Browsing by Author "Ephrem Assefa"

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    The Effect of Working Capital Management on Profitability of Grade One Construction Companies in Addis Ababa
    (Addis Ababa University, 2018-05) Ephrem Assefa; Gebremedhin G/Hiwot
    An optimal working capital management is expected to contribute positively to the profitability of firms. The purpose of this study was to evaluate the Impact of working capital management and firm’s performance in the case of grade one construction companies in Ethiopia. The study used secondary data obtained from audited financial statements of forty five grade one construction companies registered and work in Ethiopia. The financial statements from the firms were analyzed to determine the effect of cash conversion cycle, inventory conversion period,average Collection and payables outstanding on the gross operating profit. The data was analyzed using Stata (Version 12.0) Software. Estimation equation by both correlation analysis and cross sectional data regression was used for inferential analysis. The result revealed that company size in the study have positive coefficient and statistically significant effect on profitability , cash conversion cycle, and debit ratio in the research have negative sign of coefficient and significant effect. In contrast, the number of days inventory and the cash conversion cycle-CCC), on profitability measured are statistically insignificant. According to the results of the study, it is suggested that grade one contractor’s can increase profitability by maintaining an optimal level of working capital. It is also recommended that level one construction company’s s should adopt efficient and effective working capital management policies to keeping working capital at optimal level.
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    Quality Audit Service Determinant Factors in Private Audit Firm’s in Addis Ababa
    (A.A.U, 2021-10-03) Ephrem Assefa; Takele Fufa
    The objective of this thesis is to investigate and discuss the relationships between Professional qualification, audit experience, industry expertise, and auditor size. The research viewed empirical studies to assess what researchers have done about audit quality issues and identified gaps in the literature where further research is needed, on other determinant factors affecting the audit quality service. The location of this research is one hundred thirty-one private audit firms in Addis Ababa. The primary data was collected by distributing closed-ended questionnaires to one hundred fifty audit staff across fifty-three audit firms. For each of these firms, three survey instruments have been distributed to audit staffs that are in the position of senior, manager, and principal, or partner level. Partial Least Square regression analysis method used to describe and examine the significant relationship between the determinant variables with audit quality. Through the multiple regressions analyses revealed that auditor size, qualification, and industry expertise respectively positive perception and have significant influence however audit experience insignificant contribution on audit quality. So, the researcher believe that this thesis has contributed to auditorsto always keep an alert to improve audit quality by continuous professional development as well audit firms to encourage and support staff to develop their professional development and Accounting and Audit Board of Ethiopia to reviewing and support privately owned firms