The Significance Credit Management In Business Organization is a complete final year project material you can download for your research work from chapter one to five including references and abstract
Table of contents
PASS 2024 UTME WITHOUT STRESS:- 👉 DOWNLOAD and PRACTICE with 2023 UTME CBT APP 📱👈
CLICK to DOWNLOAD NOW.:- 👉 PASS Your POST UTME by Downloading Your School's Post UTME Past Questions and Answers 📱👈
Title page
Certification page
Dedication page
Acknowledgements
Abstract
Table of contents
CHAPTER ONE
Background of the study
Statement of problem
Objective of the study
Significance of the study
Scope of the study
Definition of terms
The working hypothesis
History of the company
Administration of a global soap
CHAPTER TWO
2.1 Literature review
2.2 The Need for credit management
2.3 Credit policy, credit control procedures and credit reporting
Collection and deciding acceptable level of risk
Collection policies and procedures
Accounts receivable, account payable and reconciliation of accounts
The role of debtors statement terms of sales
Selecting a credit worthy customer
Credit insurance
CHAPTER THREE
Research methodology
3.1 Research design
3.2 Types and method of data collection
3.3 Determination of population and samples size
3.4 Questionnaire design and administration
3.5 Processing of data
3.6 Questionnaire assumptions
3.7 Reliability of data
3.8 Validity of data
CHAPTER FOUR
Presentation, analysis and interpretation of data
4.1 Analysis procedures
4.2 Testing hypothesis
CHAPTER FIVE
Summary of the major findings, conclusion and recommendation of the study
5.1 Summary of the major findings
5.2 Conclusion
5.3 Limitations of the study
5.4 Recommendation of the study
Appendix
References
Questionnaire
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
In some years back, cash management has become the most important sector of the financial management in many trading organization. This is because without adequate cash, a business can not exist. For this reason, cash is often des cribed as the life blood of a business and it controls the means of maintaining commercial health. This serves. To emphasis one vital message that liquidity is a pre-requisite for commercial life and cash management is as natural as staying alive.
For single purpose of securing sales, credit is extended to customers, credit sales, therefore, has been an essential tool of modern competitive economic systems. It is an important marketing tool to aid sales of goods.
Generally, it is made on open account (i.e. no formal acknowledgement, of debt. Obligation through a financial documents) but in order to achieve its aim of securing sales, it is essential therefore, that it achieves this and that it does so profitably.
Credit management is the term given to this, failure to apply such control, often leads to emergency collection of debts, and since total debtors are more in value and nature with the daily change in business there is no substitute for a proper credit management system many business that gives credit to its customers.
The Effect Of Human Resource Management On The Overall Performance Of An Organization
. Human Motivation As An Effective Tool For Organizational Development
A carefully considered credit policy is needed by any company that sells goods or provides services on credit. The state of development that this policy has reached will obviously vary from one organization to another. In some companies goods may be sold on credit because competitors provide generous credit facilities and as a result no real consideration may have been given to the circumstances in which credit would be given or not. In not more efficient company, however credit policy will almost certainly have been considered much more seriously very often as part of the overall aims and objectives of the organization.
This is because credit policy can have a significance influence upon sales, credit policy provides framework to determine whether or not to extend credit to a customer and how much credit to extend. It operates through the credit standards and credit analysis. Credit standard gives the basic criteria for the extension of credit to a customer. This is done through some various mean like.
Credit rating; looking into past records through agencies and deducing the credit worthiness.
Credit reference: data of the prospective debtors as gather by bank, old customers e.t.c
On the other hand, credit analysis involves procedures for evaluating credit applicants
This will be proceeded by the collection of information. The services of information may be through
Financial statement: at the time of prospective sales the seller may request a financial statement as one of the most desirable sources of information for credit analysis. Having collected the credit information, be firm will make a credit analysis of the applicants.
Collection policy undertakes the combination of collection procedure it also includes the expression of credit terms. These are the terms and condition on which trade credit will be made available. It stipulates the repayment terms of receivables. Credit terms involve both the length of the credit period and the discounts given. This is essential control that no business could afford to ignore. It takes the liquidity problem of the business as its credit system and hence, the significance of credit management is necessary to be studied.
1.2 STATEMENT OF PROBLEM
This research work is aimed at finding out the significance of credit management in business organization. Therefore, the research work looks into the under listed problems which might be facing the organization in order to draw inferences on the best solution to problem these are:
Whether credit extension have any effects on turnover
Whether credit extension influence the stay of customer in a particular organization
Whether credit extension have any positive or negative effect on the overall performance of the organization
Whether credit extension is the cause of cash shortage i.e. liquidity problem
1.3 OBJECTIVES OF THE STUDY
Sales is not complete until cash is in the bill, therefore, the control of debtors in an organization needs to be examined to know whether the aim of granting a credit might be achieved after all. Hence, the main objectives of this research is to examine the significance of credit management in business organization, others are
To find out the extent to which granting of credit increase sales.
To know the problem(s) encountered as a result of credit sales due to violation of credit period.
To the effect of credit sales in the overall performance of the organization
To examine the relationship of credit management to the liquidity ratio of the organization
To find out the extent to which granting of credit influences the relationship between customers and the organization
1.4 SIGNIFICANCE OF THE STUDY
The recent inflationary condition which has many organizations into liquidity problem is the concern of researcher. It has become more important than ever before to get money promptly from trade debtors, but in most case this has probed to be a difficult task, especially, where debtors have traditionally had little difficulty in obtaining substantial periods of credit, what surprise the researcher really was. His experience during his industrial attachment in global soap and detergent
The study is of immense important to all and sundry, as a result, the research work will.
Broaden the scope of the research of the researcher on the significant of credit management in business organization
It will be of significance to any future researchers, who may want to carry out further study on this typical area
It will enable the company to realize the impact of credit management in the overall performance of the company.
The study will establish the fact that trade credit is advantageous to companies
1.5 SCOPE OF THE STUDY
Theoretically, this study is limited to finding out the significance of credit management in business organization. It considers how credit management can effectively help the organization to achieve its aims and objectives.
Geographically, the study will be limited to Global soap and Detergent Nigeria Limited and its vendors.
Though, I deally, the whole of Nigerian is expected to be covered but due to the problems of time and cost, therefore the findings is particular to all business organization in Nigeria.
>GUARANTTEE|:| Score 280 Above in 2024 UTME👉 DOWNLOAD FREE JAMB CBT APP HERE:.: GURRANTTEE Score 280 Above in 2022 UTME👉 DOWNLOAD FREE JAMB CBT APP HERE 📱👈WISH TO STUDY & LIVE in UK?:- STUDY, WORK AND LIVE IN the UK Application Form NOW OUT. Call 08030447894
