Dolina, Cleo S. <br/><br/>
Compliance with accounting standards of small and medium enterprises in Dasmariņas City, Cavite / 
by Cleo S. Dolina, Maurice Coleen Torres and Kristine Yanesza G. Monton. 
 - Indang, Cavite :  Cavite State University- Main Campus,  2022. 
 - xvi, 98 pages :   illustrations ;  28 cm 
<br/><br/> Thesis (Bachelor of Science in Accountancy) Cavite State University. 
<br/><br/>Includes bibliographical references. 
<br/><br/>College of Economics, Management, and Development Studies (CEMDS)  College of Economics, Management, and Development Studies (CEMDS) 
<br/><br/> DOLINA, CLEO S., MONTON, KRISTINE YANESZA G., & TORRES, MAURICE COLEEN. Compliance with Accounting Standards of Small and Medium Enterprises in Dasmarinas City, Cavite. Undergraduate Thesis. Bachelor of Science in Accountancy. Cavite State University, Indang, Cavite. August 2022. Adviser: Dr. Dolores L. Aguilar. <br/>It is necessary to ensure the welfare of small and medium enterprises since they play a crucial role in the country's economy. Limited access to finance is one of the problems hindering their growth. Their financial information should be relevant and reliable to gain the trust of creditors and investors. Compliance with accounting standards will help these enterprises to guarantee that their financial statements are fairly stated. This study was conducted from June 2021 to August 2022 in Dasmarinas City, Cavite. <br/>The main purpose of this study is to determine the level of compliance of small and medium enterprises (SMEs) in Dasmarinas City with accounting standards. This study aimed to: (a) determine the socio-demographic profile of the participants; (b) determine the profile of the SMEs, and (c) assess the level of compliance of SMEs with the following accounting standards: IAS 1 - Preparation of Financial Statements; IAS 2 - Inventories; IAS 7 - Statement of Cash Flows; IAS 16 - Property, Plant and Equipment; IAS 23 - Borrowing Costs; and IAS 36 - Impairment of Assets. This study was quantitative in nature and used a descriptive research design. The participants of the study were 100 registered SMEs located in Dasmarinas City, equally divided into small and medium enterprises, which were selected using the quota sampling technique. <br/>Frequency and percentage distribution were used to describe the profile of the participants from SMEs and of the business, while the mean was used to determine the level of compliance of the SMEs to the accounting standards and the average of the data with a ratio level of measurement. Using a five- point Likert scale, the level of compliance to each accounting standard, as well as the overall compliance were assessed and determined. The study showed an overall mean of 4.18 implying that the participants are compliant with IAS 1, IAS 2, IAS 7, IAS 16, IAS 23, and IAS 36. It demonstrates that they often adhere to the requirements of accounting standards. Since a non-probability sampling technique is used, the results only apply to the participants, not the entire SMEs located in Dasmarinas City. By providing empirical evidence on the practice of accounting by SMEs, the study contributes to the light literature on accounting standards for SMEs. The paper demonstrates the significance of accounting standards for SMEs. 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Accounting--Standards--Small business<br/>Accounting--Standards<br/>Accounting--Small Medium Enterprises (SMEs)<br/>Small business--Accounting, Standards--Cavite--Philippines
<br/><br/><label>Dewey Class. No.: </label>657.48  / D68 2022