ACCOUNTING KNOWLEDGE, MANAGERIAL SKILLS, AND FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN DELTA STATE
Keywords:
Accounting Knowledge, Managerial Skills, Financial Performance, , SMEs, Structured Equation ModelAbstract
It is important that Nigeria come out from this present economic slump. Researchers and economic experts are looking to Small and Medium Enterprises (SMEs) as a means of mitigating the present economic situation in Nigeria. For most nations like Nigeria, the growth and development of their economies depend profoundly on the SMEs. However, many SMEs encounter various challenges, such as inadequate accounting practices, insufficient managerial knowledge, and limited access to finance, which impede their growth and financial performance. Most studies have not placed emphasis on two areas of need: managerial skills and accounting knowledge. This study therefore investigates the impact of managerial and accounting knowledge on the performance of SMEs in Nigeria, taking into consideration the pressing need for SMEs to grow. The study's survey approach gathered data from SMEs in Delta State using a structured questionnaire. It further used a structured equation model for data analysis amidst been anchored on the agency theory, resource-based theory, and contingency theory. The study's findings demonstrated that managerial and accounting knowledge are significant determinants of SMEs' financial performance in Delta State. The study therefore recommended that policymakers and stakeholders need to improve on the accounting and managerial practices in SMEs through various training workshops and capacity-building programmes
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