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  3. The Problems Of Working Capital Management In The Private Sector

The Problems Of Working Capital Management In The Private Sector

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1.0 INTRODUCTION
The sole objective of any business in the private sector is to
make profit, but the uncertainly inherent in today’s economic environment threatens the survival of every business and makes sound liquidity and cash management the local point fro financial management rather than achievement of maximum profit.
The deeper study and in creased analytical approach to business finance has red to an ever growing and importance of working capital and it’s influence on the success or otherwise of business operation. It is concerned with the management of the various elements of working capital which include stock, debtor, cash and creditors.  Other components of working capital include short term securities, bills payable, prepayment and other current assets.  However, working capital management has been variously defined but in a nutshell; it refers directly to planning – organizing, financing and controlling of resources available to the business in order to achieve set of objective or a definite goal.
L.R. Howard puts it this way; working capital may be regarded as the life hood of a business. Its effective provision can do much to ensure the success of a business while it’s in efficient management can lead not only to loss of profit but also to the ultimate downfall of want.  Otherwise might be considered as a promissory concern.
It is certain that if skilled working capital management is not available in amount of finance provided will transform a financially weak company with mediocre performance into a strong and dynamic organization enjoying a scintillating regulation.
This research work is a crucial one in the sense that current asses by their very nature are changing daily, if not hourly and management decision must be made.
As B. Chizen puts it this way, that is the imperative of sound management of working capital has assured critical significance in the face of the deteriorating market situation consequently on the unavailability of foreign 

TABLE OF CONTENTS

TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENT

CHAPTER ONE
INTRODUCTION
1.1 BUSINESS GUIDING OBJECTIVES

CHAPTER TWO
2.1 MEANING OF WORKING CAPITAL
2.2 MANAGEMETN

CHAPTER THREE
3.1 SUMMARY 
3.2 RECOMMENDATION
3.3 CONCLUSION
REFERENCE

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