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Associations between Financial Strength and Accounting Methods |
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| รหัสดีโอไอ | |
| Creator | Supanee Injun |
| Title | Associations between Financial Strength and Accounting Methods |
| Publisher | Faculty of Management Science Nakhon Pathom Rajabhat University |
| Publication Year | 2562 |
| Journal Title | Journal of Management Science Nakhon Pathom Rajabhat University |
| Journal Vol. | 6 |
| Journal No. | 1 |
| Page no. | 17-31 |
| Keyword | Accounting Methods, Financial Strengths, SMEs |
| URL Website | https://so03.tci-thaijo.org/index.php/JMSNPRU/issue/view/13257 |
| Website title | https://so03.tci-thaijo.org/index.php/JMSNPRU/index |
| ISSN | 2392-5817 |
| Abstract | This research studied the associations between accounting methods and financialstrengths of the small and medium sized enterprises (SMEs) that registered in the RevenueDepartment's 'Single Set of Accounting Books' Program in Nakhon Pathom Province. Theresearcher chose the research techniques to ensure that genuine data was provided, namely:the structured interview. The result of 342 structured interviews with the SMEs ownersindicated that most of the SMEs adopted the methods that were easy to understand and toprepare. The financial strength of SMEs showed extremely different values. The statisticalanalysis at 0 .0 5 level of confidence using Kruskal-Wallis H indicated these statisticallysignificant associations: financial strength of liquidity had the most association with accountingmethods, the firms using the average method of inventory valuation had higher financialstrength than the firms using FiFo, the firms using the straight line method of depreciationcalculation had higher financial strength than the firms using working-hour rate, the firms usingthe accrual basis for income realization had higher financial strength than the firms using thecash basis. The researcher suggested that the related government organizations shouldprepare an accounting computer application that provides choices for the right accountingmethods that is opted for different types of SMEs to increases their financial strength andconformed to the regulations, not for only their convenience, and that a general employeeof SMEs could do the data entry and financial report generating soon enough for the decisionmaking of the owners. Suggestions for future research included the research that couldimprove the accounting computer application that provides right choices of accountingpractices and more befitting to SMEs, and identify the direct effects of accounting methodson financial strengths |
