BUS707 Research Proposal: Identifying Accounting Issues in Small Firms

This research proposal aims to identify the significant accounting challenges faced by small businesses in the current business world and propose solutions for mitigating these challenges. It begins with an introduction that outlines the research background, problem statement, research aim, objectives, and questions. The problem statement highlights the difficulties small businesses face in maintaining appropriate financial statements due to factors like a lack of skilled accountants or suitable software. The research objectives include analyzing the importance of accounting in small businesses, identifying key accounting problems, understanding the aspects of small businesses affected by these problems, and providing recommendations to mitigate these challenges. The proposal includes a literature review covering the concept of accounting, its importance in small businesses, major challenges, and mitigation strategies. The methodology section details the research design, approach, data collection methods, sampling technique, data analysis, and ethical considerations.