Impact of Financial Management Practices on the Growth of Small and Medium Scale Enterprises in Ghana: The Case of Birim Central Municipality.
Journal Title: International Journal of Innovation and Research in Educational Sciences - Year 2018, Vol 5, Issue 2
Abstract
The main purpose of the study was to investigate the ‘Impact of Financial Management Practices on the Growth of Small and Medium-Scale Enterprises in Ghana within the Birim Central Municipality. The specific objectives of the study were to ascertain the type of book keeping practice of SMEs, examine the process of managing cash flow and credit among SMEs, assess how SME’s control their stock with respect to working capital and accounts receivables and examine the challenges of SMEs with respect to financial management practices in Birim Central Municipality. The study concluded that most of the respondents do sometimes practice financial management. The results further revealed that most of the respondents totally agreed to the importance of financial management Practices. It was deduced from the data obtained that most of the respondent use more of the cash book and sales day book as compared to the other type of book keeping. However, it came to light that most of them had not had training in managing their financial resources.
Authors and Affiliations
Okyere Bismark, et al.
Keywords
Related Articles
- EP ID EP504185
- DOI -
- Views 116
- Downloads 0
Research on Location Selection of International Offices of Large Multinational Service Companies Based on Analytic Hierarchy Process .
At present, there are many large multinational service companies that are in the process of continuous development. In order to facilitate the expansion of the company's scale, it is necessary to set up some internationa...
Information Technology as Predictors of Organizational Performance in Sports Managements in Nigeria
The paper examined the impact and the usefulness of information technology towards sport performance and development in Nigeria. The purpose of this study is to find out the contribution of information technology in spor...
Indolence of the Filipino in the Realm of System of Objects: A Critical Theory Approach.
he arrival of Dr. Jose Rizal on June 26, 1892 created a stir in the society so much so that the Spanish colonial authorities kept an eye on him. This was also because Rizal was a staunch critique to the government. All h...
Current Situation of Professional Skills for Students of the Economic Sector through Teaching Mathematics – Case Study at Lac Hong University Viet Nam.
For the purpose of research to teach mathematics subjects to meet the output standards of the economic sector at Lac Hong University, we have researched and suggested professional skills needed for training the students...
CSR Initiatives: Role of Public and Private Participation in Accessing Education in Rural India.
Education is the backbone of every society in this world. But what matters the most is the quality education- a dream for many. Education is the most powerful tool to break the inter-generational cycle of poverty - it he...