This research consequently has assessed this phenomenon and analyzed literature in an effort to determine the knowledge and use of accounting software and evaluated the relationship between the accounting practices and SMEs in Oman. 97-122.
Most of the respondents (three out of six) agreed that the aspects, namely, theoretical and practical knowledge of accounting software and knowledge of using accounting software such as Tally/ Quick Books/ Peachtree/ ERP/ Generalized accounting software/ Excel/ and so forth among accounting professionals of SMEs in Oman were considered as vital contributors which lead to practical use of accounting software among SMES in Oman. The SMEs are categorized according to the number of employees employed. 1, pp. Wen, Y. Besides, it is suggested for impending studies to use quantitative methods, for instance, case studies specifically on moderators, and each of the independent variables to better comprehend the adoption of accounting software by SME organizations for recording day-to-day accounting transactions. 1, pp. (2020), A review of researches on accounting in China brought by artificial intelligence, 5th International Conference on Economics, Management, Law and Education (EMLE 2019), Atlantis Press, pp. 125-138. 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(2021), "Knowledge and use of accounting software: evidence from Oman", Journal of Industry - University Collaboration, Vol. Recent studies in the field of accounting and management (e.g. (2017) and Kapurubandara and Lawson (2006), and was used to analyze and investigate to qualify SMEs for the purpose of the current study. Andiola, Masters and Norman (2020) noted that accounting and auditing practitioners in their practicing areas require experience, analytic skills and data visualization skills. 10 No. Bui, N.T., Le, O.T.T. and Nguyen, P.T.T. 11 No. 1-21. Ashrafi, R. and Murtaza, M. (2013), ICT adoption in SME in an Arab GCC country: Oman, Small and Medium Enterprises: Concepts, Methodologies, Tools, and Applications, IGI Global, pp.
768-776. (2017), ICT and accounting system of SMEs in Nigeria, Management Science Letters, Vol. The results have further revealed that the knowledge of customized accounting software or ERP exerts a significant impact on the use or adoption of accounting software in current accounting practices of SMEs. 1, pp. 2, pp. Knapp, K. (2019), U.S. Patent No. Senft, S., Gallegos, F. and Davis, A. (2020), Adoption of sustainable accounting practices among croatian SME's, KnE Social Sciences, Vol. 2, pp. 22 No. 13 No. (2010) mentioned that AISs are helpful for recording accounting transactions, analyzing, monitoring and analyzing financial statements of any company. 1-26. Thus, the objectives of this study are to examine the knowledge and use of accounting software among SMEs in Oman. 12 No. Everaert, P., Sarens, G. and Rommel, J. (2019a, b, c) found in their study that ICT has a significant impact on the auditing practices. 1, pp. 94-115. 1624-1651. 64, pp. 1-8. Another view of Tychalas and Karatza (2020) and Arcega et al. (2020) and Arcega et al. You can join in the discussion by joining the community or logging in here.You can also find out more about Emerald Engage. This study has used qualitative approach. Thottoli, M.M., Thomas, K.V. Damak-Ayadi et al. It is also essential that one should know the benefits of the application of rules in a given business environment. Rahman, M.M., Ahammed, M., Uddin, M., Rouf, M. and Uddin, M.M. and Esmero, A. 18, pp. Alhatabat, Z. 2-14. https://doi.org/10.1108/JIUC-04-2020-0005, Copyright 2020, Mohammed Muneerali Thottoli, Published in Journal of Industry-University Collaboration. Information communication technology (ICT) has been used to enhance organizational performance and the reliability of accounting information (Ganyam and Ivungu, 2019; Ogundana et al., 2017; Sami, 2011). Taiwo, J.N. When we asked them about the theoretical and practical knowledge about accounting software, three of the interviewees (professional accountants in SMEs) conclude that the use of computerized accounting software / ERP is easy since it reduces the work of preparing financial statements, budgets, cash flow statements and so on. 907-926. and Ahmed, E.R. Thottoli, M.M. (2017), Adoption of online marketing for service SMEs with multi-criteria decision-making approach, Handbook of Research on Intelligent Techniques and Modeling Applications in Marketing Analytics, IGI Global, pp. Baporikar, N. (2020), Strategy for ICT adoption in SMEs, Handbook of Research on Increasing the Competitiveness of SMEs, IGI Global, pp.
The advantages include increased reliable and accurate financial reports and faster access of financial data, and it ensures fairly improved generation of accounting information through financial statements (Gkten and zdoan, 2020; Ghasemi et al., 2011). (2020), The study of problems moving from the unified accounting system to the international accounting standards, International Journal of Multicultural and Multireligious Understanding, Vol. 21-36. (2011), E-accounting practices among small and medium enterprises in Ghana, Journal of Management Policy and Practice, Vol. []. Another interviewee mentioned that they did not use any programs in their accounting because business was small. The findings revealed that the knowledge of accounting software has a significant effect on the use of accounting software, meaning that there is significant and positive relationship among the knowledge of generalized accounting software and the use of such generalized or customized accounting software by SMEs in Oman. and Chinyere, O. 2, pp. (2020), Management accounting in the digital economy: evolution and perspectives, Improving Business Performance through Innovation in the Digital Economy, IGI Global, pp. The reason for such issues is lack of expertise knowledge in basic accounting, lack of knowledge in generally accepted accounting principles and lack of applicable tax regulation. Hernandez (2020) and Amidu et al. 476-488. 13 No.
The accountant should acquire additional knowledge of accounting software and generalized enterprise resource plan (ERP) (Draijer, 2020) in order to ensure the companies accounts are recorded as per applicable accounting standards or International Financial Reporting Standards (IFRS). (2011), Accounting practices of SMEs in Zimbabwe: an investigative study of record keeping for performance measurement (A case study of Bindura), Journal of accounting and taxation, Vol. Based on practical experience and basic knowledge in the field of accounting, a total of six members are selected as the sample size for the study. 2, pp. Amidu, M., Effah, J. and Abor, J. Teddlie, C. and Tashakkori, A. Also, this existing study may help assist the policymakers, especially by Ministry of Oman, tax authorities in Oman, higher educational institutions and government in particular, to set right and consider policies linked to the knowledge of basics of accounting and knowledge of use of accounting software or ERP. and Phuc, V.K. Allen, W. (1999), The future of accounting education, Pacific Accounting Review, Vol. Rndau, S.M. 1, pp. 01-15. Hassan (2020), Ahmed et al. 21-41. 5 No. This leads SMEs not meeting their business goals (Alhatabat, 2020). 4, pp. Anderson et al. Huy, P.Q. and Cochran, J.J. (2020), Modern Business Statistics with Microsoft Excel, Cengage Learning, Boston, MA. (2020), Management accounting practices among vietnamese small and medium enterprises, Asian Economic and Financial Review, Vol. 54, pp. 68 No. This means, the study has established a good professional experience with the interviewees to develop the quality of the interview questions and thus improve the analysis, and considered follow-up questions and explanations where required. 30-43. (2019), Effect of accounting information system on financial performance of firms: a review of literature, Journal of Business and Management, Vol. Usually, the result of the semi-structured discussions with respondents was consistent with and validated the qualitative findings presented, which found that all aspects (customized accounting software) had significant impact on practices among accounting professionals in various SMEs. Gkten, S. and zdoan, B. Ashrafi and Murtaza (2008) in their study provided that only a very a smaller number of SMEs in Oman are aware of the available accounting software and its adoption. Lack of use and knowledge of accounting software leads to continued manual accounting that may be very hard for business owners, especially SMEs, to monitor financial health of their businesses. Ibrahim, F., Ali, D.N.H.
347-358.
Bui et al. 1 No. Xu, X. 1 No. One prominent professional auditor had strong reservations about the [] customize the new international standard of accounting require us to update the ERP and sometime that is not available which require us to change the ERP. Updating recent changes in accounting standards or IFRS in ERP software requires assistance from software vendors. 456-480. (2016) have claimed that the usage of computerized accounting system by SMEs has much improved their performance. Damak-Ayadi, S., Sassi, N. and Bahri, M. (2020), Cross-country determinants of IFRS for SMEs adoption, Journal of Financial Reporting and Accounting, Vol. Further, software consultants should also know current accounting and tax regulations issued by government to develop customized accounting software for Omani SMEs. Some of the records prepared by their accountants were incomplete due to not being able to reach proper decisions by the management. 9 No. 226-243. 7 No. In addition, accounting / ERP software, Adobe Acrobat, PowerPoint and the FASB Codification were recognized as often employed across various accounting areas and practical knowledge levels. 2. Only a small number of SMEs in Oman know the benefits of available accounting software and ICT adoption. and Bradley, K.P. 3 No. These and many more difficulties are encountered while using the traditional method of recording of accounting transactions, which has given birth to ICT (Turner et al., 2020; Nyathi et al., 2018). 1, pp. This was one of the barriers of economic growth of China. 12 No. Thus, there is a strong relationship between the knowledge of basic accounting (including knowledge of IFRS) and use or adoption of accounting software to record day-to-day accounting transactions. (2015) was that by using computerized accounting system, the respondents tend to complete their jobs successfully, and it also enhances their quantity and quality of work. 
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