ACCOUNTING SERVICES AND THE FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN CALABAR SOUTH LOCAL GOVERNMENT AREA OF CROSS RIVER STATE, NIGERIA
This study adopted descriptive survey design to established the relationship between accounting services and the financial performance of small and medium enterprises in Calabar South Local Government Area of Cross River State, Nigeria. .It was guided by two research q...
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| Format: | Article |
| Language: | English |
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Federal University Wukari
2024-10-01
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| Series: | International Studies Journal |
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| Online Access: | https://wissjournals.com.ng/index.php/wiss/article/view/475 |
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| _version_ | 1841526490213122048 |
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| author | EGU USANG INAH STANLEY UNAH OGAR–ABANG OYONG JOHN |
| author_facet | EGU USANG INAH STANLEY UNAH OGAR–ABANG OYONG JOHN |
| author_sort | EGU USANG INAH |
| collection | DOAJ |
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This study adopted descriptive survey design to established the relationship between accounting services and the financial performance of small and medium enterprises in Calabar South Local Government Area of Cross River State, Nigeria. .It was guided by two research questions and two null hypotheses. A sample of 60 owners of small and medium enterprises in Calabar South Local Government Area of Cross River State, Nigeria were selected using the accidental sampling technique. .One instrument titled “Accounting Services and Financial performance Questionnaire (ASFPQ) was used for data collection. The reliability of the questionnaire, established using Cronbach Alpha which ranges from .85 to .90. The hypotheses were tested using Pearson Product Moment correlation Coefficient at .05 level of significance. The findings of the study revealed that book keeping, financial reporting individually significantly relate with the financial performance of small and medium enterprises in Calabar South Local Government Area of Cross River State, Nigeria it was concluded that effective financial performance of small and medium enterprises depend on proper bookkeeping and financial reporting. Based on the findings and conclusion of this study, it was recommended amongst others that SMEs should prioritize investing in professional accounting services to ensure accurate financial reporting, bookkeeping and compliance with regulations. This can lead to improved financial performance and strategic decision-making.
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| format | Article |
| id | doaj-art-4bc922ad85d04206b2b4fb07866ba63e |
| institution | Kabale University |
| issn | 2756-4649 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Federal University Wukari |
| record_format | Article |
| series | International Studies Journal |
| spelling | doaj-art-4bc922ad85d04206b2b4fb07866ba63e2025-01-16T20:02:10ZengFederal University WukariInternational Studies Journal2756-46492024-10-0187ACCOUNTING SERVICES AND THE FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN CALABAR SOUTH LOCAL GOVERNMENT AREA OF CROSS RIVER STATE, NIGERIAEGU USANG INAH0STANLEY UNAH1OGAR–ABANG OYONG JOHN2UNIVERSITY OF CALABARUNIVERSITY OF CALABARUNIVERSITY OF CALABAR This study adopted descriptive survey design to established the relationship between accounting services and the financial performance of small and medium enterprises in Calabar South Local Government Area of Cross River State, Nigeria. .It was guided by two research questions and two null hypotheses. A sample of 60 owners of small and medium enterprises in Calabar South Local Government Area of Cross River State, Nigeria were selected using the accidental sampling technique. .One instrument titled “Accounting Services and Financial performance Questionnaire (ASFPQ) was used for data collection. The reliability of the questionnaire, established using Cronbach Alpha which ranges from .85 to .90. The hypotheses were tested using Pearson Product Moment correlation Coefficient at .05 level of significance. The findings of the study revealed that book keeping, financial reporting individually significantly relate with the financial performance of small and medium enterprises in Calabar South Local Government Area of Cross River State, Nigeria it was concluded that effective financial performance of small and medium enterprises depend on proper bookkeeping and financial reporting. Based on the findings and conclusion of this study, it was recommended amongst others that SMEs should prioritize investing in professional accounting services to ensure accurate financial reporting, bookkeeping and compliance with regulations. This can lead to improved financial performance and strategic decision-making. https://wissjournals.com.ng/index.php/wiss/article/view/475Accounting servicesBooking keepingFinancial reportingFinancial performanceSmall and medium enterprise |
| spellingShingle | EGU USANG INAH STANLEY UNAH OGAR–ABANG OYONG JOHN ACCOUNTING SERVICES AND THE FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN CALABAR SOUTH LOCAL GOVERNMENT AREA OF CROSS RIVER STATE, NIGERIA International Studies Journal Accounting services Booking keeping Financial reporting Financial performance Small and medium enterprise |
| title | ACCOUNTING SERVICES AND THE FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN CALABAR SOUTH LOCAL GOVERNMENT AREA OF CROSS RIVER STATE, NIGERIA |
| title_full | ACCOUNTING SERVICES AND THE FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN CALABAR SOUTH LOCAL GOVERNMENT AREA OF CROSS RIVER STATE, NIGERIA |
| title_fullStr | ACCOUNTING SERVICES AND THE FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN CALABAR SOUTH LOCAL GOVERNMENT AREA OF CROSS RIVER STATE, NIGERIA |
| title_full_unstemmed | ACCOUNTING SERVICES AND THE FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN CALABAR SOUTH LOCAL GOVERNMENT AREA OF CROSS RIVER STATE, NIGERIA |
| title_short | ACCOUNTING SERVICES AND THE FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN CALABAR SOUTH LOCAL GOVERNMENT AREA OF CROSS RIVER STATE, NIGERIA |
| title_sort | accounting services and the financial performance of small and medium enterprises in calabar south local government area of cross river state nigeria |
| topic | Accounting services Booking keeping Financial reporting Financial performance Small and medium enterprise |
| url | https://wissjournals.com.ng/index.php/wiss/article/view/475 |
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