Accounting process: financial tool for decision making in the SMEs parish The Effort.

Abstract

Small and medium enterprises (SMEs) contribute to the creation of jobs and economic development. However, they present competitive deficiencies in the face of the requirement of accounting information adjusted to national and international norms and procedures. This research was developed in “El Esfuerzo” parish of Santo Domingo, Ecuador. The objective was to determine the use of accounting processes as a financial tool in the decision making of SMEs in the sector studied. The historical-logical, inductive-deductive and analytical-synthetic methods were used. The chosen population were SMEs with exclusive participation in the local market. The results determined that SMEs do not use accounting processes for decision making, so a tool to strengthen the financial area is proposed.