Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.12306/14060
Title: Cash management and financial performance of small scale businesses in Bombo Town Council in Luweero District-Uganda
Authors: Mugume, Deogratius
Keywords: Cash management
Financial performance
Small scale businesses
Bombo Town Council
Uganda
Issue Date: Feb-2020
Publisher: Kampala International University, College of Economics and Management
Abstract: study sought to establish the effect of cash management on financial performance of small scale Businesses in Bombo town council in Luweero-Uganda. It was guided by three specific objectives, that included i) to determine the effect of disbursements on financial performance of small scale businesses in Bombo town council in Luweero district, ii) to establish the effect of cash collection on financial performance of small scale businesses in Bombo town council in Luweero district and iii) to establish the effect of cash control on financial performance of small scale businesses in Bombo town council in Luweero district. The study used a sample size of 367 respondents and employed cross-sectional, survey and descriptive research design to describe the variables as the research instruments. Descriptive statistics were used in this study included frequencies, means and regression analysis on variables. The findings revealed the following: The findings indicated that disbursements significantly affects the financial performance of small scale businesses in Bombo town council in Luweero district, the findings revealed that there is a significant effect cash collection has on financial performance of small scale businesses in Bombo town council in Luweero district, findings of this study also indicated a positive significant effect cash control has on financial performance of small scale businesses in Bombo town council in Luweero district. Still the conclusions were that; there is a positive significant effect disbursements has on financial performance of small scale businesses in Bombo town council in Luweero district, effective cash collection significantly improves financial performance of small scale businesses in Bombo town council in Luweero district, cash control highly affects the financial performance of small scale businesses in Bombo town council in Luweero district Uganda. The researcher recommended that the small scale business owners should develop a good system to monitor cash payments, record and track all the cash payments so that there is effectiveness in payment of cash and ensure to cover loopholes if any in the system to enhance financial performance. Small scale business owners and managers should develop cash collection system for example alternatives ways of collecting cash from customers which makes cash collection easy and flexible so as to boost financial performance, small scale business owners should develop cash control system and make sure they always have a cash plan that enables them have minimum cash balances at all times, this will help them control cash and hence increase in the financial performance of their businesses and it Contributes to knowledge by providing empirical evidence that cash management significantly affect the financial performance of small scale businesses in Bombo town council in Luweero district-Uganda The study will be useful to other Firms wishing to implement better cash flow management practices as it will enable them to identify challenges posed while implementing best practices and be able to mitigate such challenges.
Description: A Thesis report submitted to the college of economics and management in partial fulfillment of the requirements for the award of Master’s degree in business administration (accounting and finance) of Kampala International University
URI: http://hdl.handle.net/20.500.12306/14060
Appears in Collections:Master of Business Administration - Main and Ishaka Campus

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