Adoption of Accounting Information System Practices by Entrepreneurs in Sri Lanka (with Special Reference to Polonnaruwa District)

D.G.P. Kaluarachchi

Abstract


Abstract

Technology is having a rapid change in the world. Most of the multinational companies are engaging their systems with the sufficient experience and consulting in their business. But Small and Medium Enterprises are not sufficiently in condition to have the consulting facilities in their business. Recently entrepreneurs also adapt to use the accounting information systems to their business activities. While considering on the accounting information system there are number of selection of many AIS software packages in the world. As an Entrepreneur they have to select the correct and efficient Accounting Software package which is more suitable for their business.


The purpose of this study is to identify the AIS software used by the entrepreneurs and evaluate the level of satisfactory implementation of the AIS software packages in the small business. The background of the choice of system selection will indicate the company size, selection of AIS, cost of the system, number of systems and the facilitated features of the systems, knowledge of the system users and the company outflow. Satisfaction of the entrepreneurs on their system is the dependent variable.


The study mainly focuses on the accounting information system practices adapted by entrepreneurs’ life in Sri Lanka with special reference to Plonnaruwa District of North Central Province in Sri Lanka. For the purpose of finding data, it was collected by issuing a questionnaire to a selected sample from entrepreneurs of those who are registered in SMEs in Chamber of Commerce in 2012 from Polonnaruwa District of North Central Province in Sri Lanka.
Based on the results generated in the data collection it explains that the knowledge of the system users and the cost of the implementation of the system is a common problem to the entrepreneurs. Some of them are having some doubt in selecting the appropriate accounting system to their business. Dependent variable of Satisfaction of the entrepreneurs on their system has been developed through the selection of the system and the knowledge of the system users.

Keywords: Small and Medium Enterprises (SMEs), Accounting Information System (AIS)


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Faculty of Management Studies & Commerce