WORKING CAPITAL MANAGEMENT PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA ( A CASE STUDY OF SOME SELECTED SMES IN UYO)
1,618 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@allprojectmaterials.com
WORKING CAPITAL MANAGEMENT PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA ( A CASE STUDY OF SOME SELECTED SMES IN UYO)
WORKING CAPITAL MANAGEMENT PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA ( A CASE STUDY OF SOME SELECTED SMES IN UYO)
ABSTRACT
The main thrust of this study is
to unveil the working capital management practices of small and medium scale
enterprises in Akwa Ibom Stateof Nigeria. A well designed and implemented
working capital management is expected to contributes positively to the
creation of a firms values.
The study used descriptive and
analytical sample survey for the representation and the analysis of the
findings. The result shows that 87.4% of the entrepreneurs functioned as sole
proprietors, whiles 14.1% as partnership and the remaining 1.5% as cooperative
societies.
The results again shows that
46.1% received credit from suppliers and the average credit period given by
SMEs to their credit customers ranged between seven to sixty
days(7-60days).From the study , two main problems faced by SMEs in dealing with
credit customers are late payment and bad debts.
The results shows that 52.8% of
the respondents use note books to represents cash books whiles non(0%) of the
respondents use computer inventory control. 65.3% of the respondents have bank
accounts for their businesses. Personal savings accounted for about 35.7% of
the start up capital and SMEs consider inflation /price increases to be more
problematic than even high debtors turnover period and low stock turnover.
Consequently ,it is recommended
that there should be greater collaboration between the Business Advisory
Centres(BACs) and the various associations of SMEs for the financial training
of the entrepreneurs.
The SMEs should establish
organizations and groups like civil society organizations, regional, district
,community and interest groups to jointly organise and sponsor training
programmes for their accounting personnel. There is also the need for SMEs to
identify their investment priorities particularly those that are crucial in
sustaining their businesses in the long run. They should sacrifice a chunk of
their funds to finance and achieve these priorities that will enable them to
generate extra cash or profits to plough back into other sectors of their
industries.
It is also recommended that SMEs
should prepare budget at each time they intend to embark on major expenses.
This will forestall unnecessary, unwanted, overestimated and underestimated
expense. There is also the need for SMEs to formulate credit policy for their
enterprise and to create a re-order level policy for their institution that
will create an enabling environment for them to request for their supply of
moderate and high quality stocks.
WORKING CAPITAL MANAGEMENT PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA ( A CASE STUDY OF SOME SELECTED SMES IN UYO)
Additional Information
- The Project Material is available for download.
- The Research material is delivered within 15-30 Minutes.
- The Material is complete from Preliminary Pages to References.
- Well Researched and Approved for supervision.
- Click the download button below to get the complete project material.
Frequently Asked Questions
In-order to give you the best service available online, we have compiled frequently asked questions (FAQ) from our clients so as to answer them and make your visit much more interesting.
We are proudly Nigerians, and we are well aware of fraudulent activities that has been ongoing in the internet. To make it well known to our customers, we are geniune and duely registered with the Corporate Affairs Commission of the republic of Nigeria. Remember, Fraudulent sites can NEVER post bank accounts or contact address which contains personal information. Free chapter One is always given on the site to prove to you that we have the material. If you are unable to view the free chapter 1 send an email to
info@researchcub.info with the subject head "FREE CHAPTER 1' plus the topic. You will get a free chapter 1 within an hour. You can also
check out what our happy clients have to say.
Students are always advised to use our materials as guide. However, if you have a different case study, you may need to consult one of our professional writers to help you with that. Depending on similarity of the organization/industry you may modify if you wish.
We have professional writers in various disciplines. If you have a fresh topic, just click
Hire a Writer or click here to fill the form and one of our writers will contact you shortly.
Yes it is a complete research project. We ensure that our client receives complete project materials which includes chapters 1-5, full references, questionnaires/secondary data, etc.
Depending on how fast your request is acknowledged by us, you will get the complete project material withing 15-30 minutes. However, on a very good day you can still get it within 5 minutes!
What Clients Say
Our Researchers are happy, see what they are saying. Share your own experience with the world.
Be polite and honest, as we seek to expand our business and reach more people. Thank you.
Patrick
Student
All Project Materials is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again welldone.
Keneth
Student
Thank you for everything you have done so far; my communication with you, both by e-mail and whatsapp, has been the only positive point about the whole experience - you have been reliable and courteous in my research work and I sincerely appreciate that.
Mike Olan
Student
You are well rated. Thank you for your being prompt and activeness.
Adedayo
Student
I have been using you people for some time and I can say that you are good because you give me what I want, you don't disappoint. You guys to keep to the standard. You are highly recommended to serve more Researchers.
Ndubuisi
Student
I love all project materials / researchcub.
There are good and wonderful. Nice Work!
People also search for:
working capital management practices of small and medium scale enterprises in nigeria ( a case study of some selected smes in uyo), working, capital, management project topics, researchcub.info, project topic, list of project topics, project topics and materials, research project topics, covid-19 project materials, all project topics, journals, books, Academic writer, accounting project topics.
A Research proposal for working capital management practices of small and medium scale enterprises in nigeria ( a case study of some selected smes in uyo):
Reviews: A Review on working capital management practices of small and medium scale enterprises in nigeria ( a case study of some selected smes in uyo), working, capital, management project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
The main thrust of this study is to unveil the working capital management practices of small and medium scale enterprises in Akwa Ibom Stateof Nigeria. A well designed and implemented working capital management is expected to contributes positively to the creation of a firms values... accounting project topics
WORKING CAPITAL MANAGEMENT PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA ( A CASE STUDY OF SOME SELECTED SMES IN UYO)