ABSTRACT
In response to my topic
cash management in medium scale enterprises government has sought to promote
medium scale Enterprises as a strategy for self-reliant industrialization.
It is observed that the distress to
establish medium scale enterprises is the underlying factor of an individual
action to help the developing country as a whole.
Cash has been as the life blood of
any enterprise. Every business organization needs cash to invest in operations
to pay it obligation as they become due to and to provide rheum to individuals.
This project is segmented in to five. The first chapters contain
the introductions, objectives of the study, significant of the study
etc. The literature review form part of the
chapter two, cash management in medium scale enterprises is also use. Chapter
three contain population of the study etc. Chapter four contains the
presentation and analysis of the data also statistical treatment and analysis.
Finally chapter five contains summary and conclusion, Recommendation
bibliography and appendix.
TABLE OF CONTENT
CHAPTER ONE:
INTRODUCTION
1.1 Background
of the
study
1.2 Statement
of the
study
1.3 Objectives
of the
study
1.4 Research
Questions
1.5 Significance
of the Study
1.6 Scope
of the study
1.7 Limitations
of the
study
1.8 Definition
of
Terms
CHAPTER TWO
2.1 Review
of Related Literature
2.2 The
Proper and Effective cash
Management
2.3 What
Medium Scale Firms
Are
2.4 Relationship
to the
Study
2.5 Problem
of the Medium Scale Firm
2.6 The
problem of improper management of
cash
2.7 Ways
to ensure availability of cash for business
operation
2.8
Relationship to the study
2.9
Theoretical Framework
2.10 Basic Cash
Management
2.11 Components of
Cash Flow Statement
2.12 Features of
Good Cash Management
2.13 Cash
Collection and Disbursement
2.14 Way Forward
for a Distressed Cash Management
References
CHAPTER
THREE:
3.1
Research
Design
3.2
Population of the
study
3.4
Sample and Sampling
Procedure
3.5
Sources of
Data
3.6
Methods of Data
Collection
3.7
Method of Data
Analysis
CHAPTER
FOUR:
4.1 Presentation
and Analysis of
Data
4.2 Statistical
Treatment and Analysis of
Data
CHAPTER FIVE:
5.1 Summary
of Findings
5.2 Recommendation
5.3 Conclusions
Bibliography
Appendix
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND TO THE STUDY
History of various
developing countries has shown that industrial revolution had been the main
brain behind their economic survival their great financial strength was built
up principally through the acquisition of industrial and technological power.
Medium scale firms indisputably constitute the bed rock for meaningful
industrialization and consequently the acquisition of industrial and
technological power. Without exception all sign industrial organizations
either multinational or indigenous started in a small way or their own various
levels.
It is observed that the
distress to establish medium scale enterprises is the underlying factor of an
individual action to help the developing country as a whole. It is the
largest single programmed and one of the municipal instruments of community
development. To sustain the continuity of a medium scale enterprises
though cash and its effective utilization is a necessity. Cash has been
as the life, blood of any enterprises. Every business organization needs
cash to invest in operations, to pay it’s obligation as they become due to and
to provide rheum to investors in the form of interest and individuals.
Cash is the money which a business organization and disburse immediately
without any restriction. What is regarded as cash, with regards to a medium
scale firm, undertaking includes coins, currency and cheques held by an
organization and balances in it’s bank accounts and marketable securities or
bank fine deposits, all being equivalent of cash since cash is one of the most
useful resources of any organization, it is necessary to special attention to
cash to ensure it’s proper utilization.
Mr Biggs, a reputable
medium scale firm in Enugu Metropolis concentrates on the production of high
quality bread, cakes, snack and all kind of food out side the buying and
selling out fit. Concentration of many other medium scale firm, quicker
and more money by buying and selling satainly, this is only for a short period
but it ensures a longer and lasting profit.
However, noticeable
features of medium scale firm are that of concentration in the hands of one or
a few persons. These people exercise most of the controls necessary for
running the firms and because they are directly involved on the business the
nature of control differs from what would be expected in a big organization
where ownership and management are separated and an elaborate administration
structure is a necessity.
1.2 STATEMENT
OF PROBLEMS
Medium scale enterprises
have been identified as a basic tool for rural development. They have
taken a turn for the better sense in the past decades. The prospect for
this decade and subsequence decade are bright. The enterprising in geniality
and enthusiasm of any Nigerians are great challenge to the development of the
country as a whole.
To achieve this depends
solely on the proper management of medium scale firms, taking up to the
challenge from internal sourcing of solution. This study titled “cash management
in medium scale enterprises” a case study of Mr Biggs Enugu attempts to
determine:-
i. Procedure
for establishing and managing medium scale firm.
ii. Good
accounting records needed for proper cash management.
iii. Internal
control system as a necessity for effective and proper cash management in
medium scale enterprises.
iv. Cash
management tools in medium scale firms.
v. Cash
management practices in medium firms.
vi. Personnel
requirement for the cash management function.
1.3 OBJECTIVE
OF THE STUDY
The main objective of
the study is enumerated below as follows:-
i. To
find out some aid technique to proper cash management in medium scale
enterprises.
ii. To
find out good financial records and bookkeeping which would enhance the
expansion of cash management in medium scale firms?
iii. To
determine the effect of improper cash utilization in medium scale firms.
iv. To
determine the major cause of improper cash management in the medium scale
enterprises.
v. To
recommend what roles the promoters of medium scale and financial institutions
should play towards effective, efficient and proper cash utilization in medium
scale enterprises.
vi. To
create awareness of the important of proper cash management among medium scale
enterprises.
vii. To
suggest and make possible recommendation aided at eliminating the problems
militating against proper cash management in medium scale establishment from
examination of cash management techniques of medium scale firms. The
project writer will high light the constraints against successful cash
management of medium scale firm and their recommendation for improvement.
Finally, this study
would be a great significant to the project writer since it will endow her with
the articulation of her duties as an accountant in any business organization.
1.4 RESEARCH
QUESTON
i. Are
some aid techniques necessary for proper cash management in medium scale
enterprises?
ii. Can
good financial records and book keeping help to enhance the expansion of cash
management in medium scale firms?
iii. Do
you think the improper cash utilization affects the medium scale firm as a
whole?
iv. Can
the major cause of improper cash management in medium scale enterprises be
determined?
v. Can
the creation of awareness of proper cash management be important among medium
enterprises?
vi. What
roles can the promoters of medium scale and financial institution? Plays
towards effective, efficient and proper cash utilization in medium scale
enterprises.
vii.
1.5 SIGNIFICANCE
OF THE STUDY
It is expected that this
study would be of vital benefit to a member of entrepreneurs, businessmen and
organizations in the following ways:-
i. This
study should provide it’s numerous reader with a clear insight into the cash
management function of medium scale enterprises.
ii. This
study shall create awareness of the importance of proper cash management among
our medium scale enterprises.
iii. It
equally provide a basis for further studies into other aspect of cash
utilization in medium scale enterprises.
iv. The
study will benefit the businessmen, entrepreneurs and organizations in
particular since it would expose them to the possible aid techniques of cash
management.
v. It
is also expected that business consultants would benefit from this study.
Since it would give them a clear insight into the efficient utilization of
limited resources of medium scale enterprise.
1.6 SCOPE
OF THE STUDY
The study titled “cash
management in medium scale firms” could have been extended to cover the whole
of Enugu Metropolis and beyond all aspect for the problems of medium
enterprises, but due to the huge financial requirement involved, coupled with
the short time frame within which the study must be conducted, and completed,
the author was compelled to limit the scope of medium firm using Mr. Biggs’s
Enugu as a case study.
1.7 DEFINITION
OF TERMS
At this stage, the
author finds it necessary to defined and explain some of the terms, which have
been used in the course of this study.
Medium Scale Enterprises
(M.S.E)
There are as many
definitions of medium scale enterprises (MSES) as there are experts on the
subject.
“The Nigerian Industrial
policy describes medium scale enterprise as those with total investment of
between N100,00 and N2 million exclusive of land but including working
capital. Central Bank of Nigeria described medium scale enterprise or
firm as those capital investment which does not exceed N5 million including
land and working capital whose turnover are not more than N25 million annually.
“The Company and Allied
Matter – Decree (CAMD) no. 1 of 1990 section 376(2) depress a
medium scale enterprises as an enterprises whose annual turnover is not more
than N2 million or whose net value (Net worth) is not more than N1 million.
In this project work, I
the author defines medium scale enterprise or firm as those with capital
structure of not more than one or few persons than N500,000 which are owned,
managed and controlled by and whose side does not permit for elaborate
administrative structure.
Cash Management
This is defined ad the
process of conserving cash and optimizing cash. How to be able to meet
obligation as and when due the and generally raising the awareness of cash cost
in every area of business activity.
Cash Management Tools
These are several
techniques developed by the treasuring department of major companies for
managing cash flow.
Department | Business Administration and Management |
Project ID Code | BAM0307 |
Chapters | 5 Chapters |
No of Pages | 105 pages |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
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Contact Us On | +2347043069458 |