Managerial skill and book keeping practices in small-scale business. a case study: industrial division Mbale municipality
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Date
2017-08
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Kampala International University, College of Economics and Management
Abstract
The study aimed at determining the influence of managerial skills on book keeping practices in Small Scale Businesses to answer the following questions; i) What effect do technical skills have on bookkeeping in the Small Scale Businesses? ii) What effect do conceptual skills have book keeping in small-scale businesses? iii) What relationship exists between managerial skills and book keeping? A qualitative research design was adopted to elicit the effect and relationship between managerial skills and book keeping practices in Small Scale Businesses. 45 respondents were systematically sampled; data was obtained using self-administered questionnaires and analyzed using descriptive statistics from Excel package. Research findings revealed that majority 69.95% and 85.84% of respondents in Small Scale Businesses practice technical and conceptual skills respectively but this has little influence on book keeping as only 41.9% do practice. It was further revealed that Small Scale Businesses owners/managers have more of the conceptual skills than the technical skills as indicated by a variation of 15.85%. Study findings derived from Pearson's correlation indicated a moderately positive relationship between managerial skills and book keeping. 33.6% (0.582 ) of the variation in managerial skills is explained by book keeping practices.
Description
Research report submitted to the College of Economics and Management in partial fulfillment of the requirement for the award of Bachelors Degree of Business Administration (Accounting and Finance) of Kampala International University
Keywords
Managerial skill, book keeping, small-scale business, Mbale municipality