Effects Of Financial Literacy On The Profitability Of Small Scale Enterprises In Abia State.

NZEKWE EMMANUELLA CHINENYE | 56 pages (12930 words) | Projects

ABSTRACT

This study examines the effect offinancial literacy on the profitability ofSMEs. To this end, data -was obtainedfrom the questioners given to 132 respondents -within Abia state ofNigerian. In relation to the study’s objectives which were set to determine the effect ofBudgetary skill on the profitability ofSMEs, to ascertain the effect ofBook keeping skill on the profitability of SMEs and to ascertain the effect ofdebt management skill on the profitability ofSMEs It is concluded that the budgetary skill and debt management skill has a significant effect on the profitability of SMEs while, the book keeping skill has a strong positive correlation with profitability ofSMEs but has no significant effect on the profitability ofSMEs. In line with the findings ofthe study, it is recommended that government and other corporate bodies should engage in more massfinancial literacy program to further educate SMEs so as to gain more financial knowledge on business operations to enhance their profitability which will in turn give rise to the nation’s economic growth. Also, SMEs should keep proper records oftheir financial transaction so as to enable them know their exactfinancialposition.

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APA

NZEKWE, C (2023). Effects Of Financial Literacy On The Profitability Of Small Scale Enterprises In Abia State.. Repository.mouau.edu.ng: Retrieved Feb 28, 2024, from https://repository.mouau.edu.ng/work/view/effects-of-financial-literacy-on-the-profitability-of-small-scale-enterprises-in-abia-state-7-2

MLA 8th

CHINENYE, NZEKWE. "Effects Of Financial Literacy On The Profitability Of Small Scale Enterprises In Abia State." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 09 Oct. 2023, https://repository.mouau.edu.ng/work/view/effects-of-financial-literacy-on-the-profitability-of-small-scale-enterprises-in-abia-state-7-2. Accessed 28 Feb. 2024.

MLA7

CHINENYE, NZEKWE. "Effects Of Financial Literacy On The Profitability Of Small Scale Enterprises In Abia State.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 09 Oct. 2023. Web. 28 Feb. 2024. < https://repository.mouau.edu.ng/work/view/effects-of-financial-literacy-on-the-profitability-of-small-scale-enterprises-in-abia-state-7-2 >.

Chicago

CHINENYE, NZEKWE. "Effects Of Financial Literacy On The Profitability Of Small Scale Enterprises In Abia State." Repository.mouau.edu.ng (2023). Accessed 28 Feb. 2024. https://repository.mouau.edu.ng/work/view/effects-of-financial-literacy-on-the-profitability-of-small-scale-enterprises-in-abia-state-7-2

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