The Role of the Zimbabwean Government in the Implementation of Management Accounting among Small and Medium Enterprises

• Published in: Journal of accounting, finance and auditing studies finance and auditing studies, 2023-07, Vol.9 (3), p.307-321
• Main Authors: Dlamini, Banele, Schutte, Daniel P, Sibanda, Prisca
• Format: Article
• Language: English
• Subjects: Accounting procedures; Content analysis; Debt financing; Development banks; Economic activity; Economic development; Economic growth; Employment; Entrepreneurs; Entrepreneurship; GDP; Gross Domestic Product; Infrastructure; Management accounting; Small & medium sized enterprises-SME; Small business; Standard of living; Venture capital
• ISSN: 2149-0996; 2149-0996
• DOI: 10.32602/jafas.2023.035

Purpose: This paper aimed to investigate the role of the Zimbabwean government in the implementation of Management Accounting Practices (MAPs) among Small and Medium Enterprises (SMEs). Management accounting is a crucial instrument for success, particularly for SMEs, according to earlier studies. The study noted that there is a dearth of literature on the government's support for the adoption of management accounting SME sector. Methodology: Semi-structured interviews were used to gather information from 88 participants. Zimbabwe has no SME database, hence, a chain referral sampling technique was used. The data were interpreted using qualitative content analysis. Findings: The study found that there is little that is done by the Zimbabwean government in promoting the use of management accounting among SMEs The areas covered in government-sponsored training for SMEs are bookkeeping, entrepreneurship, and tax preparation; management accounting is not addressed. Originality/Value: In order to increase public understanding of MAPs, the research advises the Zimbabwean government to conduct seminars, launch awareness-raising campaigns, and establish policies that encourage the use of management accounting. Purpose: This paper aimed to investigate the role of the Zimbabwean government in the implementation of Management Accounting Practices (MAPs) among Small and Medium Enterprises (SMEs). Management accounting is a crucial instrument for success, particularly for SMEs, according to earlier studies. The study noted that there is a dearth of literature on the government's support for the adoption of management accounting SME sector. Methodology: Semi-structured interviews were used to gather information from 88 participants. Zimbabwe has no SME database, hence, a chain referral sampling technique was used. The data were interpreted using qualitative content analysis. Findings: The study found that there is little that is done by the Zimbabwean government in promoting the use of management accounting among SMEs The areas covered in government-sponsored training for SMEs are bookkeeping, entrepreneurship, and tax preparation; management accounting is not addressed. Originality/Value: In order to increase public understanding of MAPs, the research advises the Zimbabwean government to conduct seminars, launch awareness-raising campaigns, and establish policies that encourage the use of management accounting.