THE IMPACT OF BUDGETING ON CASH FLOW MANAGEMENT
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
THE IMPACT OF BUDGETING ON CASH FLOW MANAGEMENT
The objectives of this research are to: (1) investigate the impact of budgeting on cash flow management, (2) identify the key benefits of effective cash flow budgeting, and (3) assess the challenges associated with cash flow budgeting. A survey design was chosen to gather insights from financial managers and accountants. Using Taro Yamane's formula, a sample size of 378 participants from manufacturing firms in Lagos was determined, ensuring comprehensive insights. The manufacturing sector was chosen for its complex financial structures and need for effective cash flow management. The reliability coefficient score of the survey was 0.88. Findings indicate that effective budgeting significantly improves cash flow management by providing clear financial projections, aiding in liquidity management and financial stability. Recommendations include integrating cash flow budgeting processes with overall financial planning, providing training on effective cash flow budgeting techniques, and continuously monitoring and adjusting cash flow budgets to ensure financial stability.
