Open AccessExploring The Relationship Between Accounting Professionals And Small And Medium Enterprises (SMEs)
Author(s) -
Heather C. Banham,
Yunke He
Publication year - 2014
Publication title -
journal of business and economics research
Language(s) - English
Resource type - Journals
eISSN - 2157-8893
pISSN - 1542-4448
DOI - 10.19030/jber.v12i3.8723
Subject(s) - business , outsourcing , accounting , scope (computer science) , management accounting , insourcing , small and medium sized enterprises , balance (ability) , accounting information system , marketing , finance , medicine , computer science , physical medicine and rehabilitation , programming language
This study explores the relationship between SMEs and professional accountants and the expectations that they hold for each other. The findings show that SMEs use a combination of insourcing and outsourcing to meet their accounting needs; however, how to balance the two is a very important decision making issue. SMEs frequent reliance on external accountants extends well beyond the normal scope of accounting into other aspects of business administration. The study has important implications for growth and survival of professional accounting firms, education providers, and SMEs.