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The use of financial management practices by small, medium and micro enterprises: a perspective from South Africa
| Content Provider | Semantic Scholar |
|---|---|
| Author | Brijlal, Pradeep Enow, Samuel Tabot Isaacs, Eslyn |
| Copyright Year | 2014 |
| Abstract | This paper reports on an investigation of financial management practices used by small, medium-sized and micro-enterprises (SMMEs) in South Africa. It was found that more than half the SMMEs examined use external accounting staff to prepare accounting reports and more than 60% rely on external accounting staff to interpret and use accounting information. A majority of the SMME owners were found to lack interpretation skills and an awareness of how to use information from financial statements. An implication of this study therefore is that policy makers, business support organizations, banks and academic institutions need to focus on educating SMMEs more effectively in financial management, thereby mitigating the risk of cash flow problems and business failure. |
| Starting Page | 341 |
| Ending Page | 350 |
| Page Count | 10 |
| File Format | PDF HTM / HTML |
| DOI | 10.5367/ihe.2014.0223 |
| Volume Number | 28 |
| Alternate Webpage(s) | http://repository.uwc.ac.za/xmlui/bitstream/handle/10566/3822/Brijlal_The-use-of_2014.pdf?isAllowed=y&sequence=1 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
