ABSTRACT

The focus of this research is on the impact of financial literacy on the profitability of some small-scale enterprises in Calabar Municipality, Cross River State. An inquiry into their level of adoption of financial literacy was also studied. A review of related literature was carried out to examine the extent of work done in the field. A carefully structured questionnaire was used to collected data on the level of adoption of financial literacy and also a financial literacy test. Stratified random sampling was adopted to divide the small-scale enterprises into ten (10) strata, thereafter random sampling technique was employed. A sample of one hundred and fifty (150) respondents was used to carry out the study, which encompasses the different strata. One-way analysis of variance (ANOVA) and Dependent T-test at 5% level of significance was used in the analysis of the research data. The result shows that the level of adoption of financial literacy by small scale enterprises in Calabar Municipality is low and that utilization of accounting records significantly influences their profitability. Thus, conclusion, recommendations and suggestions for further studies were proffered.   

TABLE OF CONTENTS

TITLE PAGE                                   

CERTIFICATION                                                                            

DEDICATION                                                     

ACKNOWLEDGEMENTS                                                              

ABSTRACT

TABLE OF CONTENTS                                                                  

LIST OF TABLES                                                                            

LIST OF FIGURES                                                                          

CHAPTER ONE

INTRODUCTION

1.1             Background of the study                                                

1.2             Statement of the problem                                               

1.3             Objectives of the study                                                  

1.4             Research questions                                                        

1.5             Research hypothesis                                                       

1.6             Scope and limitation of the study                                    

1.7             Significance of the study                                                

1.8             Organization of the study                                               

1.9             Operational definition of terms                                       

1.10        Historical background of small scale enterprises             

CHAPTER TWO

LITERATURE REVIEW AND THEORETICAL FRAMEWORK

2.1             Theoretical framework                                                   

2.2             Theories about variables (dependent and independent)    

2.3             Concept and definition of financial literacy                     

2.4             Determinants of financial literacy                                   

2.5             Importance of financial literacy                                      

2.6             Financial literacy basics for prospective

Small-business owners                                                   

2.7             Nature of small scale enterprises                                     

2.8             Roles of small scale enterprises in the development of 

Nigeria                                                                          

2.9             Problems and challenges facing small scale enterprises   

CHAPTER THREE

RESEARCH METHODOLOGY

3.1             Research design                                                             

3.2             Population of the study and method of

Population determination                                               

3.3             Sample and sample size determination                            

3.4             Sampling procedure and sampling technique                  

3.5             Method of data collection and data sources                     

3.6             Instrument development                                                 

3.7             Instrument validation                                                     

3.8             Instrument reliability test                                               

3.9             Model specification                                                       

CHAPTER FOUR

DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS

4.1          Data presentation                                                           

4.2          Data analysis                                                                 

4.3          Test of hypothesis                                                          

4.4          Discussion of findings                                                    

CHAPTER FIVE

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS

5.1          Summary of findings                                                      

5.2          Conclusion                                                                    

5.3          Recommendations                                                         

5.4          Suggestion for further studies                                        

References

Appendix