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Involving the accounting profession in the development of financial management skills of micro‐enterprise owners in South Africa

Involving the accounting profession in the development of financial management skills of... In order to be successful, micro‐enterprise owners in South Africa face several management challenges. To overcome these challenges it is crucial that they possess sufficient financial management skills to ensure business survival and growth. This article focuses on determining the extent to which the critical financial management skills that micro‐enterprise owners in South Africa require differ from those they possess, in order to identify specific interventions to develop the skills that are lacking. It was found that most micro‐enterprise owners do not possess the critical financial management skills required. Recommendations are made on how members of the accounting profession could become involved in developing these skills. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Meditari Accountancy Research Emerald Publishing

Involving the accounting profession in the development of financial management skills of micro‐enterprise owners in South Africa

C.L. Schwarze
Meditari Accountancy Research , Volume 16 (2): 13 – Oct 1, 2008
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References (22)

Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
1022-2529
DOI
10.1108/10222529200800017
Publisher site
See Article on Publisher Site

Abstract

In order to be successful, micro‐enterprise owners in South Africa face several management challenges. To overcome these challenges it is crucial that they possess sufficient financial management skills to ensure business survival and growth. This article focuses on determining the extent to which the critical financial management skills that micro‐enterprise owners in South Africa require differ from those they possess, in order to identify specific interventions to develop the skills that are lacking. It was found that most micro‐enterprise owners do not possess the critical financial management skills required. Recommendations are made on how members of the accounting profession could become involved in developing these skills.

Journal

Meditari Accountancy Research – Emerald Publishing

Published: Oct 1, 2008

Keywords: Accounting profession; Financial management; Financial management skills; Micro‐enterprises; Micro‐enterprise owners; Skills development; Social responsibility

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