Knowledge Management of Accounting and Financial for Business Community Development in Dokdang Village Sewing Group, Doi Saket District, Chiang Mai Province

Abstract

The purposes of this research were to study problems and needs concerning accounting and financial management of Dokdang Village Sewing Group at Ban-Dokdang, Doi Saket district, Chiang Mai province and attain accounting and financial system which corresponded the needs of the mentioned group.  The researcher applied the concept of keeping accounts and financial management for business to the community enterprise of Dokdang Village Sewing Group from Doi Saket, Chiang Mai. Moreover, the researcher also applied the villagers’ concept of doing financial accounts to the participants who were the people from Sa-nga Ban sub-district community, Doi Saket, Chiang Mai.  The researcher collected the data from primary data source which comprised questionnaires, in-depth interviews, small group interviews from the population group of Dokdang Village Sewing Group and the secondary data source which consisted of community business accounting system, financial management for small business, financial accounts system of the community enterprise. The population comprised 48 members, 40 members belonged to Dokdang Village Sewing Group and 8 members came from the community enterprise.  The place used was Sa-nga Ban sub-district community, Moo 1, Doi Saket, Chiang Mai. 

The findings revealed that Dokdang Village Sewing Group lacked financial accounts system.  It recorded only revenues and expenses which were not enough to manage and make decisions.  The group needed appropriate financial accounts system which could be used to manage the group.  Then, the financial accounts system of the group was designed according to the mentioned problems and needs.  The accounting books comprised 6 books, such as a cash book journal, a control raw material inventory, a cost control book, an inventory control book, an electricity book and an asset register book.  Accounts system consisted of revenues, expenses, cost control, inventory control, electricity calculation, asset register and internal audit systems.

Financial systems comprised fund allocation, liquidity management, debt and financial source management and turnover allocation.  The group would attain the benefits from financial accounts, such as reasonable pricing, transparency working system which meant that the members could check the group performances when needed and financial accounts strength of the group.  Besides, the supplementary factor of group members with their knowledge as well as their understanding of doing household accounting helped them apply their knowledge to the group financial accounts system which affected their financial accounts strength.