The Role of Accounting Information in the Success of Small & Medium Enterprises (SMEs) in Zimbabwe: A Case of Harare

Abstract

The contribution of a vibrant Small and Medium Enterprises (SMEs) sector in the socio – economic development of Zimbabwe has been widely recognized. In view of its increasing importance, the success of SMEs has been of interest to a plethora of researchers and economists and has therefore, become the subject of a great deal of analysis. SMEs in Zimbabwe continue to perform badly and hence have not yet played the expected vital and vibrant role of materializing the much needed economic growth and development. This study investigated the role of accounting information in the success of SMEs. The research was prompted by poor performance of many SMEs in Harare. The study was based on a survey. Sample selection was done using both random sampling and researchers’ judgement. Amongst other findings, the study indicates that the majority of SMEs do not use accounting information for decision making. Amongst other policy prescriptions, SMEs in Zimbabwe are encouraged to keep full accounting records in order to facilitate meaningful decision making for their own success.

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