0704-883-0675     |      dataprojectng@gmail.com

RELEVANCE OF FINANCIAL MANAGEMENT AND PLANNING ON SMALL SCALE BUSINESSES IN YOBE STATE (STUDY OF SELECTED SMALL-SCALE BUSINESSES IN GASHUA)

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

ABSTRACT

This study was carried out to investigate the relevance of financial management and planning on small scale businesses in Yobe state  using selected small-scale businesses in Gashua as case study. Specifically, the study examined the role of financial management & planning on SMEs; the factors that influence the adoption of effective Financial management & planning by SMEs; the extent implementation of Financial management  by SMEs in Gashua has enhanced accountability. The study employed the survey descriptive research design. Questionnaire was used for data collection which was raised against a four Likert scale of Strongly Agree(SA), Agree(A), Strongly Disagree(SD) and Disagree(D), and was analysed using the Relative Importance Index (RII). A total of 338 respondents were purposively selected as sample size comprising of block businesses, bakery businesses, sachet water businesses and tailoring and fabrics businesses. Out of the 338 respondents, 259 responses were validated from the survey. The study adopted the Pecking Order Theory. From the responses obtained and analysed, the findings revealed that there is a significant positive relationship between financial management and planning and sustainability of SMEs. This implies that SMEs who adopts effective financial management and planning in their business achieves sustainability. Furthermore, there is a significant positive relationship between financial management and planning and accountability of SMEs. This is as the Pearson correlation test showed a positive significant relationship of (.922**) and (.897**) respectively. On the basis of these findings, it was recommended thatSMEs in Gashua should adopt financial management and planning in their businesses in order to benefit from its numerous advantages such as accountability, profitability and sustainability for businesses. More so, the Small and Medium Enterprises Development Agency (SMEDAN) and financial experts should sensitize the SMEs owners on the relevance of bookkeeping, financial reporting and analysis as well maintaining proper books of analysis. Capacity building should be organized for SMEs owners to help them understand why they should keep updated books so as to effectively measure their performance.

 




FIND OTHER RELATED TOPICS


Related Project Materials

IMPACT OF WORKING CAPITAL MANAGEMENT ON CORPORATE PROFITABILITY OF NIGERIAN MANUFACTURING FIRMS: 2000 TO 2011

Abstract

 

This study examined the impact of working capital management on the profitability of Nigerian...

Read more
DESIGN AND IMPLEMENTATION OF A COMPUTER BASED INFORMATION SYSTEM FOR MORTGAGE FINANCING

Background of the study

The provision of the financial resources that are necessary for homebuyers to complete the acqui...

Read more
FISCAL FEDERALISM IN NIGERIA: THEORY AND DIMENSIONS

ABSTRACT

The dynamism and complexity of Nigeria’s federalism has attracted academic scrutiny. Thi...

Read more
COMPUTER BASED CENSUS MANAGEMENT SYSTEM

ABSTRACT

The researcher chose to research on this topic “Computer Based Census Management System” because of its relevance to...

Read more
THE IMPACT OF INDUSTRY 4.0 ON VOCATIONAL TRAINING

Abstract: This study investigates the impact of Industry 4.0 on vocational training in Nige...

Read more
A_COMPARATIVE_STUDY_OF_CHEMICAL_AND_MICROWAVE_SYNTHESIZED_ACTIVATED_CARBORN_FROM_CORN_COB

STATEMENT OF PROBLEM

In recent years, increasing awareness of environmental impact of organic and inorganic compounds has prompted the pu...

Read more
X-RAY REPEAT REJECT ANALYSIS IN PHC NINGI LOCAL GOVERNMENT AREA OF BAUCHI STATE

Background of the study

X-ray imaging plays a crucial role in diagnostic and therapeutic procedures in...

Read more
THE ROLE OF AUDITORS AND THE METHOD OF INTERNAL CONTROL IN LOCAL GOVERNMENTS

ABSTRACT

The subject of this research investigation is “The Role of Internal Auditor and the method of Internal Co...

Read more
ETHNICITY AND RELIGION IN INTER GROUP CONFLICTS IN NIGERIA

ABSTRACT

The child abuse menace is as old as the birth of the first child, until very recently child maltreatment has ne...

Read more
PROBLEMS AND PROSPECTS OF MANAGING STUDENT HOSTELS IN NIGERIA

Abstract

This study is on problems and prospects of managing student’s hostel in Nigeria. The total population for...

Read more
Share this page with your friends




whatsapp