Utilization of Accounting Information System in Managing Revenue for SMEs in Gombe Local Government Area
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Background of the Study
Small and Medium Enterprises (SMEs) play a critical role in the economic development of Gombe Local Government Area (LGA). However, revenue management remains a challenge for many SMEs, primarily due to the reliance on manual accounting practices. The introduction of an Accounting Information System (AIS) offers the potential to improve the accuracy, efficiency, and timeliness of revenue management. This study aims to explore how SMEs in Gombe LGA utilize AIS for managing revenue and assess its effectiveness in enhancing financial performance.
Statement of the Problem
The revenue management practices in SMEs in Gombe LGA are often inefficient, prone to errors, and lack transparency. These issues can lead to financial mismanagement, which affects business sustainability. While AIS can improve revenue collection and management, its adoption has been slow due to various challenges, including lack of awareness and high implementation costs.
Aim and Objectives of the Study
Aim: To investigate the utilization of Accounting Information Systems in managing revenue for SMEs in Gombe Local Government Area.
Objectives:
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To assess the current revenue management practices in SMEs in Gombe LGA.
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To determine the extent to which AIS is utilized by SMEs in Gombe LGA for revenue management.
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To evaluate the effectiveness of AIS in improving revenue collection and management in SMEs.
Research Questions
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What are the current revenue management practices in SMEs in Gombe LGA?
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To what extent are SMEs in Gombe LGA utilizing AIS for managing their revenue?
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How effective is AIS in improving revenue collection and management in SMEs in Gombe LGA?
Research Hypothesis
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H₀: There is no significant effect of AIS utilization on revenue management efficiency in SMEs in Gombe LGA.
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H₀: The extent of AIS utilization has no significant relationship with revenue performance in SMEs in Gombe LGA.
Significance of the Study
This study will contribute to understanding the role of AIS in improving revenue management for SMEs, providing recommendations for policy interventions and strategies to enhance the financial sustainability of SMEs in Gombe LGA.
Scope and Limitation of the Study
The study will focus on SMEs in Gombe LGA, examining their use of AIS in revenue management. Limitations may include resistance to adopting technology and access to reliable financial data from SMEs.
Definition of Terms
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Small and Medium Enterprises (SMEs): Businesses with a limited size in terms of employees or revenue, typically contributing significantly to local economies.
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Accounting Information System (AIS): A system that helps businesses to manage and process financial data, including revenue, expenses, and profits.
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