ORGANIZATIONAL PERFORMANCE AND FINANCIAL MANAGEMENT PRACTICES OF SMALL AND MEDIUM ENTERPRISES IN HO CHI MINH CITY

Abstract

Financial management is an important element in any business. This research was designed to establish the relationship of financial management and performance of small and medium enterprises in Ho Chi Minh City. Variables are the accounting information system, cash management, receivable management, inventory management, fixed asset management, financial planning, financial reporting and analysis. Independent variables are used to measure financial performance (dependent variable). The research uses descriptive research using qualitative data obtained using a self-administered questionnaire. The study found that personal considerations, have a positive relationship between financial planning, receivable management, cash management of the performance of SMEs in HCMC. Research shows that the combined effect of financial management (financial planning, cash management and receivable management) has a positive relationship between financial management practices and organizational performance.