SMEs OWNERS’ PERCEPTION ON THE VALUE OF ACCOUNTING INFROMATION FOR ECONOMIC DECISION MAKING IN ILORIN METROPOLIS.
The roles of accounting information in the decision making process of a business organization are widely acknowledged by both Practionners and Academics. However, the viewpoints in the vast literatures is that accounting information are prepared and used by large business entities with little or no such practices in Small and Medium Enterprises (SMEs). Given these conflicting trends, this study was set out to provide empirical evidences on the extent to which the SMEs owner/managers believe in the value of accounting information in the decision making process and outcome. The study was carried out through a well-designed survey questionnaires administered randomly to selected sample of 100 SMEs owners/managers. The surveyed data was subjected to both descriptive and inferential analysis, using one-sample t-test to discover level of SMEs owners/managers belief in the value of accounting information. Based on the result, SMEs owners/managers have strong belief in the value of information in enhancing decision outcome. Policy makers are therefore advised to design a policy framework that could enhance the SMEs owners/managers skills in the preparation and usage of accounting information.
