available at www.emeraldinsight.com/1743-9132.htm IJMF 3‚2 Effects of working capital management on SME profitability ´ ´ Pedro Juan Garcıa-Teruel and Pedro Martınez-Solano Deptartment of Management and Finance‚ Faculty of Economy and Business‚ University of Murcia‚ Murcia‚ Spain Abstract Purpose – The object of the research presented in this paper is to provide empirical evidence on the effects of working capital management on the profitability of a sample of small and medium-sized Spanish firms. Design/methodology/approach
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EFFECTIVE CREDIT MANAGEMENT TO SMALL SCALE BUSINESS IN NIGERIA INTRODUCTION Management of small business is as complex as the big one. Account receivables are important assets and valuable part of the working capital. Effective management of this component is very crucial to any type of business for its survival and for ensuring its growth. Effective credit administration will not only ensure continuity but can make small business to become big. Problems in credit management has been a cause
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Hotel Management System Defined With Inntegrity |Escape the limitations of a restrictive system | | | |Enter the realm of a truly flexible Hotel Property Management System! | |CSS has been developing Hospitality Management Systems
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CHAPTER 6 Objectives Identify different types of long-term operational assets. Determine the cost of long-term operational assets. Explain how different depreciation methods affect financial statements. Determine how gains and losses on disposals of long-term operational assets affect financial statements. Explain how expense recognition for natural resources (depletion) affects financial statements. Explain how expense recognition for intangible assets (amortization) affects
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influence on job satisfaction is the application of design‚ which aims to enhance job satisfaction and performance using methods such as job rotation‚ job enlargement‚ job enrichment and job re-engineering. Other influences on satisfaction include management styles and culture‚ employee involvement‚ empowerment‚ and autonomous work position. Job satisfaction is a very important attribute and is frequently measured by organizations. The most common technique for measurement is the use of rating scales
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Advanced Auditing Case Assignment 2.3 1. (a) When confirming year-end accounts receivable‚ auditors hope to accomplish the objective of obtaining evidence from third parties to evaluate the client’s assertions of year-end accounts receivable amounts. The client’s assertions that accounts receivable confirmation can effectively address are existence‚ rights‚ and valuation. (b) When performing year-end sales cutoff tests‚ auditors hope to accomplish the objective of obtaining evidence from third
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experienced a tremendous increase in its business. However‚ its financial performance has not kept pace with its growth. The current system‚ which is partly manual and partly automated‚ doesn’t track accounts receivables sufficiently‚ and the company is finding it difficult to determine the reasons why the receivables are so high. The company runs frequent specials to attract customers but has no idea whether these efforts are profitable or if the benefit—if there is one—comes from associated sales. Especially
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since there are other expenses that need to be changed. For example in the income statement‚ the operating expenses will not have an adjustment‚ and that includes; research and development‚ sales and marketing‚ and general and administrative these accounts will stay constant because only the revenues increase by 20 percent. However‚ if revenue increases 20 percent‚ the cost of revenues also increases by 20 percent due to the fact that cost of revenue is the cost to make the revenue. The cost of revenue
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literature 1.1 – Account Receivable(AR) (AR and Management Policy: Theory and Evidence – Shehzad L. Mian & Clifford W. Smith‚ Jr) The basis of my subject “Bad debt expense estimation model” stems from account receivable. Account receivable is the term used by companies to describe money owed to them by clients or customers for goods and services provided. Bad debt expense is that portion of account receivables that will not be collected. Therefore‚ without any receivables a company will not
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1.1 INTRODUCTION Management over the accounts receivables plays a big role in organizational performance. Lack of accounting information over debtors in the organizations may directly or indirectly affect the organization’s performance. Directly is when the organization is unable to know where to go due to lack of effective management over the accounts receivables. Indirectly is where people start to question about the accountability in the organization. Accounts receivable often constitutes a
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