Financial Management Practices For SMEs: An In-Depth Study Among SMEs In Kedah

The important contribution of small and medium-scaled enterprises in Malaysia's GDP, employment, and industrialization has been well documented. Although their role in the economy is substantial, many SMEs are plaqued by management problems (Hashim & Wafa, 2002). These management problems i...

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Main Author:	Osman, Harizal
Format:	Thesis
Language:	eng eng
Published:	2007
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/17/1/harizal.pdf https://etd.uum.edu.my/17/2/harizal.pdf
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id	my-uum-etd.17
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
topic	HG Finance
spellingShingle	HG Finance Osman, Harizal Financial Management Practices For SMEs: An In-Depth Study Among SMEs In Kedah
description	The important contribution of small and medium-scaled enterprises in Malaysia's GDP, employment, and industrialization has been well documented. Although their role in the economy is substantial, many SMEs are plaqued by management problems (Hashim & Wafa, 2002). These management problems include human resource management, marketing management, operations management, financial management, and strategic management. Given that financial management is one of the key aspects of the well being and survival of a business, it is important that this topic is explored in depth. Thus, the main purpose of the present study was to investigate the financial management components and techniques practiced by the SMEs in Malaysia. The study comprised two analyses. In the first analysis six financial management components were identified, namely, financial planning and control, financial accounting, financial analysis, management accounting, capital budgeting, and working capital management. Subsequently, in the second analysis, various financial management techniques were identified under each component stated earlier. Data for the study were obtained via face-to-face interviews using structured questionnaires with respondents from selected SMEs. The study sample comprised 30 SMEs operating in the Kota Setar and Kubang Pasu district of Kedah Darul Aman. The findings of the study show three core components of financial management practiced by the SMEs in the survey. They are financial planning and control, financial accounting, and working capital management. Three other components, which are financial analysis, management accounting, and capital budgeting, can be regarded as supplementary components practiced by the SMEs under study, due to the small percentage of the SMEs using these components in the management of their businesses.
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Osman, Harizal
author_facet	Osman, Harizal
author_sort	Osman, Harizal
title	Financial Management Practices For SMEs: An In-Depth Study Among SMEs In Kedah
title_short	Financial Management Practices For SMEs: An In-Depth Study Among SMEs In Kedah
title_full	Financial Management Practices For SMEs: An In-Depth Study Among SMEs In Kedah
title_fullStr	Financial Management Practices For SMEs: An In-Depth Study Among SMEs In Kedah
title_full_unstemmed	Financial Management Practices For SMEs: An In-Depth Study Among SMEs In Kedah
title_sort	financial management practices for smes: an in-depth study among smes in kedah
granting_institution	Universiti Utara Malaysia
granting_department	College of Business (COB)
publishDate	2007
url	https://etd.uum.edu.my/17/1/harizal.pdf https://etd.uum.edu.my/17/2/harizal.pdf
_version_	1794023722947969024
spelling	my-uum-etd.172024-01-07T06:09:31Z Financial Management Practices For SMEs: An In-Depth Study Among SMEs In Kedah 2007-11 Osman, Harizal College of Business (COB) Faculty of Finance and Banking HG Finance The important contribution of small and medium-scaled enterprises in Malaysia's GDP, employment, and industrialization has been well documented. Although their role in the economy is substantial, many SMEs are plaqued by management problems (Hashim & Wafa, 2002). These management problems include human resource management, marketing management, operations management, financial management, and strategic management. Given that financial management is one of the key aspects of the well being and survival of a business, it is important that this topic is explored in depth. Thus, the main purpose of the present study was to investigate the financial management components and techniques practiced by the SMEs in Malaysia. The study comprised two analyses. In the first analysis six financial management components were identified, namely, financial planning and control, financial accounting, financial analysis, management accounting, capital budgeting, and working capital management. Subsequently, in the second analysis, various financial management techniques were identified under each component stated earlier. Data for the study were obtained via face-to-face interviews using structured questionnaires with respondents from selected SMEs. The study sample comprised 30 SMEs operating in the Kota Setar and Kubang Pasu district of Kedah Darul Aman. The findings of the study show three core components of financial management practiced by the SMEs in the survey. They are financial planning and control, financial accounting, and working capital management. Three other components, which are financial analysis, management accounting, and capital budgeting, can be regarded as supplementary components practiced by the SMEs under study, due to the small percentage of the SMEs using these components in the management of their businesses. 2007-11 Thesis https://etd.uum.edu.my/17/ https://etd.uum.edu.my/17/1/harizal.pdf text eng public https://etd.uum.edu.my/17/2/harizal.pdf text eng public masters masters Universiti Utara Malaysia (2000). Profile of SMEs and SME issues in APEC 1990-2000. http://www.apec.org/apec/publication/publication /small_mediun enterprise. html. (2005). Definitions for small and medium enterprises in Malaysia. http://www.smidec.my (2006, August 8). SMEs need to change mindset: Dr Ng. BERAMMA, from http://www.bernama.com. Adelman, P. J., & Marks, A. M. (2004). Finance for small business. New Jersey: Prentice Hall. Atrill, P. (2001). Working capital and financing problems of the small business. CertiJied Diploma. 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Financial Management Practices For SMEs: An In-Depth Study Among SMEs In Kedah

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