Impact of accounting skills on entrepreneurship education for self-reliance and sustainable development: A study of selected small scale business in Owerri municipal Imo state
Mediterranean Journal of Social Sciences
Department Of Accountancy, Alvan Ikoku Federal College of Eduction, Owerri-Imo State, Nigeria; Department Of Business Education, National Open University of Nigeria, Lagos, Nigeria
Accounting skill was found to be contributory to entrepreneurial performance and as such entrepreneurs are advised to embark on capacity building in accounting skill in the area of financial management and record keeping. Entrepreneurs are agents and drivers of development in most economies of the world including Nigeria. The entrepreneur establishes his presence through the formation of a small and medium scale enterprise (SME). Accounting on its part, is of great importance to the development of small and medium scale enterprises. Arguably, accounting is the core academic discipline that aids the entrepreneurial drive given the popular opinion that is the language of business. The objectives of this study is to examine the role of accounting on entrepreneurship education for self- reliance and sustainable development in Nigeria. The study considered the accounting profession and the major role it plays in entrepreneurship development. It is the submission of the authors that entrepreneurs with basic accounting knowledge and entrepreneurial skills stand better chances of becoming self- reliant and attaining business success. The paper recommends among other things that government should remove those obstacles that militate against entrepreneurial development in Nigeria.