Financial transactions and internal control in selected financial institutions in Mogadishu, Somalia
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Date
2012-01
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics & management.
Abstract
This study sought to establish the relationship between financial
transactions and internal control in financial institutions in Mogadishu,
Somalia. The study was guided by four research objectives; to
determine the demographic profile of the respondents in terms of age,
gender, educational qualification and number of years experience in
financial institutions; to determine the extent of financial transactions;
to determine the level of internal control and to establish whether
there is significant relationship between the extent of financial
transactions and the level of internal control in financial institutions , it
utilized descriptive survey design using questionnaire as the research
instruments. A target population was 134 the sample of the
respondents 100 for Dahabshiil and Salama Somalia Bank equally,
Simple random sampling method was used to identify the respondents.
The data collected was analyzed using SPSS for means to determine
the level of dependent and the extent of independent variables, using
Person’s Linear Correlation Coefficient the correlation between two
variables was determined. The findings discovered~ chat there is
strongly positive relationship between financial transactions and
internal control, while null hypothesis rejected. It recommended that
financial institution improve financial transactions and internal control
in order to increase firm’s productivity. The study concluded that the
financial transactions significantly influence internal controls in
Mogadishu’s financial institutions.
Description
A thesis Presented to the College of Higher Degrees and Research Kampala International University Kampala, Uganda In Partial Fulfillment of the Requirements for the Degree of Master Of Business Administration In Finance And Banking.
Keywords
Financial Transactions, Financial Institutions