RELEVANCE OF FINANCIAL MANAGEMENT TO BUSINESS GROWTH IN NIGERIA
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RELEVANCE OF FINANCIAL MANAGEMENT TO BUSINESS GROWTH IN NIGERIA
ABSTRACT
The prerequisite of this extended essay is to know the Relevance of Financial Management to Business Growth in Nigeria.
Financial management is relevant to business growth for a well
balanced operation. As businesses in Nigeria are made up of small,
medium and large scale enterprises need financial management to operate
well. The ultimate aim of financial management is to plan and forecast
the profit making and sourcing of fund for business growth. Money is
needed in financial management and used in making plans work. It serves
as a measuring device that can be used in measuring the plan in terms of
naira, and outsiders, such as bankers and other lenders, will do the
same.
In starting new business or expansion loan is required. The burden
of proof in borrowing money is upon the borrower. You have to show the
banker or other lenders how the money borrowed will be used and more
important how and when you will repay back the loan.
The extended essay also look at budgeting, as organisation, whether
economic, social, or political makes plans for an organisation. Without
plan there is no longer an organisation but an uncoordinated assortment
of individuals. Some biz-owners/managers carry plans in their head,
some make rough estimates on their business and others express their
plans in orderly and systematic manner.
An important feature of this extended essay is that the methods
taken are in form of data collection through primary and secondary
sources. The primary includes questionnaires and oral interview and
secondary source include work of authors which were acknowledged.
Finally, the main findings and recommendations are based on the information on the conclusions drawn up to cap the work.
TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
CERTIFICATION PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENT
CHAPTER ONE
1.1 INTRODUCTION
1.2 OBJECTIVE OF THE STUDY
1.3 STATEMENT OF PROBLEM
1.4 SCOPE AND LIMITATION OF STUDY
1.5 SIGNIFICANCE OF STUDY
1.6 DEFINITION OF TERMS
REFERENCES
CHAPTER TWO
2.1 SOURCES OF FINANCE
2.2 ISSUE OF FINANCING THE FIRM
2.3 OBJECTIVE AND SIGNIFICANCE OF FINANCING
2.4 FINANCIAL DECISION MAKING (STAGES & PROCESS)
2.5 CASH CONTROL AND MANAGEMENT OF ORGANISATION IN NIGERIA
REFERENCES
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 INTRODUCTION
3.1 POPULATION OF THE STUDY
3.2 SAMPLING
3.3 PROCEDURE FOR COLLECTION, ANALYSIS AND TREATMENT OF DATA
3.4 VALIDITY AND RELIABILITY
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
4.0 INTRODUCTION
4.1 DATA PRESENTATION
4.2 DATA ANALYSIS
4.3 SUMMARY OF FINDING
4.4 TEST OF HYPOTHESIS
CHAPTER FIVE
5.1 SUMMARY
5.2 CONCLUSION
5.3 RECOMMENDATIONS
BIBLIOGRAPHY
RELEVANCE OF FINANCIAL MANAGEMENT TO BUSINESS GROWTH IN NIGERIA
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The Financial Function has always been important in business management. Irrespective of differences in structure, ownership and size, the Financial Organisation of the enterprise ought to be capable of ensuring that the various finance functions: - Budgeting and controlling are carried out with the highest degree of efficiency. The profit ability of any business depends largely upon the manner the financial functions are performed and related to other business function. .. accounting project topics
RELEVANCE OF FINANCIAL MANAGEMENT TO BUSINESS GROWTH IN NIGERIA