Factors Affecting the Capacity of Accounting Software in Controlling Frauds and Errors in Small and Medium Enterprises (Smes): A Case Study of SMEs in Hanoi, Vietnam

Abstract

Financial accounting information has impacted the operation of enterprises, especially SMEs. With the development of technology, digital accounting applications are playing an increasingly important role in minimizing mistakes, and ensuring the accuracy and timeliness of accounting information. Using multiple discriminant analyses, this study confirmed the significance of accounting software in reducing frauds and errors in SMEs’ businesses despite some drawbacks. It showed that the managers’ ability to access the software and the decentralization of power in accessing the accounting software were the two key factors deciding the success/failure of applying accounting software to control frauds and errors. In addition, smart applications of the accounting software positively contributed to the elimination of frauds in enterprises. Based on these results, recommendations are drawn for SMEs, such as investing more in smart applications of accounting software, as well as updating knowledge about accounting for management, in order to get more advantages from accounting software applications for their business in the long term.

Faktor Penentu Penerapan Akuntansi Digital pada UMKM: Intervensi Pemerintah sebagai Variabel Pemoderasi

“…Akuntansi berbasis digital diharapkan akan memudahkan UMKM dalam mengelola keuangan sehingga dapat meningkatkan kinerja UMKM. Keunggulan penggunaan suatu teknologi akuntansi digital adalah menghemat jumlah tenaga kerja, menghemat waktu untuk pekerjaan akuntansi, memberikan informasi keuangan yang tepat, nyaman dibaca, serta tepat waktu (Hang et al 2021).…”