Knowledge and Professional Skills of Accountants that Affect the Accounting Efficiency of Foreign Business

Abstract

The objective of this research was to study the knowledge and professional skills of accountants that affect accounting efficiency of foreign businesses in Bangkok. The sample group used for this research is 374 people, which consists of business owners, executives, accounting managers, and human resources managers. Questionnaires are used to collect data and the data was analyzed by calculating the frequency, percentage, mean and standard deviation and Multiple Regression analysis to test hypotheses at the level of statistical significance 0.01 and 0.05. The result was found that, in overall the knowledge and professional skills of accountants was at the high level ( =4.26). The self-development skills and information technology (in accounting system) knowledge were at the highest level ( =4.30), organizational knowledge was at the second level ( =4.26), leadership skills were at the third level ( =4.25), accounting and tax knowledge was at the fourth level ( =4.24) and communication and interpersonal skills was at the lowest level ( =4.19). The study shows that, the professional knowledge and skills of an accountants including information technology (in accounting system) knowledge, organizational knowledge, communication and interpersonal skills, self-development skills and leadership skills, are all have positive factors that affects the accounting of foreign businesses in Bangkok. The factors affect the accounting efficiency in 3 ways: 1) accuracy and completeness in financial statements 2) time management in completing the task within the deadline 3) analyzing and presenting the information accurately with a statistical significance at the level of 0.01 and 0.05. While the accounting and tax knowledge have negative factors that affects the accounting in accuracy and completeness in financial statements and time management in completing the task within the deadline. However, the study was found that the accounting and tax knowledge do not affect the accounting efficiency in analyzing and presenting the information accurately.