The Relevance of adopting cost accounting techniques on performance of SMEs in Zimbabwe
- Author
- Mamhende, Mashwell
- Title
-
The Relevance of adopting cost accounting techniques on performance of SMEs in Zimbabwe
- Abstract
- This project attests to the relevance of cost accounting techniques on SME performance in Zimbabwe. A survey was carried in Bindura urban area, where 80 questionnaires were distributed online to selected businesses, with 65 valid responses obtained. The research data underwent descriptive and inferential analysis. Findings reveal that SMEs have adopted cost accounting techniques to a relatively low extent. Non-adopters point out knowledge deficits and scarce resources as the main barriers. An analysis of replies shows that adopters attain substantial advantages though they are yet to consolidate the full benefits. Regression analysis supported a significant relationship between adoption of cost accounting techniques and performance of SMEs. The research established that duration in business, alongside educational background, as well as the level of concern for cost accounting, drive the adoption of such practices. The research advocates for financial literacy, a comprehensive framework and policy incentives to promote adoption. The project adds to the body of knowledge on SME sustainability through presenting actionable information that entrepreneurs along with policy makers and scholars can utilise to promote value for money in the SME sector
- Date
- June 2025
- Publisher
- BUSE
- Keywords
- cost accounting techniques
- SMEs in Zimbabwe
- Supervisor
- Nil
- Item sets
- Department of Accountancy
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