Accounts Receivable Management

 Accounts Receivable Management Dissertation

AN EVALUATION OF ACCOUNTS RECEIVABLE ADMINISTRATION BY MAKING FIRMS IN NAKURU MUNICIPALITY

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STUDY SUBMITTED IN PARTIAL COMPLETION OF THE REQUIREMENT FOR THE AWARD OF THE AMOUNT IN BACHELOR OF COMMERCE (ACCOUNTING OPTION)

SCHOOL OF BUSINESS

KABARAK UNIVERSITY

APRIL 2008

STATEMENT

This study is the original operate and is not presented pertaining to the award of virtually any diploma or degree in a other university or any additional institution of higher learning.

Signature______________________________ Date________________________

Caleb Yegon

Signature______________________________ Date________________________

David Momanyi

Signature______________________________ Date________________________

Ichomi Okalio

This kind of research project has become submitted with my approval as the university supervisor

Signature………………………………. Date………………..

MR. KEFA ABOKO

LECTURER

ACKNOWLEDGEMENT

Our company is thankful to our supervisor Mister. Kefa Aboko for his support and time throughout the proposal producing. We would love to extend our gratitude for the students of Kabarak as a whole whom extended their very own courtesy and knowledge and gave all of us support when preparing this kind of proposal. We owe all of our work to prior and continuous support from all of our lecturers at Kabarak School who provided us using a solid foundation. Were thankful for all those who offered their as well as knowledge toward meeting the objectives of the proposal.

SUBJECTIVE

This analyze looked at the evaluation of accounts receivable management in manufacturing organizations. A large number of organizations today are up against the problem of getting huge built up balances because of accounts receivables which are occasionally written off and thus interfering with the companies operations. Accounts receivable management tries to reduce the amounts of money tangled up in form of accounts receivables and thus requires the organization back to its initial set goals.

This kind of study explains target population comprising of all the manufacturing organizations in Nakuru municipality which was the test and census was used as the people was below 30. You will find 25 companies within the municipality. Data was collected by using a closed-ended and Likert questionnaire and was analyzed using the mean, median, mode, and frequency desks. The findings were presented in the form of graphs, charts and tables. Conclusions were 23% of the participants use providers, 54% make use of employees to collecting bills and 38% use the accounts receivables since collateral to get fund from financial institutions. 23% experienced taken the insurance cover resistant to the uncollectible quantities. 54% with the respondents estimation bad debts simply by comparing the outstanding sums and their respective credit product sales. 77% of the manufacturing businesses determine debt by aging. 77% of respondents compose off all their debts after a period of one 12 months while 23% write from the accounts receivables as debt after half a year. 84% of respondents give bad and doubtful debts. 77% with the manufacturing organizations use a percentage of the stopping accounts receivable balance to estimate the allowance for uncollectible accounts. Limitation on this study is that it was done in Nakuru and assumed to utilize to other manufacturing companies consist of parts of the country.

DESK OF ITEMS

Page

DECLARATIONi

ACKNOWLEDGEMENTii

ABSTRACTiii

TABLE OF CONTENTSiv

LIST OF TABLESvi

SET OF FIGURESvii

SET OF ABBREVIATIONSviii

EXPLANATIONS OF FUNCTIONAL TERMSix

PART ONE: INTRODUCTION1

1 . 1 Background for the study1

1 ) 2 Assertion of the problem2

1 . a few OBJECTIVES WITH THE STUDY2

1 . 3. one particular General objective2

1 . several. 2 Particular objectives. a few

1 . 5 Research Concerns. 3

1 . 5 Relevance of the Study3

1 . 6th Scope from the Study3

PART TWO:...

Recommendations: Charles to. Horingron, Walter t. Harrison, Michael a. Robinson, (1995), Accounting, 3rd edition Prentice Hall Worldwide New York

Dyckman, Dukes, Davis, Intermediate Accounting, 4th model, Jeffrey Shelstad McGraw hillside New York

Kermit d. Larson, Barbara Chiappetta (1996), Critical Accounting Principles, 14th edition, Jeffrey Shelstad McGraw slope New York

Ruler, Lembke, Johnson (1997), Financial Accounting a choice Making Procedure, John Wiley & daughters, Inc

Larson, Wild, Chiappetta (1999), Primary Accounting Concepts, Irwin McGraw hill, Ny

Mark Saunders, Philip Lewis, Adrian Thornhill (2003), Study Methods for Organization Students, third edition, Edinburgh Gate Harlow England

Meigs, Williams, Haka, Bettner, Economical Accounting, tenth edition, Jeffrey Shelstad McGraw hill Nyc

Needles, Forces, Crosson (2002), Principles of Accounting, instructors' annotated model, Houghton Mufflin Company Boston New York

Uma Sekaran, (2003), ‘Research Methods for Business, an art building approach', New York

University or college of Tn (2003), Accounts Receivables, the machine fiscal insurance plan, revision 6

www.experian-da.com/web/solutions/cm/decnsupport.html, Experian Decision Analytics (2007), installment payments on your 45 evening, 12th Oct 2007

APPENDIX I: SET OF QUESTIONS

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