ABSTRACT
The focus of this research is on the
impact of financial literacy on the profitability of some small scale
enterprises in Calabar Municipality, Cross River State. An enquiry into their
level of adoption of financial literacy was also studied. A review of related
literatures was carried out to examine the extent of work done in the field. A
carefully structured questionnaire was used to collected data on the level of
adoption of financial literacy and also a financial literacy test. Stratified
random sampling was adopted to divide the small scale enterprises into ten (10)
strata, thereafter random sampling technique was employed. A sample of one
hundred and fifty (150) respondents was used to carry out the study, which
encompasses the different strata. One way analysis of variance (ANOVA) and
Dependent T-test at 5% level of significance was used in the analysis of the
research data. The result shows that the level of adoption of financial
literacy by small scale enterprises in Calabar Municipality is low and that
utilization of accounting records significantly influences their profitability.
Thus, conclusion, recommendations and suggestions for further studies were
proffered.
TABLE
OF CONTENTS
TITLE
PAGE
CERTIFICATION
DEDICATION
ACKNOWLEDGEMENTS
ABSTRACT
TABLE
OF CONTENTS
LIST
OF TABLES
LIST
OF FIGURES
CHAPTER
ONE
INTRODUCTION
1.1
Background of the study
1.2
Statement of the problem
1.3
Objectives of the study
1.4
Research questions
1.5
Research hypothesis
1.6
Scope and limitation of the study
1.7
Significance of the study
1.8
Organization of the study
1.9
Operational definition of terms
1.10
Historical background of small scale
enterprises
CHAPTER
TWO
LITERATURE
REVIEW AND THEORETICAL FRAMEWORK
2.1
Theoretical framework
2.2
Theories about variables (dependent and
independent)
2.3
Concept and definition of financial
literacy
2.4
Determinants of financial literacy
2.5
Importance of financial literacy
2.6
Financial literacy basics for
prospective
Small-business owners
2.7
Nature of small scale enterprises
2.8
Roles of small scale enterprises in the
development of
Nigeria
2.9
Problems and challenges facing small
scale enterprises
CHAPTER
THREE
RESEARCH
METHODOLOGY
3.1
Research design
3.2
Population of the study and method of
Population determination
3.3
Sample and sample size determination
3.4
Sampling procedure and sampling
technique
3.5
Method of data collection and data
sources
3.6
Instrument development
3.7
Instrument validation
3.8
Instrument reliability test
3.9
Model specification
CHAPTER
FOUR
DATA
PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS
4.1
Data presentation
4.2
Data analysis
4.3
Test of hypothesis
4.4
Discussion of findings
CHAPTER
FIVE
SUMMARY
OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1
Summary of findings
5.2
Conclusion
5.3
Recommendations
5.4
Suggestion for further studies
References
Appendix
LIST OF
TABLES
TABLES
4.1: Distribution of questionnaire and response
rate
4.2: Distribution of respondent according to
Gender
4.3: Distribution of respondent according to Age
4.4: Distribution of respondent according to
Marital Status
4.5: Distribution of respondent according to
Academic Qualification
4.6: Extent to which financial literacy is
adopted by small scale
businesses
4.7: Extent to which accounting records enhance
the profitability of
small scale enterprises
4.8: problems that hinder utilization of
accounting records