Presented To

Department of Accountancy


Title page




Table of contents



1.1 Background

1.2 Statement of problems

1.3 Purpose of the study

1.4 Scope of the study

1.5 Research questions

1.6 Significant of the study


2.0 Related literature at the end of literature review

2.1 Strategies for cash management

2.2 Objective of cash management

2.3 Importance of cash management

2.4 Motive for holding cash

2.5 Specific advantages of adequate cash

2.6 Cash planning, forecasting and budgeting

2.7 Management techniques and cash flow

2.8 Cash balance and determinant

2.9 Summary of the related reviewed literature


3.0 Methodology

3.1 Research design

3.2 Area of study

3.3 Population of the study

3.4 Sample and sampling procedure

3.5 Instrument for data collection

3.6 Validation of the research instrument

3.7 Reliability of the research instrument

3.8 Method of administration of the research instrument

3.9 Method of data analysis


4.0 Data presentation and result

4.1 Summary of findings


5.0 Discussion, implication, recommendation

5.1 Discussion of result

5.2 Conclusion

5.3 Implication of result

5.4 Recommendation

5.5 Suggestion for further study

5.6 Limitation of the study




Table 3.1 Actual sample allocated to junior and senior staff of NBL

Table 4.1 Budget preparation control and implementation

Table 4.2 Factors responsible Non-realization of objective by BNL

Table 4.3 Comparison of cash with target.




Cash management is a means of protecting cash in organization cash is the most important current asset for operation of business. It is the basic input needed to keep the business running on a continuous deals. It is also the altimeter output expected to be realized by selling the service or product manufactured by the firm. The firm should keep sufficient cash neither more nor less shortage will disrupt the firms manufacturing operation. While excessive idle without contributing anything towards the firms profitability (Pandey I.M).

Cash management involves initially the provision of sufficient cash to meet the organizations obligations. When they full down and secondly the maintenance of a sufficient cash flow to enable the organization to take the advantage of the growth and investment opportunities by committee T. C. The aim of this project is to explain in simple and clear language what management must do to have effective control over its most liquidly and important asset cash.

Thus a major assignment of the financial manager is to maintain a sound cash position. Effective management and control of cash is very important to the firm because cash represent instantly available purchasing power and nearly every transaction ultimately involved the exchange of cash.

An integral part of cash administration is concerned with the effective utilization of corporate fund. The planning and control of this activities is made necessary by the fact that business is cyclical in nature and a considerable amount of time, during which raw material must be purchased and wages and over head paid claps between the receipt of an order its shipment and banking of cash. An investment in cash assets is required in order to meet the company’s operational need, the uneven flow in the receipt and disbursement of funds, seasonal fluctuations and so on. Moreover, the receipt and disbursement of fund is varies on a daily bases and within the month, with a heavy cash receipt accruing at a particular time. Sophisticated cash management models recognize the uncertainty inherent in forecasting both cash inflows and outflows.


Cash constitution a substantial part of current assets of many companies particularly in Nigeria. An effective cash management is necessary for the overall performance of organization, one is surprised at the complete lack of formalized cash management system in many organization in Nigeria. While some companies prepare cash budget at the beginning of the financial year. Without any follow up control process, others just have cash. Management to the monthly bank reconciliation statements, which are often prepared in arrears, unfortunately, it is only when cash problem arises that the management starts to look for solution.


In every business organization effective cash management plays a vital role in assisting the business attain certain goals. Among this basic purpose of the study are;

a) To find out whether formalized cash management system exist in manufacturing industries particularly in Nigerian Breweries Limited 9 th Mile Corner.

b) To determine the part which effective cash management plays in organizations in attaining its objectives.

c) To verify from practicing accountants and financial executives the consequences of not having effective cash management in manufacturing organization.

d) To relate how effective cash management can assist business to attain their predetermine profitability by increasing net returns on asset investment.

e) To determine whether inefficient cash management has any impact in manufacturing investment.

f) To ascertain how a company can optimize liquidity position by adequate cash management.

g) To determine the level of efficiency in cash management of Nigeria Breweries Limited 9th Mile Corner Ngwo.


It is on established fact that in any research project like this type, it is not always easy to cover all possible grounds one would like to cover due to time constrains. This research work through based on manufacturing industries were limited to Nigerian Breweries Limited 9th Mile Corner Ngwo and its environs due to time since the time required for the completion is very short, the researcher finds it difficult to cover all the manufacturing organization in Enugu State.


a) How has cash management assisted Breweries Industries in attaining predetermined profitability

b) Is effective cash management necessary in optimizing liquidity position?

c) What are the roles of cash management in working capital evaluation?

d) Is effective management present in manufacturing organization such as Nigerian Breweries Plc.


In recent time due to changes in business generally, greater emphasis have been placed on cash management. The important of this study is that it will highlight the consequences of not having and operating an efficient cash management system in business organizations. The research work will also expose the management of manufacturing organization to effective way to manage cash towards the achievement of organizational goals.

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