The Preparation and Use of Accounting Information for Business Performance Measurement of SMEs in Phayao Province
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Abstract
This research aims to study the situation of accounting and the use of accounting information to measure the performance of SMEs. The population used in this study was SME businesses in Phayao Province. A random sample of 321 SMEs was grouped by business types. 267 completed questionnaires were analyzed by using descriptive statistic (percentage, mean, standard deviation).
The research found their Accounting is done by hiring an accounting firm of 62.91%, and prepared their own Accounting of 37.10%. In terms of Accounting records It uses a combination of manual and computerized recording methods of 50.50% and operated by accounting software package of 13.50 percent. All samples of this study were collected Accounting vouchers, such as the accounting receipts/tax invoices/expense etc. Prepared financial reports such as profit and loss statements, etc. were 71.9 percent. Research finding of in the use of accounting information of majority of samples revealed that to help them in making decisions about changes to future investment in most of the levels which are equivalent to 4.64. The sample used the account information from the Income statement included income and costs in most levels, which have an average value equal to 4.78, followed by the accounts receivable and accounts payable amounts used in decisions, which have an average value equal to 4.29. This research has collected additional information on the review after accounting preparation of the sample group. It was found that most of the samples were reviewed after accounting preparation of 59.60%. In the aspect of accounting consultants of the sample group, it was found that 89.60 percent of samples did not have accounting consultants. The findings of the study can be used by relevant agencies, both the public and private sectors to develop and promote knowledge for SMEs to pay attention to the worth of Accounting Preparation of SMEs to increase the efficiency of management for the business to have better and sustainable operations.
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