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Adoption of financial and accounting services outsourcing among small medium entreprises

Ramin, Ahmad Kaseri and Wan Yusoff, Wan Fauziah and Nasir, Noreina Kepal (2013) Adoption of financial and accounting services outsourcing among small medium entreprises. In: 2nd International Conference on Technology Management, Business and Entrepreneurship 2013 (ICTMBE 2013) , 4-5 December 2013, Melaka, Malaysia .

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Abstract

Third Party Service (TPS) outsourcing has been an integral part of firms’ strategy operations in view of the limited resources and capabilities particularly for the small and medium enterprises (SMEs). TPS outsourcing include the adoption of financial and accounting services outsourcing (FAO) from third party instead of having internal financial and accounting operations. Despite the importance of financial and accounting function in any business operation, the least resources were normally allocated to this function as compared to other operations such as production and marketing. The study was aimed to identify the types of FAO activities and factors influence the adoption of FAO among SMEs. Questionnaires were used as the instrument for data collection and a total of 90 SMEs were participated in the study. Descriptive analysis was performed to identify the types of FAO adopted and factors considered by SMEs to adopt FAO. The study found that the general accounting and taxation were the most two functions commonly outsourced by the respondents whilst budgeting and management reporting were the least functions outsourced to third party. The other findings revealed that accessibility to external skills expert services and competencies were the main factor for adoption of FAO among SMEs.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: business process outsourcing; financial and accounting outsourcing; third party outsourcing
Subjects: H Social Sciences > HF Commerce > HF5001-6182 Business
H Social Sciences > HG Finance
Divisions: Faculty of Technology Management and Business > Department of Technology Management
Depositing User: Normajihan Abd. Rahman
Date Deposited: 10 Jun 2014 00:38
Last Modified: 21 Jan 2015 08:16
URI: http://eprints.uthm.edu.my/id/eprint/5037
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