Study of Successful Accounting Practices of Small and Medium sized Enterprises in Udonthani

Abstract

   Under the guidelines of the National Economic and Social Development Plan, Thailand has a higher level of development respectively. The Thai economy has a large production base and services that are strong and outstanding in many fields, including the community and local economy.  The researchers, therefore, studied the success of small and medium-sized accounting enterprises. The data were collected from 287 accounting executives both small and medium-sized enterprises in UdonThani. The data were obtained by stratified random sampling and using questionnaires as tools. In the study, the statistics used in data analysis were percentage, mean and standard deviation. The results of the research showed success from small and medium-sized enterprises in UdonThani province. Overall, each enterprise was at a high level in every aspect such as knowledge and ability in understanding correct bookkeeping, accountants’ abilities to solve problems arising from firms, organization skills in document keeping and accounting methods such as recording entries in a notebook from the preliminary list until its completion. The postings from the preliminary entry notebook to the final entry notebook were correct. Posting from an initial journal to the ledger book and the number of documents used in the accounting recording was suitable in their cooperation and coordination skills, such as sending documents related to accounting. The auditor has a role to provide advice on correct accounting, tooling skills used in operations such as fast, accurate, complete and accurate transaction recording and safe access to accounting. In summary, the accounting success of small and medium-sized enterprises management in UdonThani should focus on developing accounting knowledge to keep up with current situations and tools for management to use in the planning of operations to enable the business to grow sustainably.