Document Type
Article
Publication Date
9-27-2024
Abstract
The study is to determine the financial performance of Small and Medium Enterprises (SMEs) in terms of return on investment, sales margin, capacity utilization, and market share as a tool to determine effective management accounting practices, Descriptive research design was utilized, and data were analyzed using weighted mean and Pearson's correlation coefficient analysis. A total of one hundred fifty-eight (158) management accountants of selected SMEs in Quezon province participated in the survey. Study shows the mean perceived level of financial performance as "high level" on SMEs competitors in the dimensions of return on investment, sales margin, capacity utilization and market share. The results also indicate a significant impact of the extent of use of management accounting practices and perceived level of financial performance of SMEs. The results of the study will provide useful inputs for developing guide to improve financial performance to be used by the SMEs in Quezon Province for effective management accounting practices.
Recommended Citation
Reyroso, Joseph Alfred M., and Venus C. Ibarra. "Financial Performance of Small and Medium Enterprises (SMEs) in Quezon Province as a Tool to Determine Effective Management Accounting Practices." Business, Organizations and Society, vol. 2, no. 2, 2024, pp. 90–95. http://doi.org/10.26480/bosoc.02.2024.90.95
