Local Studies

MSMEs played a critical role in strengthening the Philippine economy. They aid in lowering

impoverishment by creating jobs for the country's expanding labor force. They

animate both domestic and international financial improvement. They serve as an indispensable.

partners in large-scale projects as providers and helpers

administrations. They serve as a breeding ground for new entrepreneurs and large

companies. A healthy MSME sector indicates a thriving and expanding economy.

Despite plans to provide MSME with an empowering environment

The sector still has several obstacles that prevent it from

realizing all of its potential and growth.

MSMEs are widely acknowledged to be essential for achieving

reputable and lucrative work, with an overall record of 66% of everything being.

The purpose of this paper is to highlight the importance, function, and contributions of micro, small, and
medium-sized businesses.

the seventeen Sustainable Development Goals (MSMEs) (SDGs). The research investigates how MSMEs
may help

every single SDG. The paper explores how MSMEs contribute to economic growth, job creation, and

incomes, especially for the underprivileged and marginalized communities, as service providers (for
instance, in the

health, water, and sanitation) as well as being energy consumers and environmental polluters. Using
these filters,

MSMEs and the seventeen goals can be connected in both direct and indirect ways.

The ambitious SDG targets call for changes to both governmental and private endeavors. This
modification is

connected with implementing new innovation/technology, changing company paradigms, and

conducting business.
Accounting Information System (AIS) is generally a computer system of compiling, storing and processing of
accounting and financial data used by accountants, business analysts, consultants, chief financial officers, managers,
auditors and decision makers. The development of this system becomes a necessity in business and organizations
globally. In this study, the factors that contribute to a successful adoption of AIS in Philippine SMEs are addressed
through a descriptive method. The population is composed of organizations located in Metro Manila with total assets
of 3-100 million pesos or total employees ranging from 10-199, which utilize AIS in their operations, and their
responses came from a survey as an instrument as part of the analysis. The results focus on user satisfaction,
perceived monitoring effectiveness, AIS integration, information interdependence, organizational formalization, and
interorganizational dependence. In addition, this research highlights four things that contribute the most to the
effectiveness and apparent success of AIS adoption in Philippine SMEs.

Better organizational performance is enhanced by using an accounting information system. By assessing

the level of accounting information systems in terms of system quality, information quality, and system
threats, as well as the level of organizational performance in terms of organizational efficiency, cost
reduction, and decision-making quality of the small-medium enterprises in Tagum City, the study seeks
to determine the influence of accounting information systems on the organizational performance
among SMEs in that city. It also seeks to establish a major link between SMEs' organizational
performance and their accounting information system. Through the 240 SMEs in Tagum City who replied
to the modified survey questionnaires, a quantitative and descriptive-correlational method was applied.

We will see a broad overview of our work in this chapter. We will be able to describe the nature of our
study, the context in which it was conducted, and its purpose. Here, we will develop the research
questions and hypotheses that will allow us to conduct the study. Finally, we will discuss the significance
of this research for managers, employees, and students (the company and its stakeholders).

1.1 The study's context

An enterprise can be characterized broadly as any firm, business, organization, or other purposeful
undertaking. Businesses typically have specific reasons for their existence. Businesses use information to
make decisions. Some are in it for the money, while others may only care about the well-being of society
or their own employees.

For enterprises, the Accounting Information System (AIS) must be implemented successfully. It

is crucial to research the key elements that influence how systems are used, as well as the links between

measurable business outcomes. Given the breadth and depth of information and communication
technology,

This study will demonstrate the benefits of computerized accounting solutions that encompass all
business operations.

directly correlated with the financial performance, productivity, and economic outcomes of small and
medium-sized businesses

organizations (Cramm, 2008). (Cramm, 2008).

Information and communications technology, which encompass all of the fields in

This study will demonstrate that computerized accounting tools are directly tied to the way in which a
corporation operates.

economic and financial success and productivity in small and medium-sized company enterprises

A business's financial information is organized using an accounting system.

after keeping track of business transactions such sales, purchases, assets, liabilities, and equity

financial reporting by compiling such transactions into an aggregate form.

can be used to keep an eye on, assess, and improve past performance, present state, and

forecast a business's prospects for the future. Keeping records aids in preventing and detecting crimes.

committing frauds and other bad deeds in order to give users accurate financial information

Accounting system appears to be technologically advanced and difficult, especially to those

folks who are not in the accounting industry. An accounting system may be human or automated.

(classical) or electronic-based (modern). Osmond Vitez claims that historically,

Using paper records and paperwork, accounting was a labor-intensive procedure.

The COVID-19 outbreak, which first surfaced in late 2019 and has had detrimental consequences on

The health of people has been disastrously affected by the economies of nations and. The conditions
and limitations put in place in the majority of countries to stop the virus from spreading among people,

such as social exclusion and quarantines, have distorted the supply system.

The demand for commodities also hindered the economies of several nations. The consequences of the

All economic sectors and organizations, including small and medium-sized businesses (SMEs), have been
affected by the COVID-19 epidemic (Hasanat et al., 2020).

Research have demonstrated that SMEs face a range of problems and difficulties.

the COVID-19 epidemic is to blame. The policies governments in many nations have implemented to
prevent migration during certain times have had a significant impact.

The Micro, Small and Medium Enterprise (MSME) Development Plan 2017–2022, which was released in
2016,

sectoral strategy for the expansion and development of the MSME market. It was produced in

consultation with a range of stakeholders from the business world, the academic world, and

government institutions. It is consistent with the objective of the Philippine government to increase

"Trabaho, Negosyo, Kabuhayan" or work, commerce, and livelihood

to the Philippine Development Fund's "Malasakit," "Pagbabago," and "Patuloy na Pag-unlad"

PDP for 2017–2022.

The Ten-Point Agenda for Sustainable Development provided significant insights to the development of
the Plan as well.

At his first State of the Nation address, President Rodrigo R. Duterte discussed a development.

Message from July 25, 2016. Also, it was created in compliance with AmBisyon Natin

The country's long-term mission and vision statement is 2040.

Examining the MSME policy framework and how effective it has been in supporting MSMEs can

provide useful insights in strengthening and informing the path forward. In undertaking the

analysis, the report focuses on the following lines of enquiry. Is the MSME policy framework aligned

to the economic priorities as articulated in the overall development plans? What are the demand side

constraints and market failures that contribute to low productivity of MSMEs in the Philippines? Are

there any weaknesses or gaps in the ecosystem for entrepreneurship? Are the policies and programs

instruments responding to market failures and needs of MSMEs including new entrants and start-ups?

What are the areas for strengthening the design and implementation of MSMEs and entrepreneurship

policies? The report concludes with proposed policy measures to strengthen the MSME and

entrepreneurship policy and program support mechanisms.

References:
Financial Management of MICRO, SMALL, and MEDIUM Enterprises in Cebu, Philippines

https://www.eajournals.org/wp-content/uploads/Financial-Management-Enterprises-In-Cebu-
Philippines.pdf

Micro, Small and Medium-sized Enterprises (MSME’s) and their role in achieving the Sustainable
Development Goals

https://www.google.com/url?sa=t&source=web&rct=j&url=https://sustainabledevelopment.un.org/
content/documents/
25851MSMEs_and_SDGs_Final3120.pdf&ved=2ahUKEwiilaHLnZn9AhWtklYBHam6D6c4HhAWegQIBxAB
&usg=AOvVaw1X9EhU3Eq-tl4sJYjqEF4L

Successful Accounting Information System Adoption : A case study on Philippines SME’s

https://animorepository.dlsu.edu.ph/etd_bachelors/6117/

The Influence of Accounting Information System on the Organizational Performance Among

SME’s in Tagum City

https://ejournals.ph/article.php?id=17548

THE EFFECT OF ACCOUNTING INFORMATION SYSTEM ON SMALL AND MEDIUM SIZE ENTERPRISE
PERFORMANCE

https://www.academia.edu/41544630/
THE_EFFECT_OF_ACCOUNTING_INFORMATION_SYSTEM_ON_SMALL_AND_MEDIUM_SIZE_ENTRPRISE_
PERFORMANCE
UTILIZATION OF ACCOUNTING INFORMATION SYSTEM IN SMALL MEDIUM ENTERPRISES IN LINE WITH
FOOD INDUSTRY IN SAN PABLO LAGUNA

https://lpulaguna.edu.ph/wp-content/uploads/2022/01/3.-Brila-Catapang_AIS-in-Small-Medium-
Enterprises.pdf

ACCOUNTING SYSTEM OF SMALL AND MEDIUM ENTERPRISES (SME's) IN TUGUEGARAO

https://garph.co.uk/IJARMSS/Jan2022/G-2953.pdf

INNOVATION PRACTICES FOR SURVIVAL OF SMALL AND MEDIUM ENTERPRISES (SME’s) in the Covid-19
times: the role of external support

https://innovation-entrepreneurship.springeropen.com/articles/10.1186/s13731-021-00156-6

Micro, Small and Medium Enterprise Development Plan 2017-2022

https://dtiwebfiles.s3-ap-southeast-1.amazonaws.com...PDF

Assesing the Effectiveness of MSME and Entrepreneurship Supports

https://documents1.worldbank.org › ...PDF