Accounts Receivable Management

11531 Words Feb 6th, 2011 47 Pages
AN EVALUATION OF ACCOUNTS RECEIVABLE MANAGEMENT BY MANUFACTURING FIRMS IN NAKURU MUNICIPALITY

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RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE IN BACHELOR OF COMMERCE (ACCOUNTING OPTION)

SCHOOL OF BUSINESS

KABARAK UNIVERSITY

APRIL 2008

DECLARATION

This research project is our original work and has not been presented for the award of any diploma or degree in any other university or college or any other institution of higher learning.

Signature______________________________ Date________________________

Caleb Yegon

Signature______________________________ Date________________________

David Momanyi

Signature______________________________ Date________________________

Ichomi
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20 4.1 Data Analysis and Presentation 20 4.2 Results and Findings 21

CHAPTER FIVE: DISCUSSION, CONCLUSIONS AND RECOMMENDATIONS 39

5.0 Introduction 39 5.1 Estimating bad debts expense 39 5.2 Provision for bad and doubtful debts 40 5.3 Debt collection procedures 40 5.4 Limitations 41 5.5 Suggestions for Further Research 41 5.6 Conclusion 42

REFERENCES 43

APPENDIX I: QUESTIONNAIRE 44

APPENDIX II: LIST OF MANUFACTURING FIRMS 47

APPENDIX III: BUDGET 48

APPENDIX IV: WORK PLAN 2007-2008 49

LIST OF TABLES

Table 2.1 Aging schedule..............................................................................................................9
Table 1 Current designation.........................................................................................................21

Table 2: What experience on accounts receivable........................................................................21

Table 3 Managing accounts receivables.......................................................................................22

Table 4 Provision for bad debts....................................................................................................23

Table 5 Provision for doubtful…