The Role of Accounting Services and Impact on Small Medium Enterprises (SMEs) Performance in Manufacturing Sector from East Coast Region of Malaysia: A Conceptual Paper

Husin, Mohd Azian; Ibrahim, Mohamed Dahlan

doi:10.1016/j.sbspro.2014.02.415

Cited by 37 publications

(24 citation statements)

References 15 publications

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“…According to Ahmad & Seet (2009), apart from the SME huge establishment, but the failure of SMEs in the first five years is also extremely alarming. It was reported that in Malaysia, the failure rate was as high as 60 percent (Nordin, Hamid & Woon, 2011;Chong, 2012;Husin & Ibrahim, 2014). The failure rate continues to rise even with various government assistance and programs targeting the new entry SMEs (Chong, 2012).…”

Section: Smes Challengesmentioning

confidence: 99%

Discussion on Islamic Finance and Small Medium Enterprises’ Financial Accessibility

Thaker

Kanan

2019

Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah

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This study attempts to provide insights on SMEs’ financial accesibility through Islamic finance and its successfulness in Malaysia. The innovation in the Malaysia financial landscape especially Islamic finance has benefits the SMEs in accessing financial assistance without rely on traditional mode of financing. SMEs in Indonesia represent about 99 percent in all economic sector and involved labor participation of almost 95 percent but the issue of financial accessibility remain perpetual problem and block the development of SMEs in Indonesia. Therefore, the present study utilizes content analysis to critically look at the successful of SMEs Islamic financing in Malaysia and various published report and literature in generate better overview on the progression of SMEs. At the end of the study, this study provides some recommendations based on Malaysian SMEs financing successfulness for Indonesian authority to further restructure and enhance their existing financial assistance to the SMEs based on Islamic financing.

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Section: Smes Challengesmentioning

confidence: 99%

Discussion on Islamic Finance and Small Medium Enterprises’ Financial Accessibility

Thaker

Kanan

2019

Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah

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“…The lack of accounting knowledge, shortage in financing and human resources in SMEs pushes them to outsource in order to improve their organization. The SMEs use the external accountants as a source of professional advisory services to do the book keeping and prepare the financial reporting (Husin, Ibrahim 2014). However, very often SMEs do not make an optimal use of accounting information because they do not possess the skills to understand or apply the information (Marriot, N., Marriot, P. 2000;Reddaway et al 2011).…”

Section: Financial-accounting Services As the Object Of Outsourcingmentioning

confidence: 99%

The Demand for Professional Knowledge as a Key Factor of the Development of Outsourcing of Financial and Accounting Services in Poland

Bagieńska

2016

Business, Management and Education

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abstract. The access to professional knowledge and specialists' skills is possible for small enterprises thanks to the outsourcing of services. Purpose -The aim is to analyse the reasons for the outsourcing of accounting services and the factors influencing the choice of the accounting office. The specific aim is to evaluate the entrepreneur's benefits resulting from using the knowledge of the specialists providing outsourcing services. Design/metodology/approach -A questionnaire survey was conducted among 120 entrepreneurs who outsource accounting services in the Podlaskie Region in Poland. Findings -The most important factors influencing the entrepreneur's cooperation with the accounting office are: high quality of services resulting from the competence of the employees of the office, the range of services offered by the company, advising on finance management, correctness of tax accounting, the possibility of using additional services. Due to high competitiveness, the demand for professional knowledge influences the development of the outsourcing of financial and accounting services to a greater degree than the price of the services offered by the accounting offices Keywords: outsourcing of financial and accounting services, human capital, demand for professional knowledge, entrepreneur.JEL Classification: L21, M21, M12.

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“…To overcome this issue, some studies suggest that SME needs to use outsourced accounting service to perform its accounting function (Carey, 2015;Ganesan et al, 2018;Husin & Ibrahim, 2014;Jayabalan, Dorasamy, Ramlan, & Ching, 2009;Kamyabi & Devi, 2011d;Kotabe & Mol, 2009). Previous studies recommend SME to use outsourcing services to change its traditional activities, particularly in its accounting function (Cullinan & Zheng, 2017;Kotabe & Mol, 2009).…”

Section: Introductionmentioning

confidence: 99%

“…Outsourced accounting service is an option for SMEs to maintain its competitive advantage and in a competitive environment (Jayabalan et al, 2009;Kipsang & Mwangi, 2017). SMEs need the consultation and expertise related to accounting practice to improve its performance (Husin & Ibrahim, 2014). Outsourced service can benefit SMEs' competence, enabling them to save their costs more effectively and efficiently (Agburu, Anza, & Iyortsuun, 2017;Rodriguez & Fierro, 2016), improve their responsiveness to business environment changes, and lower the risks posed by technology change (Agburu et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

The Use of Outsourced Accounting Service and Its Impact on SMEs Performance

Cahyaningtyas¹,

Ningtyas²

2020

JABE

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This research was about the important contribution of SMEs to Indonesian economy in reality and their weak management accounting functions. This research aimed to find out the factors influencing SMEs’ decision to use outsourced accounting advisory services and the effect of such use towards SMEs’ performance as from Transaction Cost Economics (TCE) and Resource Based View (RBV) perspectives. In this research, the population was comprised of manufacturing SMEs ini Malang. The researchers then took the sample using purposive sampling method. Meanwhile, the criteria to determine the sample were based on the definition of SME in Indonesia. Furthermore, the researchers conducted survey by distributing 270 questionnaires to collect the data. Using SEM (AMOS) analysis, the researchers successfully figured out that asset specification, environment uncertainty, technical competence, and competition level acted as major factors that affected SMEs’ decision to use outsourced accounting services. Meanwhile, the researchers found that behavior uncertainty and trust in accountants did not have significant impact on such SMEs’ decision. The result of SEM analysis showed that outsourced accounting advisory services significantly provided positive effect on SMEs’ performance

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The Role of Accounting Services and Impact on Small Medium Enterprises (SMEs) Performance in Manufacturing Sector from East Coast Region of Malaysia: A Conceptual Paper

Cited by 37 publications

References 15 publications

Discussion on Islamic Finance and Small Medium Enterprises’ Financial Accessibility

Discussion on Islamic Finance and Small Medium Enterprises’ Financial Accessibility

The Demand for Professional Knowledge as a Key Factor of the Development of Outsourcing of Financial and Accounting Services in Poland

The Use of Outsourced Accounting Service and Its Impact on SMEs Performance

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