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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8641

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)
URI: http://hdl.handle.net/123456789/8641
Appears in Collections:College of Arts and Social Sciences

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