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CASH
MANAGEMENT IN MEDIUM SCALE ENTERPRISES
(A CASE STUDY OF MR
BIGGS ENUGU)
TABLE OF CONTENT
Title page
Abstract
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 The
aid and techniques towards the study
2.6 Problem
of the medium scale firm
2.7 The
problem of improper management of cash
2.8 Ways
to ensure availability of cash for business operation
CHAPTER
THREE:
3.1
Research methodology
3.2 Research design
3.3 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
and Conclusion
5.2 Recommendation
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 programme and one of the municipal instruments of community
development. To sustain the continuity of a medium scale enterprises
though cash and it’s 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 winter 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.
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.
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