Department of Accounting Studies Education

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https://ir.aamusted.edu.gh/handle/123456789/549

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Browsing Department of Accounting Studies Education by Author "Amanamah, Richmell Baaba"

Now showing 1 - 6 of 6
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    An Exploratory Study Of Entrepreneurial Intention Among University Students In Ghana
    (INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH VOLUME 7, 2018) Amanamah, Richmell Baaba; Owusu, Emmanuel Kofi; Acheampong, Augustine
    The purpose of this study was to explore the factors that influence entrepreneurial intentions among students in Ghana. The research was carried out by a survey method. Questionnaires were used to collect data from 731 undergraduate students pursuing regular and part-time programmes in a Ghanaian public university. Data were analysed using correlation and multiple regression analysis through the SPSS. Results of standard multiple regression showed that six out of the 23 factors explored in the study significantly influenced student entrepreneurial intention. A follow-up forward regression analysis showed that exposure to other entrepreneurs and experienced network is the most significant predictor of student entrepreneurial intentions. This was followed by dissatisfaction with previous job. The findings further showed that utilization of better opportunity in the market least predicted student entrepreneurial intention. This study contributes to the pool of knowledge by revealing the factors that influence the entrepreneurial intention of Ghanaian tertiary students. This is very significant to the development of entrepreneurial activities in Ghana especially in developing curriculum for entrepreneurial education and governmental policies to boost entrepreneurship in the nation.
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    Barriers to entrepreneurial intention among university students in Ghana
    (European Journal of Research and Reflection in Educational Sciences, 2018) Amanamah, Richmell Baaba; Owusu, Emmanuel Kofi; Acheampony, Augustiin
    Entrepreneurship education has become a major focus in the Ghanaian educational sector and governmental policies because entrepreneurship is seen as the major antidote to the increasing graduate unemployment. This study explores from students perspective barriers to their entrepreneurial intentions. In this study a model was developed and it impact on entrepreneurial intention was measured. In the model we theorised that the entrepreneurial intention of university students in Ghana is a function of four models: Economic, Legal, Sociocultural, and Personal factors. A survey-based methodology was used to collect data from 731 students from a public university in Ghana. Respondents’ perception towards four categories of barriers to entrepreneurship (Economic, Legal, Sociocultural, and Personal) were analysed using descriptive statistics. Multiple regression analysis indicated that all four predictor variables contributed significantly as barriers to entrepreneurial intention. Economic factors was the highest ranked barrier to entrepreneurial intention (β = .242, p < .001), followed by legal factors (β = .084, p < .05), and then personal factors (β = .061, p < .05). Socio-cultural factors served as the least form of barrier to entrepreneurial intention (β = .014, p < .05). This research has filled a research gap by providing important insights into the barriers to entrepreneurial intention among university students in Ghana. The results of the study may have valuable implications for the policy makers and educators.
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    Benefits and Challenges of International Financial Reporting Standards Adoption in Ghana: Accounts and Business Managers’ Perspective
    (International Journal of Accounting and Financial Reporting, 2017) Amanamah, Richmell Baaba
    The objective of the study was to identify benefits and challenges associated with the implementation of International Financial Reporting Standard (IFRSs) in Ghana from account and business managers’ perspective. The study used purposive sampling to collect data from 187 accounting professionals and managers in all business sectors of Ghana. Data was analysed using descriptive and inferential statistics. A Kruskal-Wallis H non-parametric tests (KW) was conducted to determine whether there are statistically significant differences of perception among five groups of the level of professional affiliation and six groups of role and position. The results revealed that the adoption of the IFRSs has among other benefits, increase the quality of accounting information, increased investors’ confidence, increase comparability of financial statement among companies both nationally and internationally, reduced the cost of equity capital, made the preparation and auditing of financial statement very transparent and easier. The findings also revealed that though the cost of implementation was very high and accounts and business managers’ faced some challenges in the implementation of the standards, the benefit derived from its implementation outweighed the challenges. Respondents perceived that IFRSs is too complicated for adoption by SMEs. They recommend that more training is needed to equip professionals in the effective implementation of IFRSs. The paper recommends that ICAG should conduct regular training for their members, other implementers as well as owners and operators of SMEs on the IFRSs especially on the emerging standards.
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    Computerized Accounting Systems Usage by Small and Medium Scale Enterprises in Kumasi Metropolis, Ghana
    (Research Journal of Finance and Accounting, 2016) Amanamah, Richmell Baaba; Morrison, Alfred; Asiedu, Kwaku
    The study focused on establishing the level of usage, benefits and challenges of computerized accounting systems (CAS) by small and medium scale enterprises (SMEs) operating in the Kumasi Metropolis. Systematic sampling technique was used to select 367 SMEs for the study. Descriptive statistics and inferential statistics were used to analyse the data. The results of the study revealed that only a few SMEs are using computerised accounting software. The low level of usage is attributed to cost, personnel and lack of education on the benefits of using CAS. Those using CAS indicated that the systems play an important role in the achievement of their business objectives including timely information management, large data storage capacity, reduction of clerical works and enhanced customer satisfaction. In conclusion, usage of CAS by SMEs has the potential to improve their performance; however, cost, lack of education on the benefits of the usage and knowledgeable personnel are negatively affecting the usage of the software. It is therefore recommended that SMEs be educated on the benefits of using CAS and accounting training institutions should do well to incorporate a segment on computerized accounting systems into their training modules.
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    Perception on fair value measurement in Ghana: Evidence from account personnel
    (AFRICAN JOURNAL OF APPLIED RESEARCH (AJAR), 2016) Amanamah, Richmell Baaba; Owusu, E.K.
    The mandatory adoption of the International Financial Reporting Standards (IFRS) in Ghana, increases the use of fair value as a measurement basis for financial reporting. This is a real challenge for preparers of the financial statement, given the standards' emphasis on fair value as measures to improve the true and fair presentation of the financial statements. This study solicited the perception of Accounts personnel on fair value measurement. The study used 200 sampled respondents using purposive sampling methods from Account personnel in different sectors of Ghana's economy. Data was collected from respondents using a well-structured questionnaire. Data was analysed using descriptive statistics with the help of SPSS software. The findings indicated that 72% of Ghanaian account personnel approved fair value over historical cost because it provides useful and accurate information for economic decision making. Though, many respondents were of the view that measuring methods available were not accurate, 60% claim that majority of the assets do not have an active market making it difficult to accurately determine their fair value while 21% were neutral. Furthermore, 52% assert there is lack of skilled and qualified valuers while 60% said there is no strong regulatory body to carry out the valuation and manage the measurement methods. 47% of the respondents indicated that Ghanaian stock markets are young and not efficient; therefore, the cost of shares in most listed companies might not represent the true and fair value of the company’s shares. The results suggest that simply requiring fair value as the reported measure for financial instruments may not improve the quality of information unless appropriate estimation methods or guidance for financial instruments that are not traded in active markets can be established. The study recommends that standard setters must factor the inefficient market of developing market to enhance the efficient application of fair value measurement hence comparability.
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    Tertiary Students’ Attitude towards Entrepreneurship Education in Ghana
    (Journal of Small Business and Entrepreneurship Development, 2017) Amanamah, Richmell Baaba
    This study was carried out to assess the attitude of tertiary students towards entrepreneurship education in Ghana.The study further assessed whether there is a significant difference in respondents’ attitude towards entrepreneurship education from gender and marital status perspective. Purposive sampling was used to solicit data and information from 788 students from a tertiary institution in Ghana. Descriptive statistics and inferential statistics were used to analyse the data with the help of SPSS software. Results of the study revealed that respondents exhibit positive attitude towards entrepreneurship education. The gender variable does not display statistically significant difference with regards to the respondents’ attitude towards entrepreneurship education. However, the result of the t-test revealed statistically significant difference between married and singly respondents with respect to their attitude towards entrepreneurship education. In conclusion, students generally exhibit positive attitude toward entrepreneurship education and the unmarried students are more likely to go into entrepreneurship compared to married students. Thus, the entrepreneurship should be developed in a way that it can support unmarried students even after school.