Okewale JA, Makinde KO, Olusola OO, Sotunde OA
This study was embarked upon as the contribution of Accounting field towards sustainable Small and Medium Scale Enterprises (SMEs), using Ogun State as a pilot study. The sample size for the study was based on all of the registered small and medium scale enterprises (SMEs) in Ogun State, comprising Two thousand, four hundred and sixty-five (2,465) and Accounting Educators (AEs) selected across one each of the Federal, State and Private Universities in Ogun State. The Taro Yamme’s (1967) formulae was used to randomly select three hundred and forty-four (344) SME owners, while Senior lecturers and above were selected as the respondents for Accounting Educators. A self-designed 5-points Likert rating scale Questionnaire was designed for the study and administered to respondents via Google Form software. The Pearson Product Moment Correlation Coefficient (PPMCC) technique alongside t-test was used to analyse the gathered data. The results revealed that all of the Accounting Skills, such as the Management Accounting Information Skills (MAIS); Pricing Policy Skills (PPS); Budgeting, Risk and Uncertainty Skills (BRUS); and General Business Related Skills (GBRS) are very much important and needed by the SME owners for the sustainability of their enterprises, while Other Accounting Skills (OAS) that include Business Law, Financial Accounting, Taxation, and Tax Matters, Financial Management, and Auditing & Ethics are least important to the SME operations. The study therefore concluded that Management Accounting Information Skills was statically significant to be the skills needed by SME owners, thus, should be greatly emphasized in universities, while also taking into cognizance the needs of SME/small business accounting in the teaching-learning process.