The impact of credit management on the profitability of a manufacturing firm Department: Accountancy By: ultimeight Project ID: 2895 Rating: (3.3) votes: 6Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis study examined the impact of credit management on the profitability of a manufacturing firm using Unilever Nigeria Plc as a study. The 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. The specific objective is to appraise the impact of credit management on effective means of reducing default in collection of account. The sample comprises of hundred (100) employees who were randomly selected from different departments in Unilever Plc Aba Nigeria. Data collected were analyzed using Chi-square techniques with the aid of statistical tools. The finding showed that, there is a relationship between manufacturing firm profitability and explanatory variables in this study which is credit management policy and it is significantly positive. The study recommends that a credit department should be established in the firm. It also recommends that a credit department should be established in the firm. It also recommends that a regular review if credit policies suit the changes in the business environment in order for the smooth functioning of the firm. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )