shamima

doi:10.4172/2167-0234.1000299

Cited by 5 publications

(3 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Akuntansi memiliki peranan penting bagi keberhasilan maupun kegagalan unit bisnis. Sistem akuntansi bertanggung jawab untuk mencatat, menganalisis, memantau dan mengevaluasi kondisi keuangan perusahaan, dan juga sebagai dokumen yang diperlukan untuk keperlun pajak (Ali, 2017). Keberhasilan kegiatan pendampingan pembukuan kuantitas produksi dan pembukuan keuangan dapat dibuktikan dengan adanya peningkatan aspek kognitif, afektif dan psikomotorik antara sebelum dan sesudah dilakukan pendampingan.…”

Section: Implementasi Pendampingan Merancang Label Kemasanunclassified

Upaya Mendorong Munculnya Unit Usaha Produk Amelioran Di Masyarakat

Dwiastuti

Sumarni

2020

JTSL

View full text Add to dashboard Cite

Training activities on the process of making organic fertilizer and LMO (local microorganisms) from various agencies have long been carried out in order to increase land productivity. According to the Regulation of the Minister of Agriculture number 70 / Permen / SR.140 / 10/2011, organic fertilizer products and soil ameliorant traded must include information on the label and there must be an effective test that applies an experimental design. The implementation of the Ministerial Regulation in the community partnership program is translated in the form of a) assistance to the business unit embryo to take care of a micro-small business permit certificate (SIUMK), b) assistance in making demonstration plots and observing records, c) laboratory testing facility assistance on the type and density of microbes from ameliorant products, as well as soil nutrient testing in various ameliorant application treatments, d) assistance in making packaging labels to search for stores where to buy packaging, and e) assistance in preparing reports on production patterns, production and marketing quantities, and preparing financial reports. Assistance activities can give birth to an ameliorant micro business unit in rural areas that has a business permit certificate and its products can meet the needs of the surrounding community. Besides, the assistance activities can improve the quality of production process skills and increase the quantity of ameliorant production that can provide provisions for micro-businesses to become independent. Because the potential for developing production and marketing of local ameliorant products is faced with the products of large companies, further technical and managerial support is needed. The form of continued support through the incubation of a small scale start-up business is expected to realize the micro-scale local ameliorant business unit to become independent and develop into a medium scale.

show abstract

Section: Implementasi Pendampingan Merancang Label Kemasanunclassified

Upaya Mendorong Munculnya Unit Usaha Produk Amelioran Di Masyarakat

Dwiastuti

Sumarni

2020

JTSL

View full text Add to dashboard Cite

show abstract

“…These practices are utilized for recording, analyzing, monitoring and evaluating the financial condition of SMEs, preparation of various kinds of documents necessary for decisionmaking purposes, regulatory requirements, tax computation and payments, providing information support to many other organizational functions [Chapman, 1997]. Accounting systems provide a source of information to owners and managers of SMEs operating for the use in measuring financial performance [Uddin et al, 2017]. In this juncture, financial reporting practices involve the disclosure of financial information to the various stakeholders; investors, creditors, public, debt providers, governments and government agencies on the financial performance and financial position of the organization.…”

Section: Introductionmentioning

confidence: 99%

“…Therefore, the owners and managers of these SMEs should understand the role of financial reporting in the form of clear information requirements ensuring a proper justification for business transactions and operations. There is a significant negative impact of poor financial management and reporting practices on the growth and sustainability of SMEs [Uddin et al, 2017]. Moreover, business decisions are required to be comprehensively supported with good quality financial information in a relevant, user friendly and promptly accessible manner.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Financial Reporting Practices on Performance: A Study of Small and Medium Enterprises in Rathnapura District, Sri Lanka

Jayawardane

Gamlath

2020

Sabaragamuwa Univ J

View full text Add to dashboard Cite

The objective of the study is to examine the impact of financial reporting practices on the financial performance of small and medium enterprises (SMEs) in Rathnapura District, Sri Lanka. This empirical study is based on the primary data through face to face interviews and administered questionnaires and secondary data through examining subject related books, published research papers, websites, statistical reports of the Central Bank of Sri Lanka and other institutions, and their specific regulatory factsheets. Data were collected from the total selected sample of 60 SMEs Statistical tools; hypothesis testing, descriptive statistics, and Multiple Regression Analysis are used to analyze and find the result of the study. The designated measures of financial reporting practices are financial reporting practices, investment analysis practices, Inventory management practices, cash management practices, and fixed assets management practices. The findings revealed that among the five selected independent variables, there was a variation of 93% (Approx.) of the financial performance of SMEs due to changes in financial reporting practices, investment analysis practices, inventory analysis practices, cash management practices and fixed assets management practices that have been depicted in the model. Out of five variables, FR, IA, and FA management practices are highly supported to better financial performance than that of the INA and CM practices. This paper provides useful information to the Government Ministries, Central Bank of Sri Lanka, Professional Bodies SME owners, researchers, accounting practitioners and other stakeholders in Sri Lanka for their involvement in making efforts to the future development of SMEs.

show abstract

Financial literacy and business performance among female micro-entrepreneurs

Tumba

Onodugo

Akpan

et al. 2022

Investment Management and Financial Innovations

View full text Add to dashboard Cite

The poor performance of female entrepreneurs, exemplified in their inability to realize their full potential and compete fairly with their male counterparts owing to financial illiteracy, motivated this study. Therefore, this study examined the effect of financial literacy on business performance among female micro-entrepreneurs. Using the survey research design, data were collected from 247 female entrepreneurs from six states in the North-Eastern region of Nigeria. The hypotheses developed for the study were tested using path modeling-structural equation modeling with the aid of SmartPLS software version 3.2.7. The result revealed that all proxies of financial literacy (financial education, cash forecasting, and bookkeeping have significant effects on business performance of female entrepreneurs. Additionally, the paper revealed that financial education contributed more to the variance in business performance of the female micro-entrepreneurs, this was followed by bookkeeping practices, while cash-forecasting has the least effect on the variance in business performance. This implies that financial education is essential for the success of female micro-entrepreneurs. Thus, this study advocates the need for continuing trainings and workshops for female micro-entrepreneurs on financial concepts such as bookkeeping, cash forecasting, and market volatilities.

show abstract

Accounting Practices of Small and Medium Enterprises in Rangpur, Bangladesh

Cited by 5 publications

References 3 publications

Upaya Mendorong Munculnya Unit Usaha Produk Amelioran Di Masyarakat

Upaya Mendorong Munculnya Unit Usaha Produk Amelioran Di Masyarakat

The Impact of Financial Reporting Practices on Performance: A Study of Small and Medium Enterprises in Rathnapura District, Sri Lanka

Financial literacy and business performance among female micro-entrepreneurs

Contact Info

Product

Resources

About