1.3. SIGNIFICANCE OF THE STUDY
This research is of paramount importance to the researcher, to
accountants in business enterprises, to the SFB community and to SMEs.
To the researcher:
It will enable him to acquire and increase knowledge and
skills on how accounting system can be applied effectively to improve
development and enable him to be awarded a Bachelor's Degree in Business
Administration. Accounting option.
To the different accountants:
This research will provide to them the recommendations on how
they can increase effectiveness on accounting system where necessary. And it
will make their work easier and valuable.
To SFB community:
This research will act as reference to other academicians who
would wish to do their research in the same field and they will get much from
my findings which will be helpful for them both academically and later in the
applications of their studies.
It will be an asset in the SFB library and its students may use
it in their work assignment during their classroom applications.
To SMEs:
It will provide recommendations on how to improve performance
based on the use of effective accounting system and they will guess different
ways to improve their accounting system.
1.4. SCOPE OF THE STUDY
The study will be conducted in Rwanda specifically in Kigali
city, in the case study of INYANGE INDUSTRY chosen among different SMEs
operating in Rwanda as a convenient area for the study.
1.5. Company profile
1.5.1. Historical background
Inyange is a hundred percent Rwandan company and a private
limited company (s.a.r.l). The project of setting up this company began in 1997
recently after the 1994 Rwandan genocide. It was not until 1999 that Inyange
started its operations, which initially involved milk processing and rendering
the milk products to its customers. As the company was growing it went on
introducing new products like juice processing and by the year 2001 it
introduced another new product which was mineral water. Presently Inyange has
grown as one of the top milk, juice, yogurt, and mineral water processing and
selling companies in Rwanda. It has just recently introduced mongo juice as
another new product.
The following are the products of Inyange:
Fresh milk
Yogurt: these are of five different types (natural, strawberry,
banana, vanilla and a apricot). Juice: these are of four types: (passion fruit,
pineapple, apple juice and mango)
Fresh cream
Skimmed milk, and
Mineral water
Being a new and small company, Inyange employs 58 employees and
25 casual workers.
The company is expected to increase number of employees since
it is growing as said by the general manager. Till now Inyange produces for the
local domestic market through plans for exportation are underway.
1.5.2. Location of the company
Inyange is located in Kigali in the district of kicukiro , it is
on Mburabuturo road direct opposite the industrial area.
1.5.3. Mission
Inyange being a company involved in processing of agricultural
products it has the mission of producing high quality products agro based to
meet its customers needs and wants.
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