APPLICATION OF MANAGEMENT ACCOUNTING PRACTICES: ITS EFFECTIVENESS TO THE BUSINESS PERFORMANCE OF SMALL AND MEDIUM-SIZED ENTERPRISES IN TUPI, SOUTH COTABATO

This study aimed at examining the Effectiveness of Management Accounting Practices on Business Performance of Small and Medium-Sized in Tupi, South Cotabato. The study was positioned within a quantitative research approach and data was collected from 60 SME manager/owners who were selected by means of Slovin Formula sampling technique. Further the independent variables were the management accounting practices such as (costing system, budgeting, performance evaluation, information for decision making, and strategic analysis) while the dependent variable was the business performance of the SMEs.
This research employed Descriptive Statistics and Pearson correlation coefficient to extract the findings. Each management accounting practice and business performance were tested and the results showed that management accounting practices positively influenced the business performance of SMEs.
The empirical study provided fruitful implications to academicians by making significant contributions to the management accounting literature by systematically exploring the influence of management accounting practices (MAPs) on the business performance of SMEs within Tupi, South Cotabato.
This study therefore stands to immensely contribute new knowledge to the existing body of management accounting in the municipality of Tupi.