Theses / Dissertations >
College of Arts and Social Sciences >
Please use this identifier to cite or link to this item:
|Title: ||Cash management practices of three selected listed firms on the Ghana Stock Exchange (Produced Buying Company Limited, Unilever Ghana Limited and Ghana Oil Company Limited)|
|Authors: ||Osei, Jemima Twumwaah|
|Issue Date: ||12-Apr-2016|
|Abstract: ||The firms cash management practices which manage working capital in the form of cash
receivables from customers, inventory holdings and cash payments to suppliers are
inexorably linked to the firms operations and performance. However, this subject is often
not given the adequate attention in many firms. This therefore ends up affecting the
performance of such firms in the long run.
The main objective of the study was to investigate the effect of cash management
policies of Produced Buying Company, Unilever Ghana and GOIL Ltd. The study used
structured questionnaires and the annual financial report of PBC, Unilever Ghana and
GOIL Ltd between 2012 and 2013 for the study conducted.
The methodology adopted to investigate this was basically survey approach, using
descriptive and ratio analysis with common size income statement for the year ended
2013, from questionnaires with a total sample of 100 respondents from these three firms
and their annual financial reports.
The study found that, the firms with clear-cut cash management policy who are able to
match policies with operational requirement and the automation of the cash management
processes helped to improve their performance.
The study concluded that a cash management policy that reduces operating expenses and
the general administrative expenditures helps to improve financial position of the firms.
Again, according to the study conducted centralization and streamline of company
accounts receivable, accounts payable, inventory holdings and cash payment to supplier
processes helps to reduce inconsistencies in business operations and improves
performance in the long run.|
|Description: ||A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Accounting Option)|
|Appears in Collections:||College of Arts and Social Sciences|
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.