BASIC ACCOUNTING SKILLS NEEDED BY SELF-EMPLOYED BUILDING CRAFTSMEN THROUGH ENTREPRENEURSHIP EDUCATION IN ENUGU URBAN

  • BELOVED C E C ONOH, Ph.D ENUGU STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY, ENUGU
Keywords: impact of globalization, basic accounting records, effective selling price, self-reliance

Abstract

The study was designed to identify the basic accounting skills needs that are acquirable by
self-employed building craftsmen through entrepreneurship education, one research guiding the study. The area oj study was Enugu Urban where 150 building craftsmen in different building trades were identified and used. The instrument used was the
questionnaire with 28 items. Mean was used to answer the research question findings of the study showed that basic accountiing skills are acquired through entrepreneurship education. rxamples include skills in keeping basic accounting records as cash payments
records, cash sales, receipts of payments and supplies, goods and raw materials inventory, bargaining and purchasing skills, ability to determine effective labour costs, skills in sourcing of necessary funds, skills in simple budgeting and in displaying prudence in basic
financial management, integrity and honesty in dealing with all customers and employees. Others include skills in keeping accurate easy to understand records, reliable and consistent records, skills in managing working capital, skills in carrying out market surveys and sales outlets, skills in determining effective selling price and raw material costs, skills in
keeping records of invoices, cheque payments, and customers' ledger cards. Conclusions were drawn that acquiring basic accounting skills by self-employed building craftsmen is more urgent now given the impact of globalization, entrepreneurship and technology education in the world of work. It was recommended that self-employed building craftsmen should necessarily acquire basic accounting skills that the government through its policies should provide the enabling environment for them to develop and grow for self-reliance.

Author Biography

BELOVED C E C ONOH, Ph.D, ENUGU STATE UNIVERSITY OF SCIENCE AND TECHNOLOGY, ENUGU

DEPARTMENT OF TECHNOLOGY AND VOCATIONAL EDUCATION

Published
2018-08-14
Section
Articles