Abstract
This study analyzed the importance offinancial
accounting literacy on the growth ofSMEs in Abia state. The specific objectives
are to; determine the impact offinancial accounting knowledge on the survival
ofsmall and medium scale enterprises, ascertain the impact offinancial
accounting behavior on the sales growth ofsmall and medium scale enterprise and
examine the impact of financial accounting attitude on the profitability
ofsmall and medium scale enterprises Data was analyzed using statistical tools
ofSimple Linear Regression model and Statistical Package for Social Sciences in
analzing the hypotheses. The followingfindings were made; i) there is positive
and significant effect offinancial accounting knowledge on the survival ofsmall
and medium scale enterprises, ii) there is positive and significant effect
offinancial accounting behaviour on the of sales growth small and medium scale
enterprises and Hi) there is positive and significant effect of financial
accounting attitude on the profitability ofsmall and medium scale enterprises.
The study recommended that the management should make adequate provisionsfor
staffto be encouraged to embrace otherfinancial accounting developmental
courses that could impact on their general performance and increase
organizational performance, management should be sensitized on the importance
ofsending the right employee on induction and training, a mechanism should be
createdfor proper assessment and evaluation of employee performance after
orientation and training and finally Seminars and workshops should be
organizedfor the staffofSMEs in orderfor a proper understanding offinancial
accounting.
-- (2024). Importance of financial accounting literacy on the growth of Smes in Abia State:- Ilo Chimezie P. Repository.mouau.edu.ng: Retrieved Sep 07, 2024, from https://repository.mouau.edu.ng/work/view/importance-of-financial-accounting-literacy-on-the-growth-of-smes-in-abia-state-ilo-chimezie-p-7-2
--. "Importance of financial accounting literacy on the growth of Smes in Abia State:- Ilo Chimezie P" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 23 Jul. 2024, https://repository.mouau.edu.ng/work/view/importance-of-financial-accounting-literacy-on-the-growth-of-smes-in-abia-state-ilo-chimezie-p-7-2. Accessed 07 Sep. 2024.
--. "Importance of financial accounting literacy on the growth of Smes in Abia State:- Ilo Chimezie P". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 23 Jul. 2024. Web. 07 Sep. 2024. < https://repository.mouau.edu.ng/work/view/importance-of-financial-accounting-literacy-on-the-growth-of-smes-in-abia-state-ilo-chimezie-p-7-2 >.
--. "Importance of financial accounting literacy on the growth of Smes in Abia State:- Ilo Chimezie P" Repository.mouau.edu.ng (2024). Accessed 07 Sep. 2024. https://repository.mouau.edu.ng/work/view/importance-of-financial-accounting-literacy-on-the-growth-of-smes-in-abia-state-ilo-chimezie-p-7-2