Working Capital Management Practices Required by Small And Medium Scale Enterprises For Effective Operations in Delta State, Nigeria

  • Type: Project
  • Department: Education
  • Project ID: EDU3583
  • Access Fee: ₦5,000 ($14)
  • Pages: 274 Pages
  • Format: Microsoft Word
  • Views: 261
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

ABSTRACT

The main purpose of this study was to determine the working capital management practices required by Small and Medium Scale Enterprises (SMEs) for effective operations in Delta State, Nigeria. Six research questions were raised for the study which include; what are the sources of financing working capital required by SMEs for effective operations and six null hypotheses were formulated for the study which include; there is no significant difference between the mean responses of managers and accountants on the cash management practices required by Small and Medium Scale Enterprises for effective operations in Delta State. A descriptive survey design was adopted for this study. The population for the study consisted of 3,627 respondents, made up of 2,012 managers and 1,615 accountants from the 2,012 Small and Medium Scale Enterprises operating in Delta State, as registered with the Ministry of Commerce and Industry. The proportionate stratified and systematic random sampling techniques were employed to select a sample size of 1,110 respondents made up of 616 managers and 494 accountants, which is 30.6% of the population. A Working Capital Management Practices Questionnaire (WCMPQ) was used as the instrument for the study, which was face validated by five experts; two from the Department of Vocational Teacher Education, University of Nigeria Nsukka, two from the faculty of education, Delta State University, and one professional in the industry. The Cronbach Alpha Reliability Coefficient of 0.81 was obtained for the study. The instrument was administered on personal contact by the help of 18 trained research assistants. Out of the 1110 copies of questionnaire administered, 990 were retrieved and used for the study. The data collected were analyzed using the mean and standard deviation in answering the six research questions while t-test analysis was employed in testing the six null hypotheses at 0.05 level of significance. The findings obtained includes: (1) SMEs in Delta State highly require both long-term and short-term sources in financing their working capital; (2) SMEs in Delta State highly require most cash management practices. Amongst others, it was recommended that Business educators, especially accounting educators should be innovative in their instruction by equipping their students with the relevant skills on cash management, accounts receivables management, inventory management, accounts payable management, and investment management; which will enable these students to stand the better chance of succeeding when they establish SMEs.

Working Capital Management Practices Required by Small And Medium Scale Enterprises For Effective Operations in Delta State, Nigeria
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Education
  • Project ID: EDU3583
  • Access Fee: ₦5,000 ($14)
  • Pages: 274 Pages
  • Format: Microsoft Word
  • Views: 261

500
Leave a comment...

    Related Works

    ABSTRACT The main purpose of this study was to determine the working capital management practices required by Small and Medium Scale Enterprises (SMEs) for effective operations in Delta State, Nigeria. Six research questions were raised for the study which include; what are the sources of financing working capital required by SMEs for effective... Continue Reading
    ABSTRACT In Kenya, Small and Medium Enterprises (SMEs) have continued to face a mountain of challenges and struggle to achieve significant growth despite their importance to the Kenyan Economy. Imprudent working capital decisions have been highlighted in literature as some of the principal causes of their stagnation and decline in growth.... Continue Reading
    ABSTRACT Proper working capital management is essential for business survival. This is based on the fact that a firm’s inability to identify relevant working capital management practices can be its source of inability to perform. The general objective of this study was to determine the effects of working capital management practices on... Continue Reading
    TABLE OF CONTENTS DECLARATION APPROVAL DEDICATION ACKNOWLEDGEMENT iv TABLE OF CONTENTS V LIST OF ACRONYMS Xi ABSTRACT xii CHAPTER ONE 1 1.0 Introduction 1 1.1 Background of the study I 1.1 .1 Historical perspective .1.2 Theoretical perspective 2 1 .1 .3 Contextual Background 3 1.2 Statement of the Problem 4 1.3 Purpose of the study 4 1.4 Research... Continue Reading
    CHAPTER ONE 1.0. Introduction. This chapter presents the background of the study, the statement of the problem. purpose or the study, objectives of the study, research questions, and scope of the study and signi fica nee of the study. Management of current assets and liabilities is particularly important in the case of small and medium-sized... Continue Reading
    CHAPTER ONE INTRODUCTION 1.1 Background to the study  Small and medium enterprise (SMEs) are considered backbone of economic growth in all countries (Rajesh, Surash and Deshmukh, 2008). Small and medium enterprises play an important role in Nigeria’s economic growth, as they constitute 97.2% of the companies in Nigeria (Ministry of Trade and... Continue Reading
    ABSTRACT The study sought to establish the relationship between the working capital management practices and profitability of selected Small and Medium Enterprises (SME5) in Kampala, Uganda. The study was guided by four objectives namely; Determine the profile of the respondents in terms of age, gender, position, period of stay at workplace and... Continue Reading
    ABSTRACT The study sought to establish the relationship between the working capital management practices and profitability of selected Small and Medium Enterprises (SME5) in Kampala, Uganda. The study was guided by four objectives namely; Determine the profile of the respondents in terms of age, gender, position, period of stay at workplace and... Continue Reading
    Abstract The major purpose of the study was to determine the working capital management competencies needed by graduates of business education for management of small and medium scale business enterprises in Anambra State. The study utilized a survey research design. The population of the study was 188 comprising 95 business education teachers in... Continue Reading
    ABSTRACT The failure of previous financial policies of governments to achieve desirable economic growth was a concern that demands restructuring of the system, especially in the glare of an ailing economy. The introduction of the Structural Adjustment Programme (SAP) in 1986 and the privatization programme in 1989 were in response to failed... Continue Reading
    Call Us Get this work