Accounting Information Systems and Small/Medium Scale Enterprises (SMES) Performance in Nigeria
Adedipe Oluwaseyi Ayodele & Odunsi Oluwasegun Temitayo
Department of Accounting and Finance, Ajayi Crowther University, Oyo, Oyo State, Nigeria Department of Accounting and Finance, Ajayi Crowther University, Oyo, Oyo State, Nigeria E-mail: oa.adedipe@acu.edu.ng; ot.odunsi@acu.edu.ng
ABSTRACT
This study examined the role of accounting information system on performance of small and medium scale enterprises in Nigeria. The population of this study consists of small and medium scale Enterprises (SMEs) in Ijebu-Igbo Town, Ogun State. Data were extracted from 385 questionnaires administered with 90% retrieval success. The
hypotheses were formulated and tested using regression analysis at 5 per cent level of significance (0.05). The data were analyzed and interpreted using both descriptive and inferential statistics. The study found that accounting practices has significant effect on SMEs performance in Nigeria. The study also revealed that mode of accounting has significant effect on efficiency of SMEs performance in Nigeria. Finally, the study showed that financial records have positive significant effect on efficiency of SMEs performance in Nigeria. In conclusion, accounting information
system have significant positive effect on SMEs performance in Nigeria as most of them rely on accounting information for decision making that affect their performance and operations. This study therefore recommends that Small and Medium Scale Enterprises (SMEs) should keep thorough accounting records that will enable them prepare financial statements which will help them in useful decisionmaking. Keywords: Accounting Information System; Performance; Small and Medium Scale
Enterprises
