Evaluating the Status of the Accounting System in the Small and Medium Enterprises in Jordan

Eman Al Hanini, Ahmad kalbouneh


This study aimed to identify the status of accounting system in the small and medium enterprises in Jordan.  To achieve this aim, a questionnaire was designed and distributed into 100 respondents of owners of small and medium enterprises in Jordan where 80 questionnaires were retrieved and analyzed statistically.  The study concluded that these enterprises lack of requirements of the good accounting system; these enterprises do not employ accountants but they get help from an external accountant where there is a need and these enterprises do not also have appropriate set of documents and do not keep suitable records. And these enterprises prepared only income statement and balance sheet and ignore preparing cash flows statement  and mentioning disclosures. In addition, these enterprises do not audit their accounts at a legal audit office and they do not adapt any of computerized accounting systems.

Keywords: accounting system, documents,  financial statements, qualitative characteristics of accounting information, small and medium enterprises.

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ISSN (Paper)2222-1697 ISSN (Online)2222-2847

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