Internal Control Systems, Working Capital Management and Financial Performance of Private Institutions in Uganda: An Empirical Study in Mbarara District
This research adopted a cross-sectional and descriptive design. Data was collected using self administered questionnaire from those operating businesses in Mbarara municipality. Data was analyzed using a multivariate analysis technique and presented descriptively using mean, standard deviation and...
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| Format: | Article |
| Language: | en_US |
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International Journal of Research in Engineering, IT and Social Sciences
2020
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| Online Access: | http://hdl.handle.net/20.500.12493/422 |
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| author | Eton, Marus Fabian, Mwosi Siraje, Kaaya Benard, Patrick Ogwel Edward, Ahabwe |
| author_facet | Eton, Marus Fabian, Mwosi Siraje, Kaaya Benard, Patrick Ogwel Edward, Ahabwe |
| author_sort | Eton, Marus |
| collection | KAB-DR |
| description | This research adopted a cross-sectional and descriptive design. Data was collected using self
administered questionnaire from those operating businesses in Mbarara municipality. Data was analyzed using
a multivariate analysis technique and presented descriptively using mean, standard deviation and coefficient of
variation. The study revealed that the businesses were weak at aligning their operations with set business
procedures, guidelines and national laws The study also established that the current level of internal control
systems is moderately effective. These are commendable practices especially in small and medium enterprise
businesses. The moderate relationship between internal control systems and working management confirms the
likelihood that these businesses conduct regular financial audits and endeavor to maintain reliable financial
records. The study recommended that there is need for businesses to align their operations to national
standards and also train their staff in internal control activities that ensure adherence to principles of
accounting and financial records. Government has a role to play in protecting nationals against consumption of
goods and services that do not measure to national or international standards |
| format | Article |
| id | oai:idr.kab.ac.ug:20.500.12493-422 |
| institution | KAB-DR |
| language | en_US |
| publishDate | 2020 |
| publisher | International Journal of Research in Engineering, IT and Social Sciences |
| record_format | dspace |
| spelling | oai:idr.kab.ac.ug:20.500.12493-4222024-01-17T04:45:41Z Internal Control Systems, Working Capital Management and Financial Performance of Private Institutions in Uganda: An Empirical Study in Mbarara District Eton, Marus Fabian, Mwosi Siraje, Kaaya Benard, Patrick Ogwel Edward, Ahabwe Internal Control, Working capital management, Financial Performance, Profitability This research adopted a cross-sectional and descriptive design. Data was collected using self administered questionnaire from those operating businesses in Mbarara municipality. Data was analyzed using a multivariate analysis technique and presented descriptively using mean, standard deviation and coefficient of variation. The study revealed that the businesses were weak at aligning their operations with set business procedures, guidelines and national laws The study also established that the current level of internal control systems is moderately effective. These are commendable practices especially in small and medium enterprise businesses. The moderate relationship between internal control systems and working management confirms the likelihood that these businesses conduct regular financial audits and endeavor to maintain reliable financial records. The study recommended that there is need for businesses to align their operations to national standards and also train their staff in internal control activities that ensure adherence to principles of accounting and financial records. Government has a role to play in protecting nationals against consumption of goods and services that do not measure to national or international standards Kabale University 2020-06-19T09:36:51Z 2020-06-19T09:36:51Z 2020 Article 2250-0588 http://hdl.handle.net/20.500.12493/422 en_US application/pdf International Journal of Research in Engineering, IT and Social Sciences |
| spellingShingle | Internal Control, Working capital management, Financial Performance, Profitability Eton, Marus Fabian, Mwosi Siraje, Kaaya Benard, Patrick Ogwel Edward, Ahabwe Internal Control Systems, Working Capital Management and Financial Performance of Private Institutions in Uganda: An Empirical Study in Mbarara District |
| title | Internal Control Systems, Working Capital Management and Financial Performance of Private Institutions in Uganda: An Empirical Study in Mbarara District |
| title_full | Internal Control Systems, Working Capital Management and Financial Performance of Private Institutions in Uganda: An Empirical Study in Mbarara District |
| title_fullStr | Internal Control Systems, Working Capital Management and Financial Performance of Private Institutions in Uganda: An Empirical Study in Mbarara District |
| title_full_unstemmed | Internal Control Systems, Working Capital Management and Financial Performance of Private Institutions in Uganda: An Empirical Study in Mbarara District |
| title_short | Internal Control Systems, Working Capital Management and Financial Performance of Private Institutions in Uganda: An Empirical Study in Mbarara District |
| title_sort | internal control systems working capital management and financial performance of private institutions in uganda an empirical study in mbarara district |
| topic | Internal Control, Working capital management, Financial Performance, Profitability |
| url | http://hdl.handle.net/20.500.12493/422 |
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