Accounting information characteristics and performance of financial institutions:
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Date
2019-09
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management
Abstract
The researcher investigated ‘Accounting Information characteristics and performance of
Financial institutions”. The study was guided by three research objectives which were; to identify effect of reliability of accounting information on the performance of Financial institutions in Makindye division, to find out the effect of relevance of accounting information on the performance of Financial institutions in Makindye division and lastly, to determine the effect of understandability of accounting information on the performance of Financial institutions in Makindye division. The methodology involved the use of a cross sectional survey research design. Both qualitative and quantitative approaches were used in data collection and analysis in order to get an in depth understanding of the phenomenon under investigation and to confirm completeness for instruments. The study population constituted of the staff members and clients of Stanbic bank Kabalagala. The data collection instruments involved the use of questionnaires and Interviews. The findings of the study revealed that; Accounting information characteristics are so reliable and efficient except that the respondents revealed that Information is generally not a good representation of the revenue and that Information is not a good representation of business liabilities Accounting information characteristics are so meaningful and relevant as respondents agreed that Information helps to predict and confirm expenditure levels, Information presented assists in decision making on allocation of resources and that Information helps to confirm the outcome of the planned activities. Accounting information characteristics are so meaningful and can be understood by the users in that respondents agreed that Information is presented in a readily understandable manner and that business assets are easy to know in terms of value and assets. The researcher recommended that More emphasis among financial institutions should be put on Accounting information characteristics as results indicate that it promotes organizational performance, the Government and all the other stake holders should fully support the use of accounting Information characteristics in financial institutions and this involves investing in the sector to improve on the quality of service delivery in the county, there is need to emphasize understandability of Information as this was revealed as the most important accounting information characteristic to the users of Accounting information.
Description
Research Report Submitted to the College of Economics and Management in Partial Fulfillment of the Requirements for the Award of a Bachelor of Business Administration of Kampala International University
Keywords
Accounting information characteristics, Financial institutions, Stanbic bank Kabalagala branch, Makindye Division Kansanga