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The Role Of Working Capital Management As A Tool Effectiveness In The Nigeria Bank
[A CASE STUDY OF UNION BANK OF NIGERIA PLC, ILORIN]
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1.4 OBJECTIVE OF THE STUDY
Working capital represents a large proportion of total investment in the operation in the operation of any financial organization the management of this aspect of firms resources is crucial to the success and survival of any company.
A company can be seen as a series of cash flow. In order words. These streams of cash flow constitute the components of working capital in view of the above, the following of the relevant objectives and purpose of the study of working objectives and purpose of the study of working capital management especially in financial organization, such as unions bank of Nigeria plc. This is a case study in this project.
1. To identify the various method or techniques for managing the individual component of working capital in financial organization concern in particularly how union Bank of Nigeria plc. Manage the component of its working capital.
2. To determine an optional working level
3. To examine operational and financial efficiency of union bank plc in term its ability to earn on its owners.
4. To identify the component of working capital the relevance of this study can be seen in terms of the importance of working capital smooth operation of the firm and it ability to invest in working capital, in most efficient and effective manner. This at the end of this project, it should possible to review, assets and critically analysis the method of managing the working capital of union Bank of Nigeria plc.
Over all additional contribution should have been to those of the early writers on how best to manage working to ensure optimum level of investment.
1.5 SCOPE OF THE STUDY
Working capital management is used for business survival in many fields of business world. However, this study of working capital management as tool for business survival is limited to financial organization and the study bases on union Bank plc. Ilorin branch the study concentrated on the perception of the management, intermediate and hour level work. In the effectiveness of this model as tool in business survival. Where by working capital techniques are used by the management of considered in making decision in the company.
1.6 LIMITATION OF THE STUDY
The first problem encountered in collecting our data was inadequate of data on the study, the topic been relatively new, text are not adequate gotten on the subject. Also the reluctancy in the attitude of staffs,
Finance and the constraints were another limitation to data collection problems and the prospect of small scale business. This can stem from the fact that the researcher had to go to the office time without number (which were in kwara state).
This the limitations centre on transportation cost and time because we are a student who had to combine project work with our academic.
1.7 PLAN OF THE STUDY
This research work examine the important of effective working capital cash, cash management inventory management and debtor management.
Part three of this project death with the research methodology procedure, research design, and generalization of sample size that related to the brief historical background of union Bank plc in Nigeria part four which dealt with data analysis and interpretation of findings, questionnaire analysis.
1.8 DEFINITION OF TERMS
This is an act of recoding, classifying, summarizing in significant number and in terms of money transaction and events which are in part at least of financial character and interpreting the result thereof.
Data: A set of fact, information collected and ready for use
Cottage industry: Any group of people or object which are similar in one way or more and which form the subject of the study in a particular survey.
Sample: This is defined as of the whole
Credit policy: This is a clear act guideline on the extension of credit facised when customers are allowed to make immediate use or to carry goods away and make.
Cash Flow: This is the movement of cash in and out of the business. It is synonymous with the cash account.
U.B.N: Union bank of Nigeria
C.B.N: Central Bank of Nigeria
Business: can be define as any activities pat in place by a man in ofter for him/her to earn a living.
Working capital: Can be defined as the resources available for conducting day-to-day operations of an organization; normally. It is the excess of current assets over current liabilities.
Management: It can be defined as a vital sector of our society. Our economic needs and wants are met by business and our lives are touched daily in countless. ways by the operations of business people.
Investment: Can be define as the commitment of a sum of money usually large into a business or project with the aim of reaping a stream of
As set: can be described as which belong to the income business like building motors machinery etc.
Liabilities: can be define as the indelitedness of the business to outsider. It is the claim on the assets of the company.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis work of project based on the working capital management as a tool for business survival is classify into five different chapters. Which the chapter one based on the general introduction, background of the study, statement of the problems justification of the study and objective of the study, scope of the study and plan of the study.While chapter two relies on literature review with sub-division of working capital management working capital circle, component, cash management importan ... Continue reading---
