Abstract
Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:major-latin;
mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:minor-bidi;
mso-ansi-language:EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">The
Small and medium scale enterprises  sector has been recognized worldwide for its
role in economic advancement through ways various like; wealth generation,
employment creation, and poverty reduction (Kithae, Gakure, &Munyao, 2012).
Small and medium scale enterprises are a fundamental part of the economic
fabric in most developing countries, and they play a very important role in
furthering growth, innovation and prosperity. major-latin;mso-fareast-font-family:Calibri;mso-fareast-theme-font:minor-latin;
mso-hansi-theme-font:major-latin;mso-bidi-font-family:"Arial Narrow";
mso-ansi-language:EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">
Although smaller in size, they are the most important enterprises in the
economy due to the fact that when all theindividual effects are aggregated,
they surpass that of the larger companies.

mso-ascii-theme-font:major-latin;mso-fareast-font-family:TimesNewRoman;
mso-hansi-theme-font:major-latin;mso-bidi-font-family:TimesNewRoman;color:windowtext">Accounting
techniques serves as a critical tool for recording, analyzing, monitoring and
evaluating the financial condition of organizations,preparation of documents
necessary for tax purposes, providing information support to many other organizational
functions, (Amidu et al., 2011). In the context of SMEs, accounting techniques
is important as itcan help the firms manage their short-term problems in
critical areas like costing, expenditure and cashflow, by providing information
to support monitoring and control. mso-hansi-theme-font:major-latin;mso-bidi-font-family:Swiss721BT-Light;
color:windowtext">

mso-ascii-theme-font:major-latin;mso-fareast-font-family:Calibri;mso-fareast-theme-font:
minor-latin;mso-hansi-theme-font:major-latin;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi;mso-ansi-language:EN-US;mso-fareast-language:
EN-US;mso-bidi-language:AR-SA">Many small business owners are daunted by the
mere idea of accounting techniques and bookkeeping. But in reality, both are
pretty simple. Keep in mind that bookkeeping and accounting techniques shares
two basic goals: to keep track of income and expenses, which improves chances
of making a profit, and to collect the financial information necessary for
filing various tax returns.


Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:major-latin;
mso-bidi-font-family:Times-Roman;mso-ansi-language:EN-US;mso-fareast-language:
EN-US;mso-bidi-language:AR-SA">According to Goltz (2011), poor accounting
techniques are one of the top ten reasons why small-scale businesses fail. i.e.
you cannot be in control of a business if you do not know what is going on.
With bad numbers, or no numbers, a firm’s is flying blind, and it happens all
of the time, this Calibri;mso-fareast-theme-font:minor-latin;mso-hansi-theme-font:major-latin;
mso-bidi-font-family:"Arial Narrow";mso-ansi-language:EN-US;mso-fareast-language:
EN-US;mso-bidi-language:AR-SA">affect the operations and performance of SMEs in
Nigeria especially this issue of lack of adoption of good accounting
techniques/method which is a worm eating deeply and the large chunk of revenues
generated by these SMEs for their growth and survival.

mso-ascii-theme-font:major-latin;mso-hansi-theme-font:major-latin;color:windowtext">The
major objective TimesNewRoman;mso-hansi-theme-font:major-latin;mso-bidi-font-family:TimesNewRoman;
color:windowtext">aim major-latin;color:windowtext">is to examine the effect of accounting techniques
on small scale business performance.

keyword: SME, accounting, cash basis, balance sheet, accounting principles, accountant