THE ROLE OF FINANCIAL MANAGER IN A MANUFACTURING FIRM
(A CASE STUDY OF EMENITE LIMITED, EMENE ENUGU)
Methodology 36
Summary Recommendation and Conclusion 60
Bibliography 66
Reference 68
Appendix 69
INTRODUCTION
It has become a well known fact that without money a business cannot function consequently an understanding of finance, which is the appreciation of the role of money and its ability to measure. The measure of a business is essential for good management. However, money can be likened to a lubricant, too little and the business is a wash with all types of project for using the surplus cash some of which may be good risks while others may penalized the business. Again money presents its own problems particularly when inflation sets in and as a result the purchasing power will change from time to time.
Now, the role of financial managers becomes imperative consequently, the professions is one of the professions which is still struggle to assume its place in an organizational structure with the increasing complexity in human organization of there has arises more and more.
Specialization of people in various disciplines and therefore finance must take its on position. Financial manager is an expert trained in the field of finance, and the functions include planning for acquisition of funds and utilization of such funds in ways that will maximize the efficiency of an organization. The project researcher intended to project the role of financial manager as regards manufacturing firms and as J balty puts it “an adequate funds and cash flow is essential more than this, a business cannot afford to stand still.
In any competitive field it will be essential for improvement to introduce new products and to expand”. However, despite much publications and emphasis placed on the role of financial manager in any business organizations, most of our policy makers whether in private, public and governmental establishments have not realized these vital roles and the resultant effects are stagnation and collapse of many of our business activities with the claims and counter claims by various professionals and near professional. There is establishment among many business organizations which are confronted with certain problems and which need expert advice. In this case management’s must try to recognize and consult the service of financial manager this alternative in business is to be very carefully considered before a judicious choice can be made.
1.2 THEORETICAL FRAMEWORK
1.2.1 HISTORY SUPPORTING THEORIES
The study of financial management has undergone a lot of changes since its inception as a subject of its own.
According to E.F Briham and F. Weston “during 1940s, 1950s finance was continued to be taught as descriptive institutional subjects viewed from the outside rather than from in his own view stated that at some decades ago, the scope of financial management was circumscribed to the raising of funds whenever needed and no significance was use to be attached to the day to day financial decision making and problem solving. But in the recent years the concern of the financial managers besides his traditional function of raising funds is to determine the size and technology in setting space and direction of growth and in shaping the profitability and risk complexion of the firms by selecting the best asset mix and by obtaining the optimum financing mix the functions are sum margined as:-
1.2.2 SOURCE OF INFORMATION
According data provided management with essential information on the financial status of the organization necessary for its present stability and future well being. It enables the profit to be computed and a balance sheet to be competed from these it is possible to measure the effectiveness of a business and
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COMPLETE MATERIAL COST N2,500 Or $10. FRESH PROJECT MATERIAL COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.
THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
Account Number: 0117780667.
Swift Code: GTBINGLA
Dollar conversion rate for Naira is 175 per dollar.
ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>DELIVERY PERIOD FOR BANK PAYMENT IS LESS THAN 24 HOURS
CALL OUR CUSTOMERS CARE OKEKE CHIDI C ON : 08074466939,08063386834.
AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO
08074466939 or 08063386834, YOUR PROJECT TITLE YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.
WE HAVE SECURITY IN OUR BUSINESS.
(A CASE STUDY OF EMENITE LIMITED, EMENE ENUGU)
CHAPTER ONE
- Introduction 1
- Theoretical frame work 3
- Statement of problems 6
- Purpose of the study 7
- Significant of the study 8
- Scope and limitation ] 9
- Definition of terms 10
CHAPTER TWO
- Review related literature and studies 13
- Local related literature and studies 13
- Foreign related literature and studies 23
CHAPTER THREE
Methodology 36
- survey instrument 36
- sources of data 36
- analysis of data 37
- instruments for data analysis 38
CHAPTER FOUR
- Data presentation and analysis 39
- Analysis of questionnaire 43
- Testing of hypothesis 48
CHAPTER FIVE
Summary Recommendation and Conclusion 60
- Recommendation 60
- Conclusion 64
Bibliography 66
Reference 68
Appendix 69
CHAPTER ONE
INTRODUCTION
It has become a well known fact that without money a business cannot function consequently an understanding of finance, which is the appreciation of the role of money and its ability to measure. The measure of a business is essential for good management. However, money can be likened to a lubricant, too little and the business is a wash with all types of project for using the surplus cash some of which may be good risks while others may penalized the business. Again money presents its own problems particularly when inflation sets in and as a result the purchasing power will change from time to time.
Now, the role of financial managers becomes imperative consequently, the professions is one of the professions which is still struggle to assume its place in an organizational structure with the increasing complexity in human organization of there has arises more and more.
Specialization of people in various disciplines and therefore finance must take its on position. Financial manager is an expert trained in the field of finance, and the functions include planning for acquisition of funds and utilization of such funds in ways that will maximize the efficiency of an organization. The project researcher intended to project the role of financial manager as regards manufacturing firms and as J balty puts it “an adequate funds and cash flow is essential more than this, a business cannot afford to stand still.
In any competitive field it will be essential for improvement to introduce new products and to expand”. However, despite much publications and emphasis placed on the role of financial manager in any business organizations, most of our policy makers whether in private, public and governmental establishments have not realized these vital roles and the resultant effects are stagnation and collapse of many of our business activities with the claims and counter claims by various professionals and near professional. There is establishment among many business organizations which are confronted with certain problems and which need expert advice. In this case management’s must try to recognize and consult the service of financial manager this alternative in business is to be very carefully considered before a judicious choice can be made.
1.2 THEORETICAL FRAMEWORK
1.2.1 HISTORY SUPPORTING THEORIES
The study of financial management has undergone a lot of changes since its inception as a subject of its own.
According to E.F Briham and F. Weston “during 1940s, 1950s finance was continued to be taught as descriptive institutional subjects viewed from the outside rather than from in his own view stated that at some decades ago, the scope of financial management was circumscribed to the raising of funds whenever needed and no significance was use to be attached to the day to day financial decision making and problem solving. But in the recent years the concern of the financial managers besides his traditional function of raising funds is to determine the size and technology in setting space and direction of growth and in shaping the profitability and risk complexion of the firms by selecting the best asset mix and by obtaining the optimum financing mix the functions are sum margined as:-
- Raising of funds to finance projects
- Employment of the funds raised in viable projects.
- Management of cash arising from this prefect
- The return of funds to the financing sources.
1.2.2 SOURCE OF INFORMATION
According data provided management with essential information on the financial status of the organization necessary for its present stability and future well being. It enables the profit to be computed and a balance sheet to be competed from these it is possible to measure the effectiveness of a business and
Download our android mobile app for more materials
ORDER NOW
COMPLETE MATERIAL COST N2,500 Or $10. FRESH PROJECT MATERIAL COST 50,000 NAIRA FOR UNDERGRADUATE, OTHERS 100,000 -200,000 NAIRA.
THE NATURE AND CONSEQUENCES OF JUVENILE DELINQUENCY IN NIGERIA: A STUDY OF ENUGU NORTH LGA, ENUGU STATE
MAKE YOUR PAYMENT INTO ANY OF THE FOLLOWING BANKS:
GTBANK
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
Account Name : Host Link Global Services Ltd
ACCOUNT NUMBER: 0138924237
First Bank:
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Account Name: Chi E-Concept Int’l
Account Name: 3059320631
Foreign Transaction For Dollars Payment :
Bank Name: GTBank
Branch Location: Enugu State,Nigeria.
Account Name: Chi E-Concept Int’l
Account Number: 0117780667.
Swift Code: GTBINGLA
Dollar conversion rate for Naira is 175 per dollar.
ATM CARD: YOU CAN ALSO MAKE PAYMENT USING YOUR ATM CARD OR ONLINE TRANSFER. PLEASE CONTACT YOUR BANK SECURITY FOR GUIDE ON HOW TO TRANSFER MONEY TO OTHER BANKS USING YOUR ATM CARD. ATM CARD OR ONLINE BANK TRANSFER IS FASTER FOR QUICK DELIVERY TO YOUR EMAIL . OUR MARKETER WILL RESPOND TO YOU ANY TIME OF THE DAY. WE SUPPORT CBN CASHLESS SOCIETY.
OR
PAY ONLINE USING YOUR ATM CARD. IT IS SECURED AND RELIABLE.
form>DELIVERY PERIOD FOR BANK PAYMENT IS LESS THAN 24 HOURS
CALL OUR CUSTOMERS CARE OKEKE CHIDI C ON : 08074466939,08063386834.
AFTER PAYMENT SEND YOUR PAYMENT DETAILS TO
08074466939 or 08063386834, YOUR PROJECT TITLE YOU WANT US TO SEND TO YOU, AMOUNT PAID, DEPOSITOR NAME, UR EMAIL ADDRESS,PAYMENT DATE. YOU WILL RECEIVE YOUR MATERIAL IN LESS THAN 2 HOURS ONCE WILL CONFIRM YOUR PAYMENT.
WE HAVE SECURITY IN OUR BUSINESS.
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