ADVANTAGE, USAGE, AND RELATIONSHIP OF ACCOUNTING AND FINANCIAL KNOWLEDGE IN SMALL AND MEDIUM ENTERPRISES
Keywords:Knowledge of Accounting, Knowledge of Finance, Benefit of Accounting Knowledge, Benefit of Financial Knowledge
This article presents the use of accounting and financial knowledge, the benefits of using the knowledge of accounting and finance and the relationship between the use and the benefits of accounting and financial knowledge for the small and medium enterprises offering the community products. The respondents of this study were 70 small and medium enterprises which produced community products in Pathumthani province in 7 districts and each district consisted of 10 business. The data were collected by using self-reported questionnaires with quota and snow ball effect sampling. After data collection, the descriptive statistics such as frequency, percentage, mean and standard deviation were employed for data analysis. In terms of hypotheses testing, the Pearson’s correlation, and simple and multiple linear regression were used to test the predictive and causal relationships between the use and the benefits of using accounting and financial knowledge.
The study found that most of the respondents have the small and medium enterprises with no more than ten members / employees, earned revenue between 10,000-50,000 baht, owned the capital investment, employed an accounting officer and conducted corporate accounting. Pearson’s correlation indicated that all variables are moderately and highly correlated. The regression model analysis indicated 3 equations with the coefficients as of .768 .673 and .734, respectively.
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