Contrasting the accounting difficulties of small to medium entities (SMEs) with large organisations

Lee, Hyelim and France, Adrian (2018) Contrasting the accounting difficulties of small to medium entities (SMEs) with large organisations. Applied Management Conference, Hamilton, New Zealand, 23-25 October, 2018.

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Abstract or Summary

This study aims to explore the current accounting difficulties of small to medium entities (SMEs) by contrasting them with large corporations according to the changes in financial standards with the introduction of the tier system in New Zealand. Also, the development of GAAP and IFRS adoptions relating to SMEs were examined from previous literature for a better understanding of the financial reporting system in New Zealand. This research used a qualitative approach in order to collect data, primarily through interviews, for an in-depth knowledge and experience from accountants in the field. Data was based on a convenience approach and analysed to produce results and recommendations. The study found that accountants in SMEs feel that updated financial requirements are more simplified than before, and more user friendly compared with large entities. However, it also provides insight into what skills and specific areas needs to be developed for accountants’ future directions. The research recommendation is that in the future conducting a wide range of interviews will be required to add different elements to this research and provide more clarification for distinguishing SMEs.

Item Type:Paper presented at a conference, workshop or other event, and published in the proceedings
Keywords that describe the item:small to medium entities, SMEs, accounting
Subjects:H Social Sciences > HF Commerce
Divisions:Schools > Centre for Business, Information Technology and Enterprise > School of Business and Adminstration
ID Code:6490
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Deposited On:17 Dec 2018 23:18
Last Modified:17 Dec 2018 23:18

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