IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v6y2022i4p100-107.html
   My bibliography  Save this article

Management of Account Receivable and Payable for Improved Financial Performance of Small Scale Industries in Imo State, Nigeria

Author

Listed:
  • Honesta C. Anorue

    (Department of Business Education, University of Nigeria, Nsukka)

  • Ernest.O. Ugwoke

    (Department of Business Education, University of Nigeria, Nsukka)

Abstract

The study was conducted to determine management of account receivable and payable for improved financial performance of small enterprises in Imo state. The study used a survey research design, with 1390 participants, including 70 Accounting lecturers, 1,300 small scale enterprises operators and 20 professional accountants. The study used a multistage sampling procedure to draw a sample size of 396 participants. To answer the research questions, the collected data were analyzed using mean and standard deviation while the ANOVA statistic was used to test the two null hypotheses at the 0.05 level of significance. In particular, the research identified effective ways for managing account payable and receivable of small scale enterprises for financial performance in Imo state. Based on the research findings, it was proposed, among other things, that a retraining initiative for the owners or potential owners of small scale enterprises in the state be established to educate them on the effective ways to manage accounts payable and receivable for efficient financial performance and business success.

Suggested Citation

  • Honesta C. Anorue & Ernest.O. Ugwoke, 2022. "Management of Account Receivable and Payable for Improved Financial Performance of Small Scale Industries in Imo State, Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(4), pages 100-107, April.
    • Handle: RePEc:bcp:journl:v:6:y:2022:i:4:p:100-107
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-6-issue-4/100-107.pdf
    Download Restriction: no
    File URL: https://www.rsisinternational.org/virtual-library/papers/management-of-account-receivable-and-payable-for-improved-financial-performance-of-small-scale-industries-in-imo-state-nigeria/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Justin Iorakpen Iorun, 2014. "Evaluation of Survival Strategies of Small and Medium Enterprises in Benue State, Nigeria," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(2), pages 255-263, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Solomon Akpoviroro Kowo & Olusegun Adeleke Oba Adenuga & Olalekan Owotutu Sabitu, 2019. "The role of SMEs development on poverty alleviation in Nigeria," Post-Print hal-02188849, HAL.
    2. RPIR Prasanna & JMHM Upulwehera & BDTN Senarath & GAKNJ Abeyrathne & PSK Rajapakshe & JMSB Jayasundara & EMS Ekanayake & Sisira Kumara Naradda Gamage, 2021. "Factors Determining the Competitive Strategic Positions of the SMEs in Asian Developing Nations: Case Study of SMEs in the Agricultural Sector in Sri Lanka," Economies, MDPI, vol. 9(4), pages 1-24, December.
    3. Maxwell Olokundun & Mercy Ejovwokeoghene Ogbari & Hezekiah Falola & Ayodotun Stephen Ibidunni, 2022. "Leveraging 5G network for digital innovation in small and medium enterprises: a conceptual review," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-10, December.
    4. Solomon Akpoviroro Kowo & Olusegun Adeleke Oba Adenuga & Olalekan Owotutu Sabitu, 2019. "The role of SMEs development on poverty alleviation in Nigeria," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(3), pages 214-226, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:6:y:2022:i:4:p:100-107. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.