An integrated training and client service guidance framework for professional Accountants of SMES
- Authors: Beck, Tracy Geraldine
- Date: 2022-12
- Subjects: Training , Accountants -- Professional ethics
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59467 , vital:62120
- Description: Small and medium-sized accounting practices (SMPs) are vital to the accounting profession and represent most accounting practices globally. It is commonly assumed that SMPs employ the majority of professional accountants within the accounting field whose clients are typically small and medium-sized business entities (SMEs). SMEs account for most of the businesses around the world and play an important role in the development of economies as well as job creation. In a rapidly changing business environment, SMEs require a wider range of services and support from their professional accountants, thus, the needs and expectations of SMEs are constantly changing. Given the important contribution SMEs make to economic development, job creation, growth and innovation to communities globally, the success and survival rates of these businesses are of the utmost importance. Professional accountants of SMEs need to possess the relevant knowledge, skills, competencies and practical experience to provide professional business advisory services (non-accounting services) to create more value for the SME client. Research suggests that the SMEs decision to outsource business advisory services from their professional accountants is influenced by the relationship between the professional accountant and SME including the manner in which traditional compliance accounting services are provided (client services). In response, the objective of this study was to propose a graphical and narrative integrated training and client service framework to guide SME professional accountants. The framework provides guidance in respect of the knowledge, skills, competencies and practical experience a modern-day professional accountant should obtain during the various phases of learning and training whilst pursuing a career as a professional accountant. The framework further enhances the understanding of the traditional accounting services, client services and non-accounting services SME clients desire from their professional accountants as well as the role of professional accountants in providing or obtaining such services to ensure that the expectations of the client are met and, more importantly, contribute to the success of the SME. ABSTRACT vi An interpretivist research paradigm and a qualitative methodological approach were deemed most suitable for the current study. The interpretivist research paradigm approach enabled the researcher to understand the phenomena being studied by sharing the participants’ experiences in their own words thereby gaining a deeper understanding of the desires, services, skills and competencies they required or provided. The research population consisted of two population groups, firstly, professional accountants, accountants or bookkeepers who were either owners or were employed at SMPs and, secondly, SME owner-managers or the persons responsible for the accounting function employed at the SME. The research instrument used to guide the key-informant interviews in this research were two semi-structured interview schedules, one for each identified population group, which were divided into sections based on the themes and sub-themes. Based on key findings, the study proposes an integrated training and client service framework to guide SME professional accountants. The framework includes seven components, namely, formal higher education accounting programmes, workplace training, professional accountant, traditional accounting and client services, trust relationships, non-accounting services as well as networks of experts and other professionals. An important recommendation of the study is that professional accountants must effectively communicate and market their services to current as well as prospective SME clients to ensure that clients are aware of the potential services which can be provided or obtained from a trusted expert. The professional accountant could thus be regarded as a one-stop professional practice. The survival of the accounting profession in a constantly changing business environment is dependent on how the profession adapts to change including technological advancements. Professional accountants need to be able to provide value-added and specialist services to their SME clients as well as enhance the current quality level of client services. , Thesis (PhD) -- Faculty of Faculty of Business and Economics Science, School of Applied Accounting, 2022
- Full Text:
- Date Issued: 2022-12
Economic impact assessment of the national youth development agency (NYDA) grant fund in the Eastern Cape
- Authors: Fotoyi, Asanda
- Date: 2022-12
- Subjects: Economic impact analysis , Youth development, Eastern Cape
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59424 , vital:62093
- Description: Since the dawn of democracy in South Africa, the country has adopted several youth policies aimed at promoting young peoples’ education and training, employment, entrepreneurship, and healthy lifestyles. Still, however, the country battles high youth unemployment rates, which increased from 35.7% in 2010 to 41.0% in 2019. Such issues exist despite the NYDA being established in 2008 to coordinate youth strategies in the country. The NYDA strategic areas include: economic participation, education and skills development, health and wellbeing, knowledge management, and governance. Of note is that NYDA grant funding has been specifically designed to provide young South African entrepreneurs with an opportunity to access both financial and nonfinancial business support to establish or expand their businesses. Over a period of 7 years (2013-2019), the NYDA has grant funded a significant number of youth-owned businesses across the country, to the value of about R204.5 million. Given the large amount of public funds invested through NYDA grant funding, it is important to assess whether or not this investment has been favourable in terms of achieving its goals. This determination is especially important, as governmental resources are scarce and subject to opportunity cost, in that some alternatives have been forgone in favour of the NYDA mandate. The present study was, therefore, necessary, as, since the inception of NYDA grant funding, its economic impact has not been scientifically measured or assessed. As such, there has not been any scientific basis to justify NYDA grant funding. In particular, this thesis assessed the economic impact of the NYDA grant funding in the Eastern Cape. The effectiveness of the NYDA grant funding was examined against its objectives: improved entrepreneurship participation, business skills development and support, and improved creation of job opportunities. The primary hypothesis was tested using a cost-benefit analysis (CBA). The CBA method was adopted as it is a well-established economic assessment method to test policy interventions. This method is also based on methodological rigour and was determined to be most applicable for this present research endeavour. v The notion behind using the CBA was to quantify the net benefits of NYDA grant funding for youth businesses by comparing the benefits with the corresponding costs. In order to determine other factors that influence the turnovers of NYDA grant funding recipients’ businesses, secondary hypotheses were then tested by using a least absolute deviation (LAD) regression analysis in respect to cross-sectional data relating to the respondents’ annual turnovers over the years 2014-2019. The LAD estimation method was used primarily due to its robustness in comparison to ordinary least squares (OLS). This study made use of a questionnaire to collect data on the demographics of the NYDA grant funding beneficiaries. As well as the beneficiaries’ business characteristics, their subjective perceptions on the impact of the NYDA support interventions, and business-specific challenges. The Raosoft calculator was used to calculate the sample size at a 5% margin of error. The scientifically sound sample size of the respondents, according to the Raosoft calculator, was 246 out of 681 clients. The respondents were drawn from the Eastern Cape areas by means of face-to-face survey interviews as well as a digitised research instrument that was circulated using several online platforms (e.g., email, WhatsApp, and Facebook). The total number of respondents who ultimately participated in this study was 253. In order to achieve Denzin’s (1978) triangulation, a focus group session was also conducted with selected NYDA grant beneficiaries. The focus group discussion for this research was held using the online platform, Microsoft Teams (MS Teams). The survey analysis findings of the study suggest that the demographics of the NYDA grant funding beneficiaries are a general reflection of the Eastern Cape’s overall youth entrepreneurship trends. As such, there were more male youth entrepreneurs compared to female youth entrepreneurs. The involvement of youth in business improved in correspondence with age -groups. The population groups of the grant funding beneficiaries also reflected the country’s racial demographics. In terms of business characteristics, the survey analysis findings revealed that NYDA grant funded businesses function across various sectors of the economy and largely operate out of homes. These businesses primarily serve local households and communities, have generally been operating for 3-5 years, and were largely started because the owner recognised an opportunity in the market. In terms of business assistance from vi NYDA, it was found that the grant funding was mostly utilised for asset finance. In terms of business challenges, market conditions were highlighted as negatively impacting youth businesses. However, the participating business owners were primarily inward-looking when seeking to address their challenges. A further finding from the survey analysis revealed that many NYDA grant funded businesses tended to increase the number of jobs created in the period under review. The CBA findings, in turn, showed that the public expenditure in Eastern Cape youth businesses through NYDA grant funding was economically viable during the period under review, since the benefit-cost ratio (BCR) exceeded ‘1’ (the net present value (NPV) was also positive). The regression estimation findings further indicated gender, education, and industry gross domestic product (GDP) growth rates also had a significant impact on the annual turnovers of the youth businesses. The focus group findings highlighted that most beneficiaries derive value from NYDA grant funding. However, there is scope for improvement in the areas of access to finance, turnaround times, access to markets, links to the entrepreneurship ecosystem, administrative burden, mentorship, monitoring and evaluation (M&E), and organisational culture. Based on the findings of the study, this thesis concludes that in the period under review, in the Eastern Cape, NYDA grant funding yields positive social returns; and delivered on its objectives (i.e., improved entrepreneurship participation, business skills development and support, and improved creation of job opportunities). The empirical findings of this study further supports this thesis’s recommendation for: 1) improvements in the NYDA grant funding budget; 2) closing gender gaps in youth entrepreneurship; 3) improving participation of disabled youth in business support services; 4) promoting entrepreneurship as a career path; 5) providing youth business support in rural areas; 6) diversifying economic sectors of youth businesses; 7) offering access to finance for youth business growth and expansion; 8) establishing youth businesses access to markets; 9) reducing administrative burdens for youth businesses; 10) improving accessibility of business development trainings; 11) offering mentorship for youth entrepreneurs, 12) providing infrastructure for youth businesses; 13) extend Covid-19 relief support for youth businesses; and 14) standardising practises in youth business support services. , Thesis (PHD) -- Faculty of Business and Economics Science, 2022
- Full Text:
- Date Issued: 2022-12
Inventory management decisions for effective inventory management in the South African automotive component manufacturing industry: pre-and since COVID-19
- Authors: Delport, Jason
- Date: 2022-12
- Subjects: Inventory management , Automobile industry and trade
- Language: English
- Type: Master's theses , Theses
- Identifier: http://hdl.handle.net/10948/59511 , vital:62145
- Description: Globalisation has enabled the automotive industry to source various automotive products worldwide. It assisted in increasing the economic growth of countries as it allowed the flow of goods and capital between countries and created many employment opportunities locally. Emerging markets, especially Africa, forms a pivotal part of the global automotive industry. The South African automotive industry as the largest manufacturing and third largest economic sector in South Africa, has been acknowledged by government as a prime source of economic growth. The South African manufacturing businesses, in particular the automotive component manufactures (ACMs) are reliant on inventory for automotive manufacturing. In 2019, the world was hit by the Coronavirus virus outbreak known as COVID-19, which became a global health pandemic that significantly affected the global economy. The pandemic and lockdown measures implemented, seriously affected the automotive industry, in particular inventory management as it led to raw materials inventory shortages due to delivery delays. Therefore, the primary objective of this study was to investigate the inventory management decisions influencing effective inventory management in the South African automotive component manufacturing (SAACM) industry prior to Covid-19 and whether and how it changed since the Covid-19 pandemic. The comprehensive literature review identified four inventory management decisions as independent variables (inventory forecasting, inventory storage, inventory control and inventory staff capabilities management) and effective inventory management as the dependent variable in the proposed hypothesised model. The model was tested to establish the influence of the identified four inventory management decisions on effective inventory management in ACMs prior to Covid-19 and then again since Covid-19. A quantitative research approach was followed to collect data required for the hypothesis testing. Nonprobability sampling in particular judgemental sampling was utilised for this study by selecting respondents employed by ACMs in South Africa as logistics managers, supply chain managers, production supervisors, master production schedulers, cycle count operators and warehouse staff. A selfadministered internet-based questionnaire was used to obtain the data from the target sample comprising 200 respondents, of which 162 were usable for further statistical analysis. Data was analysed first for prior to and then for since Covid-19 using Statistica Version 14 computer software. Exploratory factor analysis (EFA) was used to extract the variables and validate the measuring instrument. The Cronbach's alpha values for reliability were confirmed for each of the variables identified in the two sets of EFAs. All four independent variables (inventory v management decisions) and the dependent variable (effective inventory management) for prior to as well as since Covid-19 were found to be valid and reliable and retained for further analyses. The results of the Pearson product moment correlation coefficients reported mostly weak and moderate associations between variables for both prior to and since Covid-19. The results of the multiple regression analysis (MRA) for prior to Covid-19 found four statistically significant relationships between the four independent variables - inventory forecasting management, inventory storage management, inventory control management and inventory staff capabilities management and the dependent variable effective inventory management. The results of the MRA for since Covid-19 found two statistically significant relationships between two independent variables inventory forecasting management and inventory resource management and the dependent variable effective inventory management. The tested hypothesised model provides a framework for further testing in future ACM inventory management studies in other countries. Business managers and inventory management staff of global ACMs can use it as a guide for effective inventory management; on which specific inventory management decisions to always pay attention to and, which inventory management decisions to pay attention to when a long-lasting pandemic occurs such as Covid-19. It is recommended that regardless of the Covid-19 pandemic, inventory managers in ACMs in South Africa should consider inventory forecasting management methods such as demand forecasting, determining the economic order quantity (EOQ) for all inventory item orders and materials requirement planning (MRP). They should also use an inventory information sharing system and inventory replenishment procedure to ensure inventory is managed effectively. During a prolonged pandemic such as Covid-19, inventory managers in ACMs in South Africa should pay particular attention to inventory resource management specifically regarding re-order inventory levels and classifying all inventory items according to the importance of using ABC analysis. They should further offer employees inventory training to remain abreast of new inventory developments in the industry and for career advancement. , Thesis (MCom) -- Faculty of Business and Economics Science, School of Applied Accounting, 2022
- Full Text:
- Date Issued: 2022-12
Reciprocal peer reviews : evaluating potential bias and conflict of interest
- Authors: Baca, Zolile
- Date: 2022-12
- Subjects: Reciprocal , Peer review , Conflict of interests
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59358 , vital:62074
- Description: External quality assessments are conducted to provide independent reasonable assurance that an internal audit activity is operating in conformance with the Institute of Internal Auditors’ (IIA) Standards, Code of Ethics, and the extent of compliance with international best practices. The assurance provided by an internal audit activity is relied on by various stakeholders in the organisation for decision-making purposes. Therefore, it is crucial for an independent external quality assessment process to be credible and trustworthy for internal audit stakeholders to know that the internal audit activity conforms with the Standards and Code of Ethics, which in turn allows the stakeholders to rely on assurances and advice provided by the internal audit activity. The objective of this study was to determine the potential existence of a conflict of interest and or bias, in fact or in appearance, when reciprocal peer reviews are performed by people working within the same district and who are familiar with each other. A qualitative research method was followed to achieve the objective of this study and answer the primary research question. A single case study approach was followed in this study using municipalities in the Overberg District to answer the primary research question, with a purposive sampling method used to select relevant participants for the study. Participants were the Audit Committee members, the Municipal Managers, and the Chief Audit Executives from the municipalities in the Overberg District. An interview guide was administered by the researcher to collect the primary research data through semi-structured interviews. The interviews were electronically recorded after permission was obtained from each participant, and each interview session was also transcribed. The primary data collected was then analysed using the In vivo coding method. Each interview transcript was manually analysed to identify key words, phrases or statements that agreed or disagreed with the IIA’s guidance pronouncements in relation to the performance of external quality assessments, with a specific focus on the use of reciprocal peer reviews. The findings of this study indicated that most participants did not perceive reciprocal peer reviews performed by persons working within the same district to be without bias and or conflict of interest, in fact or in appearance because of familiarities and close relations that exist between persons working in the same district in the same sector. The findings revealed that participants would consider the process and results of reciprocal peer reviews to be credible and trustworthy if they were conducted across the district or even across the provincial borders. The findings further showed that participants perceived a full external assessment to be the most reliable and trustworthy method to be used because of the external assessors or assessment teams having the necessary training, knowledge, and experience to perform external quality assessments which give the credibility and trustworthiness that is required for the external quality assessment process.. , Thesis (MCOM) -- Faculty of Faculty of Business and Economics Science, School of Applied Accounting, 2022
- Full Text:
- Date Issued: 2022-12
The effect of factor endowment on BRICS countries export diversification
- Authors: Olisa,Onyiyechukwu Rebecca
- Date: 2022-12
- Subjects: Factor proportions , Brics countries
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/60037 , vital:62787
- Description: Historically, the expansion of a nation’s export portfolio has always been considered as an important agenda for economic growth, regardless of the nation’s abundant factor of production. In recent decades, the shift in attention of developing nations from export concentration towards export diversification has increased. This is because of the increasing volatility of exports across the globe. This study is therefore conducted to determine the effect of land, human and capital endowments on the BRICS countries’ export diversification. This study utilises the data from the individual BRICS countries from 1995 to 2019 and makes use of the ARDL model, the ridge, lasso, elastic net regressions and quantile regression to determine the long-run and short-run effects. The results of this study show that in Brazil, Russia, India, China and South Africa land endowment promotes export diversification in the long-run. In the short-run it promotes export concentration in Brazil, Russia, India and China. Human endowment promotes export diversification in China in both the long-run and the short-run. For Brazil and South Africa, human endowment only promotes export diversification in the short-run and not the long-run. For Russia and India, in the short-run human endowment promotes export diversification, in the long-run it depends on the regression method utilised. Capital endowment promotes export diversification in Brazil, India, China and South Africa in the short-run. In the long-run depending on the methods, capital endowment promotes export diversification in Brazil, Russia and China. In India and South Africa, capital endowment promotes export concentration and not export diversification in the long-run. This therefore implies that, for the individual BRICS countries, policy makers need to implement the appropriate policies that will enable the positive effect of factor endowment on export diversification, in either/both the long-run and the short-run. , Thesis (MCom) -- Faculty of Business and Economics Science, 2022
- Full Text:
- Date Issued: 2022-12
Using night time data as a measure of gross domestic product in Sub-Saharan Africa
- Authors: Hamman, Nicolene
- Date: 2022-12
- Subjects: Data , Gross domestic product -- Sub-Saharan Africa
- Language: English
- Type: Doctoral's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59457 , vital:62119
- Description: Over the last decade, a bold move has been made by researchers to shift focus on improving and establishing accurate and reliable measures of economic activity across the globe. With an everchanging global economic landscape, unreliable GDP statistics and the lack thereof have held a nascent impact on formulating appropriate stabilization policies. This, in turn, have affected the affairs of nations, especially low income and developing ones. In an attempt to find alternative ways to measure economic activity, night time lights data have emerged in numerous empirical studies as a novel way of attempting to measure economic growth and development. Various studies have found this to be useful for countries that do not have statistical capabilities such as poor nations, while other studies have put forward arguments in favour of a possible non-linear relationship between GDP and night time lights data. Against this background, this study implores night time lights data extensively to establish whether it can serve as a possible measure of GDP in Sub-Saharan Africa between 1992 and 2012. Based on the results obtained from testing for a positive correlation between GDP and night time lights data in Sub-Saharan Africa, the study further aim to use night time lights data as a measure of GDP in the regressions against proxies of well-being, urbanization, and environmental degradation. The significance of the study relates to the fact that the estimation accuracy of GDP is positively influenced by spatial and radiation resolution of night time lights data. In addition, by taking a country-specific approach using more advanced econometric estimation techniques, this study improves on the empirical literature pertaining to African countries. All facets of pooled ordinary least squares (POLS), the pooled mean group estimators, as well as the wavelet coherence estimation techniques were the three approaches used to investigated correlations between night time lights data and economic activity. Overall findings indicate little evidence that night time lights data derived from the DMSP-OLS archive can serve as a strong measure of GDP in regressions across the Sub-Saharan African region. Recommendations and avenues for future research are outlined at the end of the study. , Thesis (PhD) -- Faculty of Business and Economics Science, School of Applied Accounting, 2022
- Full Text:
- Date Issued: 2022-12