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Practical knowledge in preparing financial statements and ICT-enabled financial plans: An empirical study among entrepreneurial students in Oman

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  • Mohammed Muneerali Thottoli

    (University of Nizwa, Oman)

Abstract

Objective: This paper aims to examine practical knowledge in preparing financial statements (FStts), practical knowledge in information and communication technology (ICT) and ICT-enabled financial plan (ICTeFP) among entrepreneurial students within Universities in Oman. Research Design & Methods: Primary data were collected from university students to analyze practical knowledge in preparing FStts and related ICT skills. Items of FStts were considered to measure entrepre-neurial students’ practical knowledge to prepare FStts. Besides, entrepreneurial students’ skills in basic Microsoft tools have also been considered. Findings: The findings were evaluated by applying structural equation modelling-partial least squares (SEM-PLS). The findings of the current study reveal that entrepreneurial students’ practical knowledge in preparing FStts is lacking whereas it shows that the students possess adequate basic skills in ICT. Thus, automated ICTeFP can be useful in managing entrepreneurship creativity and innovation course more effectively. Implications & Recommendations: The findings suggest that ICTeFP is an excellent contribution to enrich the recently compulsory course, (both for accounting and non-accounting students), entrepreneurship creativity, and innovation. Contribution & Value Added: The study solely for the entrepreneurial students who are studying the course, entrepreneurship creativity and innovation, in Oman. The research is one of the first to empirically analyze the relationship between practical knowledge in preparing FStts, practical knowledge in ICT, and ICTeFP among entrepreneurial students within universities in Oman.

Suggested Citation

  • Mohammed Muneerali Thottoli, 2021. "Practical knowledge in preparing financial statements and ICT-enabled financial plans: An empirical study among entrepreneurial students in Oman," International Entrepreneurship Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 7(1), pages 21-31.
    • Handle: RePEc:krk:ientre:v:7:y:2021:i:1:p:21-31
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    File URL: https://ier.uek.krakow.pl/index.php/pm/article/view/2013/2111
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    Citations

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    Cited by:

    1. Ján Dobroviè & Rastislav Rajnoha & Petr Šuleø, 2021. "Tax evasion in the EU countries following a predictive analysis and a forecast model for Slovakia," Oeconomia Copernicana, Institute of Economic Research, vol. 12(3), pages 701-728, September.
    2. Tüzemen Samet & Barış-Tüzemen Özge & Çelik Ali Kemal, 2021. "The relationship between information and communication technologies and female labour force participation in Turkey," Economics and Business Review, Sciendo, vol. 7(4), pages 121-145, December.
    3. Mohammed Muneerali Thottoli & Md. Aminul Islam & Mohd Faizal bin Yusof & Md. Sharif Hassan & Md. Arif Hassan, 2023. "Embracing Digital Transformation in Financial Services: From Past to Future," SAGE Open, , vol. 13(4), pages 21582440231, December.

    More about this item

    Keywords

    Entrepreneurship; Creativity; Innovation; ICT; Financial Plan; Oman; University;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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