PROBLEMS OF FINANCIAL MANAGEMENT IN COOPERATIVE

PROBLEMS OF FINANCIAL MANAGEMENT IN COOPERATIVE SOCIETY AND REMEDIAL MEASURES (A CASE STUDY OF NJABA L.G.A IMO STATE)

ABSTRACT

This project work is based on the “problems of financial management in cooperative society” in Njaba L.G.A the main aims of this study are to find out some basic problems facing the financial management of co-operative society in Njaba L.G.A. Imo state which brings about low and frustrated growth and also to bring out suggestion that will help to provide a congenial atmosphere for the operation of management aspect of cooperative. To know the functions undertaken by the financial management towards cooperative establishment, objectives of cooperative societies. Relevant literature will be reviewed under specific themes to enable the researcher know the depth of work done by the previous writers in the field of study. This enable the researcher to establish some missing links which become pant of these motivating factors for my understanding other findings and formulating on essential aspect of our quest to make fruitful in Njaba. The findings show that the cooperatives in Njaba L.GA. are experiencing many problems in their financial management. Based on this , the society is poorly managed.

TABLE OF CONTENTS

Title page

Dedication

Certification

Acknowledgement

Abstract

Table of contents

CHAPTER ONE

1.0 Introduction

1.1 Background of the study

1.2 Objectives of the problem

1.3 significance of the study

1.4 research questions

1.5 Significance of the study

1.6 Limitations of the study

1.7 Definition of terms

CHAPTER ONE

1.0 INTRODUCTION

1.1 BACKGROUND OF THE STUDY

So far we have learnt about sole proprietor shop, partnership and joint stock company and different forms of business organization. It has been noticed that besides many differences among them in respect of their formation, operation, capital contribution as well as habilitation, one common similarity is that all endanger in business acridities to earn profit. Without profit it is impossible for them to survive and grow. But there are certain organizations which undertake business activities with the prime objectives of providing service to the members. Although some amount of profit is essential to survive in the market, their main intention is not to generate profit and grow. They pool available resources from their members, utilize the same in the best possible manner, and also the benefits are shared by the members, IKabua (1984: 271). It is an autonomous association of persons united vohuntanty to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically controlled enterprise and are based on the values of self-help, self responsibility, democracy, equality, equity and solidarity, ICA (1995).

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