Synchronization of Lean Accounting Alert and Entrepreneurial Sustainability among Micro Firms in Nigeria during Pandemic and Catastrophe: Using Confirmatory Factor Analysis

Abstract

This study focused on the synchronization of lean accounting alert and entrepreneurial sustainability in micro firms in Nigeria during pandemic and catastrophe era. The time horizon cross-sectional survey was adopted with time frame of 2020-2021 to experiment the alertness of lean accounting by professional accountants. Hence, from the 1875, only 370 were selected because they deem fit for the transformational change on lean adoption. The multi-stage cluster sampling technique was introduced in liaison with systematic sampling techniques to select the appropriate respondents.The instrument was administered, only 354 were credibly retrieved.The instrument was validated on face and content validity, while the internal consistency of the test retest was determined by using Cronbach Alpha co-efficient with elimination of error and defect(α =0.888), elimination of waste (α=0.874) and product sustainability (α=0.921).To ascertain the principal component from the threshold the KMO and Bartlett's test were introduced for the sample adequacy and appropriateness of sphericity respectively. The Pearson Product Moment Correlation was utilized for analysis of the two hypotheses with SPSS version IBM 25.From the findings, lean accounting alert influenceproduct sustainability. Based on the findings and conclusion, this study contributes to the knowledge that the practices and process of lean improvement, lean culture and lean thinking are major alertness to improve product sustainability in the micro firms in Nigeria.  It could be recommended that elimination of waste, error and defect should be practice with lean process on lean thinking, lean culture and lean improvement.