SMALL AND MEDIUM SCALE ENTERPRISES SUSTAINABILITY IN A DEPRESSING ECONOMY: THE STRATEGIC ROLE OF NIGERIAN ACCOUNTANTS

  • KPURUGBARA, NWINEE Imo State University, Owerri
  • YIKAREBOGHA, EROROGHA AKPOS Federal University Otuoke,
  • AHIUZU, LEVI UCHE Federal College of Education (Technical). Omoku
DOI: https://doi.org/10.53555/ams.v3i2.1038
Keywords: Accountants, Disclosure, Economic, environmental, SMEs, Social,, Sustainability

Abstract

This paper focused on examining Small and Medium Scale Enterprises Sustainability
in a Depressing Economy: The Strategic Role of Nigerian Accountants. This study took a
descriptive survey approach and data was sourced from the 177 completed and returned five
point likert scale questionnaire administered on accountants drawn from 40 SMEs in Rivers and
Enugu State. T-test was used to analyze the data gathered with the aid of 20.0 version of
statistical package for social sciences (SPSS). It was observed that SMEs in Nigeria are
challenged by the poor national economic outlook that is hampering their competitiveness and
threatening their sustainability. Hence, the study concludes that to satisfy the three bottom-line
or pillars of sustainability, Nigerian accountants must be made strategic internal partners in
SMEs as they have very important roles to play especially in the areas of environmental and
economic sustainability of the firms. It was recommended that SMEs should engage in their
employ qualified accountants who can guide and advice it on financial matters in other to
enhance their sustainability, Training of accountants on environmental disclosure is very key to
the sustainability of SMEs, There is need to ensure that SMEs do not just focus on immediate
gains when developing their strategies, they should as a matter of strategic importance inculcate
sustainability components in their strategies

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Author Biographies

KPURUGBARA, NWINEE, Imo State University, Owerri

Department of Accountancy
Imo State University, Owerri

YIKAREBOGHA, EROROGHA AKPOS, Federal University Otuoke,

Bursary Department,
Federal University Otuoke,

AHIUZU, LEVI UCHE, Federal College of Education (Technical). Omoku

Department of Accounting Education
Federal College of Education (Technical). Omoku

Published
2017-02-28
How to Cite
NWINEE, K., AKPOS, Y. E., & UCHE, A. L. (2017). SMALL AND MEDIUM SCALE ENTERPRISES SUSTAINABILITY IN A DEPRESSING ECONOMY: THE STRATEGIC ROLE OF NIGERIAN ACCOUNTANTS. IJRDO - Journal of Applied Management Science, 3(2), 52-63. https://doi.org/10.53555/ams.v3i2.1038
Issue
Vol. 3 No. 2 (2017): IJRDO - Journal of Applied Management Science
Section
Articles

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