Department of Management & Accounting

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Department of Management and Accounting

Welcome to the Department of Management and Accounting

We are dedicated to exploring the dynamic fields of management, finance, and accounting.

Our mission is to equip students with the knowledge and skills needed to excel in business administration, financial analysis, and strategic decision-making.

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Browsing Department of Management & Accounting by Subject "Cash Management"

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    Working Capital Management and SMES Performance in Ibadan, Nigeria
    (Lead City University, 2023-12) Olufunmilayo Lanrewaju ABIDOGUN
    This study aims to investigate the impact of working capital management on SME performance in selected SMEs in Ibadan, Oyo State. It specifically focuses on determining working capital management efficiency, the effects of cash management and account receivable management on SME performance. The study is guided by resource- based theory and operating cycle theory. The research design outlines the overall approach, with a sample of 287 SMEs chosen from the total population of One thousand and eighteen (1018). Data analysis involved using tables to present simple percentages, frequency count, mean, and standard deviation. Hypotheses were tested through linear regressions at a significance level of 0.05. The analysis revealed a significant association between working capital management efficiency and profitability in SMEs (F = 61.758 and p < 0.001),). Similarly, the impact of cash management on profitability showed a significant effect (F =136.182 and p < 0.001). Account receivable's effect on return on investment was also found to have a significant relationship (F = 4.361 and p < 0.003). Furthermore, inventory management was shown to have a significant influence on customer satisfaction (F = 56.988 and p < 0.001).The study confirmed that the efficient and effective management of these working capital measures significantly influences the financial performance of SMEs. These findings provided strong evidence of the correlation between working capital management efficiency, cash management, account receivable management, inventory management, and their respective impacts on profitability and customer satisfaction. The significant p-values highlight the importance of these variables in influencing SMEs' financial performance and customer satisfaction levels. The study recommended that SMEs should focus on improving their working capital management by implementing robust account receivable and payable management practices, along with effective inventory control techniques. Keywords: Account Receivable Management, Cash Management, Performance, Small and Medium Enterprises (SMEs), Working Capital Management, Performance, Working Capital Management Efficiency Word Count: 285