ABSTRACT
The study examined the impact of accounting system on financial
reporting of selected small scale industries. To ascertain the unreserched
influence of Accounting System on financial reporting of Small Scale Industries
and also determine the effect of good Accounting system on the reliability of
financial reporting in Small Scale Industries, 32 Sample respondents. drawn
from 50 number of Small Scale industries in Abia State were used in the study.
Responses to the main study questions were obtained from 32 respondents out of
50 structured questionnaires. The study data were analyzed using simple
descriptive statistics including simple percentages and tables. The main study
hypothesis which was to test the level of significance influence of Accounting
system on financial reporting of Small Scale Industries and which was to
ascertain the opinion of respondents on the effect of good accounting system on
the reliability of financial reports in small sQale industries; were tested
using chi-square statistical tools. From the study, it was found that,
accounting system influenced the financial reporting of Small Scale Industries
significantly. It was also •found that there is no significant difference in
the effect of good accounting system on the reliability of financial reports in
small scale industries. That is, good accounting system leads to greater
reliability for financial reporting. The study concludes and recommends that
given that the impact of good accounting system and financial reporting is
significant and proper system of accounting is generally considered important
in reporting on the activities of Small Scale Industries, Small scale
industries should adopt accounting system that complies• with the Generally
Accepted Accounting Principles (GAAP) for effective financial reporting and
also small scale industries should ensure that they prepare reliable financial
reports that would guide the investors in their investment decision making.
OJI, R (2021). Impact Assessment Of Accounting System On Financial Reporting Of Small Scale Industries (A Study Of Selected Small Scale Industries In Abia State). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/impact-assessment-of-accounting-system-on-financial-reporting-of-small-scale-industries-a-study-of-selected-small-scale-industries-in-abia-state-7-2
RHODA, OJI. "Impact Assessment Of Accounting System On Financial Reporting Of Small Scale Industries (A Study Of Selected Small Scale Industries In Abia State)" Mouau.afribary.org. Mouau.afribary.org, 28 Oct. 2021, https://repository.mouau.edu.ng/work/view/impact-assessment-of-accounting-system-on-financial-reporting-of-small-scale-industries-a-study-of-selected-small-scale-industries-in-abia-state-7-2. Accessed 01 Nov. 2024.
RHODA, OJI. "Impact Assessment Of Accounting System On Financial Reporting Of Small Scale Industries (A Study Of Selected Small Scale Industries In Abia State)". Mouau.afribary.org, Mouau.afribary.org, 28 Oct. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/impact-assessment-of-accounting-system-on-financial-reporting-of-small-scale-industries-a-study-of-selected-small-scale-industries-in-abia-state-7-2 >.
RHODA, OJI. "Impact Assessment Of Accounting System On Financial Reporting Of Small Scale Industries (A Study Of Selected Small Scale Industries In Abia State)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/impact-assessment-of-accounting-system-on-financial-reporting-of-small-scale-industries-a-study-of-selected-small-scale-industries-in-abia-state-7-2