THE IMPACT OF FINANCIAL MANAGEMENT IN A CORPORATE ORGANIZATION (A CASE STUDY OF NICON INSURANCE COMPANY LIMITED ENUGU)
ABSTRACT: This project examined “the impact of financial management in a corporate organization” using NICON insurance as a case study. Financial management means to plan and control the finance of a corporate organization. It is done to achieve the objective of the organization which includes profit maximization, wealth maximization, proper estimation of total financial requirement of the organization, proper mobilization, proper utilization of finance etc. The problems of the study were identified as well as the objectives of the study which includes to examines the impact of financial management in corporate organization. Related literatures were reviews and the research methodology x-rayed, which consist of the population, source of data, sample size, method of investigation. The researcher after her analysis made some findings, among them being that financial manager is important in an organization. Conclusions and recommendations were made.
TABLE OF CONTENTS
CHAPTER ONE – INTRODUCTION 1
- Background of the Study 1
- Statement of the Problem 3
- Objective of the Study 4
- Research Questions 4
- Significance of the Study 5
- Scope and Limitation of the Study 7
- Definition of Terms 8
CHAPTER TWO – LITERATURE REVIEW 12
2.1 Meaning of financial management 12
2.2 Scope/Elements of Financial Management 12
2.3 Objectives of Financial Management 13
2.4 Functions of Financial Management 14
2.5 The Importance of Financial Management 17
2.6 The Summarize/Points on Importance of F.M. 20
2.7 Aims/Goals of Financial Management 21
2.8 Financial Ratio/Analysis 27
2.9 Sources of Data for Financial Ratios 29
2.10 Purpose and Types of Ratios 30
2.11 Problems of Financial Management 31
CHAPTER THREE – RESEARCH METHODOLOGY 35
3.1 Sources of Data 35
3.2 Population of the Study 35
3.3 Sample Size 36
3.4 Instrument Used for the Study 36
3.5 Validity of the Instrument 37
3.6 Reliability of the Instrument 37
CHAPTER FOUR – FINDINGS 38
4.1 Summary of Findings 38
4.2 Discussion of Findings 40
CHAPTER FIVE – CONCLUSION AND
RECOMMENDATIONS 42
5.1 Conclusions 42
5.2 Recommendations 43
Bibliography 45
Appendix 47
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Financial management involves all the activities of the financial managers concern with the rising of capital lining cash and credit requirement including the effective control of financial resources.
The financial management in an organization performs various activities ranging from converting forecast into planned and budget; planning the appropriate capital structure; raising cash flow outside the business; forecasting the future, investing surplus fund; controlling the cash balance and flow in accordance with plans and with changing circumstance.
Base on the activities above, the practicing managers are interested in the study of financial management because among the most crucial decision of the firms are those which relates to the financial matters an so are giving better treatment for better understanding of financial management which provide them conceptual and annalistically insight on the capital fund and using the capital fund are called financial function of any firm.
