TABLE OF CONTENTS
Table of Contents
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Problems
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Research Questions/Hypothesi
1.6 Research Methodology
1.7 Scope and Limitations of the Study
CHAPTER TWO: LITERATURE REVIEW
2.1 Conceptual Explanations
2.2 Designing Company Strategy
2.3 Establishing Policy
2.4 Defining Major Policy
2.4.1 Marketing Policy – Pricing
2.4.2 Marketing Mix Policy
2.4.3 Research and Development Policy
2.4.4 Production and Purchasing Policy
2.4.5 Personnel and Industries Relation Policy
2..4.6 Financial Policy
2.5 Allocation Capital Policy
2.6 Hurdle Rate of Return Policy
2.7 Capital Budgeting Policy
2.8 Investment Mix Policy
2.9 Leasing Versus Purchase of Fixed Assets
2.10 Financial Policy on Current Asset
CHAPTER THREEL: RESEARCH METHODOLOGY
3.1 Research Instruments
3.2 Restatement of Research Question
3.3 Research Hypothesis
3.4 Description of the Population and Sample of the Study
3.5 Sources of Data Collection
3.6 Method of Data Analysis and Description of Tools Analysis 3
CHAPTER FOUR: DATA ANALYSIS, INTERPRETATION AND DISCUSSION OF FINDINGS
4.1 Analysis of Data
4.2 Analysis of the Test Instrument
4.3 Hypothesis Testing
4.4 Preliminary Findings
4.5 Hypothesis Testing for Ingredient of Effect of
4.6 Discussion of Findings
CHPATER FIVE: SUMMARY, CONCLUSION, AND RECOMMENDATIONS
1.1 BACKGROUND OF THE STUDY
(Newman and logon (1984) defined policy as a standing plan, which is used over time to guide specific action. Effect of financial and policy which is a key policy in industries has been very controversial in profitability growth. Infant they further claim that massive features that we are witnessing in manufacturing industries today are caused by over dependency on effect of financial policy at the expense of other policies like production, personal Marketing and raw materials procurement policies.
Attempt will be made in this paper to establish whether effect a financial policy on profitability growth in manufacturing industries or not also the research will highlight how policy serves a key role in spelling out, clarifying and testing strategy (Newman and logon 1984).
1.2 STATEMENT OF THE PROBLEM
Sona breweries plc drives from the use of organization personnel to appraise the activities with the industries and the review of the financial and other operation to determine if they accurately and honestly reflect the condition of industries and evaluating the effectiveness of other types on controls.
Before, sona breweries can perform effectively, certain qualities must be possed. They must be independent and the control environment must be objective and competent.
However, it is commonly observed from previous finding, that sona breweries in the manufacturing suffered from low ingredient, not revitalize body and unhealthily influence of the company. The proper and duly expected recognition with the attendant co-operation is not usually expected to sona breweries.
1.3 OBJECTIVES OF THE STUDY
The objectives of this study are:
1. To determine how financial policy contributes to the growth of manufacturing industry.
2. To find out how financial policy guides the acquisition of company’s assets.
3. To investigate how financial policy ensure ploughing back of profit in manufacturing industries.
4. To verily financial policy affects divided payment of manufacturing concerns.
5. To determine financial policy ensure high profit ability of manufacturing industries.
6. To establish financial policy determines sources of capital of manufacturing industries.
1.4 SIGNIFICANCE OF THE STUDY
The significance of the study is to stress the importance of sona breweries plc as a control in the growth of manufacturing industries.
This study is also expected to show the degree of the manufacturing industry compliance with the laid down procedure.
It will also evaluate the quality of the accounting and internal control system in production that adequacy and competence which will show whether the sona breweries plc can rely in their work
1.5 RESEARCH QUESTIONS/HYPOTHESES
Does the financial policy contribute to the profit ability and growth of manufacturing industries?
Does financial policy guide the acquisition of company set?
Does financial policy ensure high profitability of a company?
Does financial policy and ploughing back to profit in manufacturing industries?
Does financial policy affect dividend payment of manufacturing concern?
Does financial policy determine the source of capital of manufacturing industries?
1.6 RESEARCH METHODOLOGY
In conducting a research of the nature one goes about doing it using some research instrument that will give a comprehensive knowledge and unroll some important but indden information concerning the study these help to authenticate and validate the information supplied on the study and to serve as an update to relevant contribution in the same field of study.
1.7 SCOPE AND LIMITATION OF THE STUDY
Since the concern of the study is to explore the effect of financial policy on profitability growth in sona breweries plc, the detailed discussion of a particular set up will be attempted and limited to the sona breweries plc as the case study. It is the aim of this study to examine the effect of finance profitability and growth.