The impact of accounting and information systems in rural small and medium-sized enterprise in southern region of KwaZulu-Natal
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Abstract
Accounting information systems (AIS) are among the main success factors that effectively
facilitate the achievement of accounting and financial goals, strengthen the strategic goals OF
small and medium-sized enterprise, and enhance data sharing and honesty. As a result, theaim
of this research was to identify the impact of accounting and information systems in rural small
and medium enterprises (SMEs) in the southern region of Kwazulu-Natal. The following internal
elements were investigated: access to training and development, acceptable accounting skills,
access to infrastructure and the extent to which access to finance affected the development of
rural SMEs. To select the respondents, this study employed a non- probability sampling
technique, specifically, convenience sampling. A designed questionnaire was used to collect
data from 110 respondents. The study was conducted in Umdoni Municipality (Umzinto and
Scottburgh area). With the help of the SPSS computer programmed,the acquired data was
quantitatively analyzed. A regression analysis and Pearson’s correlation analysis were
conducted to address the specific objectives of the study. The results indicated that rural SMEs
should consider implementing accounting systems because it has a positive impact on their
performance. This study advised that rural communities should access training and
development to overcome their challenges. In remote areas, financial literacy mentorship
should be established to teach SMEs basic accounting skills, and financing access for rural
SMEs. The study backs up prior findings and adds to the evidence that a lack of financial and
accounting skills is two of the most significant difficulties that prevents SMEs from implementing
accounting systems.
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A research thesis submitted in full execution of the requirements for the award of the Master of Accounting (Financial Accounting) degree, Durban University of Technology, 2023.
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https://doi.org/10.51415/10321/4774