INTRODUCTION
It has become a well known fact that without money a business cannot function consequently an understanding of finance, which is the appreciation of the role of money and its ability to measure. The measure of a business is essential for good management. However, money can be likened to a lubricant, too little and the business is a wash with all types of project for using the surplus cash some of which may be good risks while others may penalized the business. Again money presents its own problems particularly when inflation sets in and as a result the purchasing power will change from time to time.
Now, the role of financial managers becomes imperative consequently, the professions is one of the professions which is still struggle to assume its place in an organizational structure with the increasing complexity in human organization of there has arises more and more.
Specialization of people in various disciplines and therefore finance must take its on position. Financial manager is an expert trained in the field of finance, and the functions include planning for acquisition of funds and utilization of such funds in ways that will maximize the efficiency of an organization. The project researcher intended to project the role of financial manager as regards manufacturing firms and as J balty puts it “an adequate funds and cash flow is essential more than this, a business cannot afford to stand still.
In any competitive field it will be essential for improvement to introduce new products and to expand”. However, despite much publications and emphasis placed on the role of financial manager in any business organizations, most of our policy makers whether in private, public and governmental establishments have not realized these vital roles and the resultant effects are stagnation and collapse of many of our business activities with the claims and counter claims by various professionals and near professional. There is establishment among many business organizations which are confronted with certain problems and which need expert advice. In this case management’s must try to recognize and consult the service of financial manager this alternative in business is to be very carefully considered before a judicious choice can be made.
TABLE CONTENT
Title page ii
Approval page iii
Dedicationiv
Acknowledgement v
Proposal statement vi
Table of Contentviii
CHAPTER ONE
1.1Introduction 1
1.2Theoretical frame work 3
1.3Statement of problems 6
1.4Purpose of the study 7
1.5Significant of the study 8
1.6Scope and limitation ]9
1.7Definition of terms 10
CHAPTER TWO
2.1Review related literature and studies 13
2.2Local related literature and studies 13
2.3Foreign related literature and studies 23
CHAPTER THREE
Methodology 36
3.1survey instrument 36
3.2sources of data 36
3.3analysis of data 37
3.4instruments for data analysis 38
CHAPTER FOUR
4.1Data presentation and analysis 39
4.2Analysis of questionnaire 43
4.3Testing of hypothesis 48
CHAPTER FIVE
Summary Recommendation and Conclusion 60
5.1Recommendation 60
5.2Conclusion 64
Bibliography 66
Reference68
Appendix69