The Accounting System: A Factor Affecting the Growth of Small Scale Businesses in Rosario, Batangas

Abstract

INTRODUCTION

Everyone dreams to establish and own a business and to make it successful. On the other hand, extending and prospering its growth depends on the owner's understanding of all issues in small scale businesses. This study was conducted to prove whether or not accounting system is a contributing factor in this phenomenon.

METHODS

A Causal Research Design was used to determine the nature of relationship of the main variables in this research. Under the chosen design, the study focused on the present condition of their selected small scale business in the attempt to explain the cause and effect relationship.

RESULTS

Many respondents who participated in the study perceived that accounting system provides owner the basis of upholding good decision making. Small scale business is significant in the business world because it contributes to the economic growth of nation. In achieving such, regular scheduled seminar or workshop is essential to help and educate small scale businesses to improve their accounting system.

DISCUSSIONS

The results showed that most people involved in businesses adhere to the belief that accounting system plays an important. Following the basic accounting principles is essential in any size of business in stabilizing its span and monitoring the record and financial analysis should be a must to discover new avenues of growth.