The Influence of Modern Accounting System, Good Internal Controls and Risk Management Affecting the Organizational Management Efficiency of Small and Medium Enterprises (SMEs) in Buriram Province
DOI:
https://doi.org/10.55164/ecbajournal.v18i3.278344Keywords:
Modern Accounting System, Good Internal Controls, Risk Management, Organizational Management Efficiency, Small and Medium Enterprises in Buriram ProvinceAbstract
This study aimed to examine the influence of modern accounting systems, good internal control, and risk management on the organizational management efficiency of SMEs in Buriram Province. The study collected data using a questionnaire from 144 executives of SMEs in Buriram Province. The statistics used for testing the hypothesis were multiple correlation analysis and multiple regression analysis. The study results found that 1) accounting executives of small and medium-sized enterprises (SMEs) in Buriram Province expressed opinions that the implementation of a modern accounting system and the establishment of good internal control were at the highest level, while risk management and organizational management efficiency were rated at a high level. 2) The implementation of a modern accounting system, particularly in the areas of internal auditing and the preparation and presentation of accounting information for decision-making, had a statistically significant positive impact on overall risk management at the 0.05 level. 3) The implementation of a modern accounting system, particularly in the areas of internal auditing and accounting knowledge and skills, had a statistically significant positive impact on overall organizational management efficiency at the 0.05 level. 4) Good internal control, particularly in personnel development and regulatory compliance, had a statistically significant positive impact on overall risk management at the 0.01 level. And 5) Good internal control, particularly in communication, had a statistically significant positive impact on overall organizational management efficiency at the 0.05 level. The study results indicate that the implementation of accounting systems focusing on internal auditing, as well as accounting knowledge and skills, plays a significant role in enhancing risk management and organizational management efficiency.
References
Aaker, D. A., Kumar, V., & George, Day, S. (2001). Marketing research (7thed). John Wiley & Sons.
Arsawang, P. (2014). The relationships between effective leadership and organization management efficiency of food exporting businesses from Thailand to Japan. [Master Thesis, Mahasarakham University]. Academic Resource Center (AREC)
Mahasarakham University. DOI: https://doi.nrct.go.th/ListDoi/listDetail/10.14456%2Fhumsu.2015.49
Boonsong, M. (2021). The effects of risk management on performance : A case studies hotel accredited with accommodation standards for tourism. [Master Thesis, Prince of Songkla University]. PSU Knowledge Bank. https://inlnk.co/ZAVnm
Boonyopakorn, S. (2018). Factors affecting positive internal controls within the office of national economic and social development board. [Master Independent Studies, Thammasat University]. TU Digital Collections.
https://ethesisarchive.library.tu.ac.th/thesis/2018/TU_2018_6002020383_9247_9673.pdf
Chaiyamong, S. (2022). Development of a risk management model of schools under Nakhon Phanom Primary Educational Service Area Office 2. [Master Thesis, Sakon Nakhon Rajabhat University]. E-Thesis SNRU. https://inlnk.co/Mhjoy
Chenhall, R. H. (2003). Management control systems design within its organizational context: Findings from contingency-based research and directions for the future. Accounting, Organizations and Society, 28(2–3), 127-168. DOI:
https://doi.org/10.1016/S0361-3682(01)00027-7
Committee of Sponsoring Organizations of the Treadway Commission (COSO). (2017). Enterprise risk management: Integrating with strategy and performance. https://www.scirp.org/reference/referencespapers?referenceid=4072896
Hair, J. F., Black, W. C., Babin, B. J., Anderson, R. E., & Tatham, R. L. (2006). Multivariate data analysis (6thed.). Pearson Prentice Hall.
Hiransalee, P. (2023). The impact of good internal control system on the operational efficiency of listed companies in the stock exchange of Thailand. Journal of Roi Kaensarn AcademiVol, 8(5), 33-48. retrieved from https://inlnk.co/WvcGm
Imros, A. (2018). Factors affecting the efficiency of internal control in finance and accounting : Case studies of government hospitals in Bangkok. [Master Independent Studies, Sripatum University]. Publisher Sripatum University. https://dspace.spu.ac.th/items/71fc0bb2-0626-40f3-9717-5cecf6cb2154
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360. DOI: https://doi.org/10.1016/0304-405X(76)90026-X
Jitardhan, K. (2017). Internal control factors affecting working effectiveness of internal auditors. [Master Independent Studies, Sripatum University]. Publisher Sripatum University. https://inlnk.co/bSOQm
Jumueang, C. & Bosakoranu, S. (2024). Internal control and risk management affecting operational efficiency of the small and medium enterprises accountants in Bangkok. SSRU Journal of Public Administration, 7(2), 557-573. retrieved from
https://so04.tci-thaijo.org/index.php/SSRUJPD/article/view/273277/185202
Krejcie, R. V. & Morgan, D. W. (1970). Determining sample size for research activities. Educational and Psychological Measurement, 30(3), 607-610. DOI: https://doi.org/10.1177/001316447003000308
Office of Small and Medium Enterprise Promotion. (2024, October 9). List of small and medium sized enterprises. https://www.sme.go.th/servicesme
Ongklang, A. (2021). Development of accounting system for community financial institution: A case studies of Don Ngoen Subdistrict, Chiang Yuen District, Maha-Sarakham Province. [Research report, Rajabhat Mahasarakham University]. RMU.ac.th online. https://fulltext.rmu.ac.th/fulltext/2562/M127729/Ongklang%20Ailadda.pdf
Phathomnuphong, K. (2014). Operation system and internal control assessment of smes: A case studies XYZ co., ltd. [Master Independent Studies, Thammasat University]. TU Digital Collections. https://inlnk.co/LYaMN
Phusee-orn, S. (2018). Educational research and development. Taksila Printing.
Piyathaiseri, P. (2020). Internal control for IPO: Internal control for preparing a company for initial public offering (IPO). The Stock Exchange of Thailand. https://media.live-platforms.com/livepltf/Documents/2023/Dec/guidebook-
internal-control-for-ipo.pdf
Nguyen, T. N. L., Vu, T. K. A., & Bui, T. N. (2023). Impact of internal control on the quality of accounting information at enterprises listed on the stock market in Vietnam. International Journal of Professional Business Review, 8(5), e01010. DOI: https://doi.org/10.26668/businessreview/2023.v8i5.1010
Ninlaphay, S. (2022). The success of accounting system design, internal control effectiveness, and firm performance: Evidence from small and medium enterprises (SMEs) in Thailand. Economics and Business Administration Journal, Thaksin University, 14(3), 105-124. retrieved from https://so01.tci-thaijo.org/index.php/ecbatsu/article/view/248996
Rovinelli, R. J., & Hambleton, R. K. (1977). On the use of content specialists in the assessment of criterion-referenced test item validity. Tijdschrift Voor Onderwijs Research, 2, 49-60. retrieved from https://scispace.com/pdf/on-the-use-of-content-specialists-in-the-assessment-of-4ym9syx9ph.pdf
Santosuosso, P. (2025). A practical approach to designing internal control systems in SMEs. Journal of Open Innovation: Technology, Market, and Complexity, 11(2), 100565. DOI: https://doi.org/10.1016/j.joitmc.2025.100565
Sapcharoenwai, R., & Sanansiang, A. (2018). A study of internal control implementation of secondary schools under Phranakhon Si Ayutthaya Secondary Educational Service Area Office 3. ARU Research Journal, 4(1), 39-45. retrieved from https://so01.tci-thaijo.org/index.php/rdi-aru/article/view/144855
Srisa-ard, B. (2017). Introduction to research. (10th ed). Suweerivasarn.
Tianwan, M., Sirisom, J. & Tantrabondit, T. (2020). The relationship between good accounting system design and accounting information quality of beverage businesses in Thailand. Journal of Accountancy and Management, 12(2), 161-173. retrieved from https://so02.tci-thaijo.org/index.php/mbs/article/view/243968/165482
Tinnakorn, L. (2020). Factors affecting the risk management efficiency and the service quality of public institution in Bangkok. [Master Independent Studies, Sripatum University]. Publisher Sripatum University. https://inlnk.co/UFnHe
Tipmongkon, C. (2021). Factors influencing organizational management efficiency a case studies of super water company limited. [Master Independent Studies, Bangkok University]. DSpace Bangkok University. http://dspace.bu.ac.th/handle/123456789/4778
Weygandt, J. J., Kimmel, P. D., & Mitchell, J. E. (2021). Accounting principles. (14thed.).Hoboken, New Jersey: Wiley.https://books.google.co.th/books?id=gD8DEAAAQBAJ&printsec=frontcover&hl=th&source=gbs_ge_summary_r&cad=0#v=onepage&q&f=false
Wongkongkaew, B. (2022). Internal control in accordance with the coso framework and risk management affecting the performance of government personnel in the lower north. [Master Independent Studies, Sripatum University]. Publisher Sripatum University. https://inlnk.co/iLWMz
Yooto, T. (2022). Factors related to the efficiency of personnel performance of Rayong Provincial Administrative Organization. [Master Thesis, Burapha University]. BUU Digital Collections. https://inlnk.co/KOEfY
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Faculty of Economics and Business Administration, Thaksin University
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
