Efficiency of household accounting: A case study of a model village in Thailand

This study aimed to investigate the relationship between the efficiency of household accounting based on the philosophy of sufficiency economy and the quality of life. For this purpose, we conducted a case study of the people in the model village with sufficient level of living in Bu Pueai sub-district, Nam Yuen district of the Ubon Ratchathani province, Thailand. The study sample comprised 364 villagers of the Bu Pueai sub-district who exercised household accounting. A systematic sampling technique was employed to obtain the samples. Frequency, percentage, arithmetic mean, standard deviation and Pearson's Correlation Coefficient test were used to analyze the data. It was found that the samples were fond of exercising household accounting based on the sufficiency economy philosophy at a high level. The investigation, as a whole, revealed that the relationship between efficiency of household accounting and the people's quality of life was highly positive. A detailed examination indicated that the relationship between the efficiency of household accounting and the aspects related to economics and learning conditions was positive at a high level, while that between the efficiency and the aspects concerning mental, social, natural resource and environment conditions was positive at a medium level. The statistical significance level of this study was set at 0.01.