Determination of Managerial and Accounting Competencies Required of Business Education Graduates for Successful Entrepreneurship by Practicing Entrepreneurs in Imo State
Keywords:Determination, managerial, accounting, competencies and entrepreneurship.
The study aimed at determination of managerial and accounting competencies required of business education graduates for successful entrepreneurship by practicing entrepreneurs in Imo State. Two specific purpose, two research questions guided the study and two null hypotheses were tested. Descriptive survey research design was adopted for the study. The population consisted of all 200 practicing registered entrepreneurs in Imo State. The entire population was studied because the size was manageable. A 20 items five-point rating scale questionnaire validated by three experts was use for data collection. The test re-test was used to establish the reliability of the instrument using Pearson Product Moment Correlation Co-efficient and with overall coefficient value of 0.70 were obtained. Mean and standard deviation were used to answer the research questions determine the closeness of the respondents mean, while t-test were used to test the null hypotheses at 0.05 level of significance.
The findings revealed that managerial and accounting competencies were much required of business education graduates for successful entrepreneurship in Imo State. Gender significantly influenced the respondents’ mean ratings on managerial but did not significantly influenced accounting competencies.
Based on the findings, it was concluded that, business education graduates who venture into entrepreneurship without adequate managerial skills and accounting skills will achieve little or no success. It was, therefore recommended among others that, Business education graduates in Imo State and country at large should carefully venture into entrepreneurship ventures upon graduation as they have relevant competencies to succeed.