Get the complete project »
- The Complete Research Material is averagely 52 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
The aim of this research work is to appraise “The impact of credit management
on the profitability of a manufacturing firm focused on Unilever Nigeria Plc Aba”.
This is because; trade credit is a short term source of finance and sometimes
take the form of bills payable. The statement problem of this research banks
about the poor level of credit management and also the problems which the
firms encounter as a result of high-rate of bad debts. The objective of this
research study is to highlight the effects of the credit management on the
profitability of the company as well as to highlight the advantages of effective
and efficient management of trade credit amongst others. Furthermore, this
research work will be of immense significance to the staff of Unilever Nig. Plc
Aba as well as the students and the researcher since it aims at providing effective
means of reducing default in collection of accounts. Also, research questions like;
could a company’s liquidity problem be attributed to bad debt? On the average,
how long do you allow credit to customers? Etc. research instrument used were
questionnaires for the purpose of obtaining the desired result. In treating and
analyzing the data collected, an extensive use of tabular information and
percentages were of great importance. In the light of the findings and
conclusions of this work, the following recommendations are put up: that then
should be a regular review of credit policies to suit the changes in the business
environment and that an enquiry unit should be established to take
responsibility for prospective credit’s assessments amongst others.
1.1 BACKGROUND OF THE STUDY
Credit management is a term used to identify accounting functions
usually conducted under the umbrella of accounts receivables. Essentially, this
collection of processes involves qualifying the extension of credit to a
customer, monitors the reception and logging of payments on outstanding
invoices, the initiation of collection procedures, and the resolution of disputes
or queries regarding charges on a customer invoice. When functioning
efficiently, credit management serves as an excellent way for business to
remain financially stable.
Competent credit management seeks to not only protect the vendor
from possible losses, but also protect the customer from creating more debt
obligations that cannot be settled in a timely manner.
Several factors are used as part of the credit management process to
evaluate and qualify a customer for the receipt of some form of commercial
credit. This may include; gathering data on the potential customer’s, current
financial condition including the current credit score.
BRIEF HISTORY OF UNILEVER NIGERIA PLC ABA
Unilever Nigeria Plc is a public liability company quoted on the Nigerian
stock exchange since 1973 with Nigerian’s currently having 49 percent of
equity holidays established in Nigeria. Unilever Nigeria Plc started as a soap
manufacturing company and is today’s one of the eldest surviving
manufacturing organization in Nigeria. The company changed its name to
“Unilever Nigeria Plc” in 2001.
The company is into the manufacture and marketing of household
toiletries and favorites which are manufactured in their various factory
locations in Nigeria. This is because they are so deeply committed to meet the
everyday needs of people everywhere in Nigeria. Such factors are located at
Lagos, Agbara, Oregun and Aba. Its staff strength is about one thousand eight
hundred (1,800) employers. They also have indirect employees like contract
staff and others who range from our forty thousand employees throughout the
The company has also made provision for assistance in fields of health,
education, children welfare and potable water hygiene as part of its social
responsibility programme in the Nigerian communities.
Conclusively, Unilever Nigeria Plc from research has been found to be
involved in both credit and cash transactions with its customers.
1.2 STATEMENT OF THE PROBLEM
There are many problems companies encounter as a result of poor
credit management. Thus, the problems inherent in this research study as
investigated are as follows:
(1) There is a high rate of bad debts because some corporations take
advantage of the credit that is extended to them and find themselves
not able to pay debt later.
(2) The poor
You either get what you want or your money back. T&C Apply
Share a Comment
You can find more project topics easily, just search
SIMILAR ACCOUNTING FINAL YEAR PROJECT RESEARCH TOPICS
1. INTERNAL CONTROL AS AN AID TO ACCOUNTABILITY IN THE PUBLIC SECTOR. (A STUDY OF BIASE LOCAL GOVERNMENT AREA, CROSS RIVER STATE)» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Internal control according to Okezie (1999:43) could be likened to the heart”, which regula...Continue Reading »
88 pages | 329 hits | Source: ACCOUNTING
» ABSTRACT The purpose of this study is to empirically assess how institutional field and internal organizational process factors determine sustainabili...Continue Reading »
52 pages | 111 hits | Source: ACCOUNTING
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Macroeconomic policy consists of the actions aimed at inducing appropriate changes in macroeconom...Continue Reading »
58 pages | 209 hits | Source: ACCOUNTING
4. THE ROLE OF ACCOUNTANT IN A CORPORATE FINANCIAL ORGANISATION CASE STUDY OF FIRST BANK OF NIGERIA (ADO BRANCH) ACCOUNTING DEPARTMENT» CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY Corporate Financial organizations are setup with the principal objective of creating wealth for ...Continue Reading »
54 pages | 390 hits | Source: ACCOUNTING
» AbstractThere exists divergence of opinion in literature on the relationship between capital structure and firms financial performance. This mix of op...Continue Reading »
55 pages | 218 hits | Source: ACCOUNTING
» CHAPTER ONE INTRODUCTION 1.1 Background of the study Exchange rate tends to be paramount to every country because it contributes to the economic devel...Continue Reading »
61 pages | 396 hits | Source: ACCOUNTING
» CHAPTER ONE INTRODUCTION 1.1 Background to the Study Over the years, Nigeria has experienced series of attacks and blast in most region of the country...Continue Reading »
52 pages | 181 hits | Source: ACCOUNTING
8. BUDGET AND BUDGETARY CONTROL AS A TOOL FOR EFFECTIVE DECISION AND PLANNING IN PRIVATE SECTORS IN AKWA IBOM STATE.» ABSTRACT The aim of this study is to access the distribution pattern of healthcare facilities in Abak Local Government Area of Akwa Ibom State at pres...Continue Reading »
52 pages | 396 hits | Source: ACCOUNTING
» ABSTRACT Agriculture is known as the engine and panacea for economic growth in most developing nations of the world. As once asserted by Nobel laureat...Continue Reading »
52 pages | 494 hits | Source: ACCOUNTING
» CHAPTER ONE OVERVIEW Corporate performance management is the area of business intelligence involved with monitoring and managing an organizations perf...Continue Reading »
92 pages | 326 hits | Source: ACCOUNTING