Perceptions of Financial Records Keeping and Reporting Practices among Micro And Small Enterprises’ a Case of Wollega Zonal Administration – Western Oromia Region

Perceptions of Financial Records Keeping and Reporting Practices among Micro And Small Enterprises’ a Case of Wollega Zonal Administration – Western Oromia Region

Kasahun Tamiru Tefera

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Wollega University

Perceptions of Financial Records Keeping and Reporting Practices among Micro And Small Enterprises’ a Case of Wollega Zonal Administration – Western Oromia Region

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Abstract

Today, most of developing country economy is changed through MSE business operation were Ethiopia is a part. In this regard the financial record keeping and reporting practice of MSE has got much attention. This study aims to look at perception of financial record keeping and reporting practice of MSE in case of four Wollega zonal administrations. The target population of this study was 5,145MSEs found in the selected four towns that are engaged in different sectors. A simple random sampling technique was adopted. A sample of 194 was taken by using Slovin’s Sampling formula. The required data is collected from 178 sample (around 91%) respondents using self-administered five point-likert scale questionnaires. Data collected is processed by using SPSS version 16 software and STATA 10 and analyzed by using different descriptive statistics. Multinomial regression model was also adopted. The study reveals that, even though there is willingness of financial record and report makes to understand what is going on in their businesses, MSE have perceived that, they have not initiated by them-selves rather it is by the external push and they consider record keeping is a tedious activity. In regard with Knowledge, MSE owner and employees have no basic knowledge of bookkeeping and accounting.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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Not applicable for this article.

How to Cite This Article

Kasahun Tamiru Tefera. 2019. \u201cPerceptions of Financial Records Keeping and Reporting Practices among Micro And Small Enterprises’ a Case of Wollega Zonal Administration – Western Oromia Region\u201d. Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 19 (GJMBR Volume 19 Issue D1).

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GJMBR Volume 19 Issue D1

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-D Classification JEL Code: M41

Submission ReceivedDecember 14, 2018
Peer Review Double Blind
Handling Editor
Accepted January 1, 2019
Published January 15, 2019

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v1.2

Issue date

January 30, 2019

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Article Matrices

Total Score: 71

Country: Ethiopia

Subject: Global Journal of Management and Business Research - D: Accounting & Auditing

Authors: Kasahun Tamiru Tefera (PhD/Dr. count: 0)

View Count (all-time): 188

Total Views (Real + Logic): 2866

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Publish Date: 2019 01, Wed

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Total Views: 2866

Total Downloads: 1401

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