Effect of Internal Control System on Financial Performance of Savings and Credit Co-Operatives in Kabale Municipality A Case Study of Lyamujungu SACCO Kabale Branch.

The study investigated the impact of internal control systems on the financial performance of Savings and Credit Cooperatives, focusing on Lyamujungu SACCO in Kabale Municipality. The objectives were to identify the internal control systems employed at Lyamujungu SACCO, to determine the key factors...

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Main Author: Aheisibwe, Joanita
Format: Thesis
Language:English
Published: Kabale University 2024
Subjects:
Online Access:http://hdl.handle.net/20.500.12493/2380
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author Aheisibwe, Joanita
author_facet Aheisibwe, Joanita
author_sort Aheisibwe, Joanita
collection KAB-DR
description The study investigated the impact of internal control systems on the financial performance of Savings and Credit Cooperatives, focusing on Lyamujungu SACCO in Kabale Municipality. The objectives were to identify the internal control systems employed at Lyamujungu SACCO, to determine the key factors influencing its financial performance, and to examine the relationship between internal controls and financial performance. A descriptive research design was used, with data collected through interviews and questionnaires. The findings on internal control systems in Lyamujungu SACCO highlighted the following components: control environment, risk assessment, information and communication systems, control activities, and monitoring. Key determinants of financial performance identified included loan portfolio quality, capital adequacy, operational efficiency, leadership quality, member satisfaction, and staff productivity. Results showed a strong positive relationship between internal control systems and financial performance at Lyamujungu SACCO. The study recommended that Lyamujungu SACCO’s management establish robust internal control systems, including comprehensive asset listings, approval processes for capital asset purchases, and asset numbering to facilitate location and security. Management should also enforce adequate organizational controls, clarify staff responsibilities, and maintain effective segregation of duties. Additionally, internal controls should be periodically reviewed and enhanced to address any weaknesses, ensuring efficient and effective staff performance.
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spelling oai:idr.kab.ac.ug:20.500.12493-23802024-11-08T00:00:25Z Effect of Internal Control System on Financial Performance of Savings and Credit Co-Operatives in Kabale Municipality A Case Study of Lyamujungu SACCO Kabale Branch. Aheisibwe, Joanita Effect Internal Control System Financial Performance Savings Credit Co-Operatives Kabale Municipality Lyamujungu SACCO Kabale Branch The study investigated the impact of internal control systems on the financial performance of Savings and Credit Cooperatives, focusing on Lyamujungu SACCO in Kabale Municipality. The objectives were to identify the internal control systems employed at Lyamujungu SACCO, to determine the key factors influencing its financial performance, and to examine the relationship between internal controls and financial performance. A descriptive research design was used, with data collected through interviews and questionnaires. The findings on internal control systems in Lyamujungu SACCO highlighted the following components: control environment, risk assessment, information and communication systems, control activities, and monitoring. Key determinants of financial performance identified included loan portfolio quality, capital adequacy, operational efficiency, leadership quality, member satisfaction, and staff productivity. Results showed a strong positive relationship between internal control systems and financial performance at Lyamujungu SACCO. The study recommended that Lyamujungu SACCO’s management establish robust internal control systems, including comprehensive asset listings, approval processes for capital asset purchases, and asset numbering to facilitate location and security. Management should also enforce adequate organizational controls, clarify staff responsibilities, and maintain effective segregation of duties. Additionally, internal controls should be periodically reviewed and enhanced to address any weaknesses, ensuring efficient and effective staff performance. 2024-11-07T07:38:12Z 2024-11-07T07:38:12Z 2024 Thesis Aheisibwe, Joanita (2024). Effect of Internal Control System on Financial Performance of Savings and Credit Co-Operatives in Kabale Municipality: A Case Study of Lyamujungu SACCO Kabale Branch. Kabale: Kabale University. http://hdl.handle.net/20.500.12493/2380 en Attribution-NonCommercial-NoDerivs 3.0 United States http://creativecommons.org/licenses/by-nc-nd/3.0/us/ application/pdf Kabale University
spellingShingle Effect
Internal Control System
Financial Performance
Savings
Credit Co-Operatives
Kabale Municipality
Lyamujungu SACCO
Kabale Branch
Aheisibwe, Joanita
Effect of Internal Control System on Financial Performance of Savings and Credit Co-Operatives in Kabale Municipality A Case Study of Lyamujungu SACCO Kabale Branch.
title Effect of Internal Control System on Financial Performance of Savings and Credit Co-Operatives in Kabale Municipality A Case Study of Lyamujungu SACCO Kabale Branch.
title_full Effect of Internal Control System on Financial Performance of Savings and Credit Co-Operatives in Kabale Municipality A Case Study of Lyamujungu SACCO Kabale Branch.
title_fullStr Effect of Internal Control System on Financial Performance of Savings and Credit Co-Operatives in Kabale Municipality A Case Study of Lyamujungu SACCO Kabale Branch.
title_full_unstemmed Effect of Internal Control System on Financial Performance of Savings and Credit Co-Operatives in Kabale Municipality A Case Study of Lyamujungu SACCO Kabale Branch.
title_short Effect of Internal Control System on Financial Performance of Savings and Credit Co-Operatives in Kabale Municipality A Case Study of Lyamujungu SACCO Kabale Branch.
title_sort effect of internal control system on financial performance of savings and credit co operatives in kabale municipality a case study of lyamujungu sacco kabale branch
topic Effect
Internal Control System
Financial Performance
Savings
Credit Co-Operatives
Kabale Municipality
Lyamujungu SACCO
Kabale Branch
url http://hdl.handle.net/20.500.12493/2380
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