ACCOUNTING SKILLS AND PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN EKITI STATE OF NIGERIA

This study investigates the relationship between accounting skills and business performance and the impact of accounting skills on the financial health, profitability, and growth among SMEs in Ekiti State.It adopted a descriptive survey research design.The findings revealed a significant relationship between accounting skills and business performance among SMEs in Ekiti State.Additionally, SMEs with well-developed accounting skills demonstrate enhanced record-keeping, financial planning, and resource allocation, which in turn positively impacted their operational efficiency.The study concludes that accounting skills significantly impact the financial performance and growth of SMEs and also proper application of accounting practices enhances profitability, promotes sustainable growth, and improves financial health among SMEs in Ekiti State.However, the absence of these skills often leads to financial mismanagement, reduced profitability, and stagnant growth.The study recommends training programs to equip SME owners and managers with practical accounting skills.Furthermore, government should provide incentives for SMEs to adopt professional accounting practices and at the same time promote the importance of accounting practices through targeted campaigns for SME operators.