Abstract: THE IMPACT OF ECONOMIC DOWNTURNS ON FINANCIAL MANAGEMENT PRACTICES
This study investigates the impact of economic downturns on financial management practices. Objectives include analyzing how economic downturns affect financial strategies, identifying adaptive practices that mitigate adverse impacts, and evaluating the long-term effects on financial stability. A survey research design is used to collect data from financial managers in various industries. Using Taro Yamane's formula, a sample size of 300 firms in Lagos, Nigeria, was chosen. The reliability coefficient score of the survey instrument is 0.87. Findings indicate that economic downturns significantly disrupt financial management practices, necessitating adaptive strategies such as cost reduction and liquidity management to maintain stability. Recommendations include developing robust contingency plans and flexible financial strategies to navigate economic uncertainties effectively.
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The effect of rainfall in our society today is stupendous. Rainfall is seen as a benefit to crops and lives. Accurate and timely...
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This study investigates the benefits and best practices of technology integration in early childhood education, focusing on lear...
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With the rapid development of today’s global market, organizations are continuously seeking ways to grow...
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The management of current assets and short term funds is as important as that of fixed assets and long te...
Abstract: THE ROLE OF FORENSIC ACCOUNTING IN DISPUTE RESOLUTION AND EXPERT TESTIMONY
This research explores the pivotal...
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Steganography is the art of hiding information within other information in such a way that it is hard or even i...
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The paper examines the design and implementation of an online assignment submission system. The challenges face...
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This research work Titled―the practice of people of katsina stateon child custody after termination of marriage‖ endeavored to l...
Background of the study
The mass media perform a number of functions in every society. In performing its functions they do not work in is...
Abstract
The research provides an appraisal of the role of the auditor in the achievement of organization objec...