The use of financial management practices by small, medium and micro enterprises: a perspective from South Africa

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dc.contributor.authorBrijlal, Pradeep
dc.contributor.authorEnow, Samuel
dc.contributor.authorIsaacs, Eslyn B.H.
dc.date.accessioned2018-06-21T12:11:19Z
dc.date.available2018-06-21T12:11:19Z
dc.date.issued2014
dc.description.abstractThis paper reports on an investigation of financial management practices used by small, medium-sized and micro-enterprises (SMMEs) in South Africa. It was found that more than half the SMMEs examined use external accounting staff to prepare accounting reports and more than 60% rely on external accounting staff to interpret and use accounting information. A majority of the SMME owners were found to lack interpretation skills and an awareness of how to use information from financial statements. An implication of this study therefore is that policy makers, business support organizations, banks and academic institutions need to focus on educating SMMEs more effectively in financial management, thereby mitigating the risk of cash flow problems and business failure.en_US
dc.identifier.citationBrijlal, P. et al. (2014). The use of financial management practices by small, medium and micro enterprises: a perspective from South Africa. Industry & Higher Education, 28(5): 341 – 350.en_US
dc.identifier.issn0950-4222
dc.identifier.urihttp://dx.doi.org/10.5367/ihe.2014.0223
dc.identifier.urihttp://hdl.handle.net/10566/3822
dc.language.isoenen_US
dc.privacy.showsubmitterFALSE
dc.publisherSAGE Publicationsen_US
dc.rightsThis is the author-version of the article published online at: http://dx.doi.org/10.5367/ihe.2014.0223
dc.status.ispeerreviewedTRUE
dc.subjectFnancial managementen_US
dc.subjectSMMEsen_US
dc.subjectFinancial planningen_US
dc.subjectFinancial accountingen_US
dc.subjectFinancial analysisen_US
dc.subjectSouth Africaen_US
dc.titleThe use of financial management practices by small, medium and micro enterprises: a perspective from South Africaen_US
dc.typeArticleen_US

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