Systematic operational budgeting: the preliminary study on perception of SMEs entrepreneurs / Norhayati Zamri, Norul Akma Mansor and Liyana Ab Rahman.

Zamri, Norhayati and Mansor, Norul Akma and Ab Rahman, Liyana (2018) Systematic operational budgeting: the preliminary study on perception of SMEs entrepreneurs / Norhayati Zamri, Norul Akma Mansor and Liyana Ab Rahman. ASEAN Entrepreneurship Journal (AEJ), 4 (1). pp. 100-108. ISSN 2637-0301(e-ISSN)

Abstract

Inability to acquire and comprehend the required financial and management skills are blamed to be the fathom of failures of small medium enterprises (SMEs) in Malaysia, as reported by Beh (2013). Small business is a critical contributor to Malaysia’s economic recovery and strength, to building Malaysia's future and to compete in today's ever-challenging global marketplace. Realizing the above, it drives the current study to investigate i) the perception of the SMEs entrepreneurs in budgeting and record keeping and ii) the need for a systematic operational budgeting to assist SMEs entrepreneurs in recording basic costing transactions. The findings of this study have implications for SMEs entrepreneurs in Malaysia. It will contribute to existing literature which highlight the lack of systematic operational budgeting among SMEs entrepreneurs in rural areas. Therefore, there is a need for the proper budgeting system that lead for better SMEs transformation and empower entrepreneurship towards a sustainable economy.

Metadata

Item Type: Article
Creators:
CreatorsEmail / ID. Num
Zamri, Norhayatinorha266@perak.uitm.edu.my
Mansor, Norul Akmanorul195@perak.uitm.edu.my
Ab Rahman, Liyanaliyana748@perak.uitm.edu.my
Subjects: H Social Sciences > HD Industries. Land use. Labor > Management. Industrial Management > Planning. Business planning. Strategic planning
H Social Sciences > HD Industries. Land use. Labor > Management. Industrial Management > New business enterprises
Divisions: Universiti Teknologi MARA, Shah Alam > Malaysian Academy of SME and Entrepreneurship Development (MASMED)
Journal or Publication Title: ASEAN Entrepreneurship Journal (AEJ)
Journal: UiTM Journal > ASEAN Entrepreneurship Journal (AEJ)
ISSN: 2637-0301(e-ISSN)
Volume: 4
Number: 1
Page Range: pp. 100-108
Item ID: 43256
Uncontrolled Keywords: SME, Budgeting, Costing system
URI: http://ir.uitm.edu.my/id/eprint/43256

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