ABSTRACT

There are so many definitions, interpretations and importance of accounting records to the development and improvement of small and medium scale business Enterprises. With this in mind, this research study is aimed at evaluating the importance of accounting records and information in the running of small scale business. Efforts have made to give a comprehensive and straight to the point work on accounting information and with it bearing they have on decision making processes of any business organization. Therefore, the researcher applied the financial accounting system. Cost and management accounting methods in driving home the importance of accounting records to any business organization with special reference to Cassa Paper Industries Limited, Ogbe Ahiara Mbaise. This research will also try to evaluate the information which proper accounting record can provide for effective management decision, accurate forecasting, planning and control of activities of small scale Enterprises. Bearing in mid the type of enterprise in question, the research work identified the types of manufacturing accounts which re of great use to small scale business. On the same note, some accounting techniques etc was applied for proper and wise decision by the management. As it has been established that the success or failure of any business depends largely on accounting records and information, it therefore supposes that effective internal control system ensures for adequate and accurate information, so this study reviewed the extent the internal control system is of help to small business as a whole and ASSA Paper Industries Limited in particular. Questionnaires were administered to selected small business concerns and analyzed and discussions are based on the finding/responses. In like manner, conclusions were drawn and recommendations which were considered appropriate in ensuring that effective and adequate accounting records are maintained by business organization were made.