IGWE, KINGSLEY OGAZI (MABEN)*, UTEBOR, JOY NWANNEAMAKA
This study examined the influence of financial records management practices on financial
performance of food and beverage business organizations in Abakaliki metropolis
in Ebonyi state Nigeria. It is a descriptive survey research design. The population of
the study was 100 operators of such business which were all used for the study as a
sample respondent. Three research questions were formulated and answered through
a modified four (4) point likert structured questionnaire by the respondents. The data
gathered were analyzed using statistics mean. The findings were that poor financial
recording management which includes poor record of business transaction, analyzing
business transactions, financial statement has negatively influence the return on equity
of food and beverage business organization in Abakaliki, Ebonyi State, Nigeria.
Based on the findings, the study recommended that business organizations should
observe correct and accurate recording of business transactions, sort them appropriately
for preparing financial statements. This will make the statements to be reliable,
comparable and uniform.
Key words: Financial Records Management practices–financial performance–Food
and Beverage–Business organizations
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