Budgeting and financial performance of public firms in Uganda; a case of Uganda institute of allied health and management sciences- Mulago:
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Date
2019-07
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Kampala International University, College of Economics and Management.
Abstract
The study was about budgeting and financial performance, a case study on UIAHMS- Mulago. The study was guided by three objectives that is: to establish the roles for budgeting in organizations, to establish the contribution of budgeting on the workers’ performance in terms of ime management, to establish the relationship between budgeting and the financial performance of the Company.
a case study research design was used where both quantitative and qualitative methods of data collection and analysis was also used. Purposive and simple random sampling was used to get a representative sample fifty. Thematic content analysis was used as the main analysis strategy.
Key findings were transformed into themes for analysis and presentation of data.
The study found out that there are number of roles for budgeting in the Companies including;
planning, evaluation of performance, for control purpose, continuous comparison of actual
results against budgets to form a basis of standards and creation of responsibility centers in
organizations. That budgeting contributions on the workers’ performance in terms of time
management in as way of proper time planning, even distribute the time resources of the
employees in the organization, help firms to make profits in time, as well as provides direction to
the future progress.
The researcher concluded that, budgeting contributes greatly on the financial performance ol
public firms whereby through budgeting, costs are managed and controlled, can realize when
costs are high and make some adjustments and that the firms can set targets to meet through
budgeting and that by doing this cost is managed and controlled for increased financial
performance. The researcher recommended that Companies should employ workers who are
qualified for improved financial performance and that since budgeting serves as performance
indicator, model of communication, measure of control, means of motivation, it is recommended
that Companies in developing countries Uganda in particular to always perform budgeting
process. The study further recommends that human resource to conceive and adhere budgeting in
a positive way as it is drafted and follow its contents in the day to day running of the firms’
activities. By doing this, negative attitude of the human resource in such Companies will be
reduced that will result into proper allocation of resources, firms should operate on budgets
Description
a research report submitted to the college of economics and management in partial fulfillment of the requirements for the award of bachelor’s degree of business administration of Kampala international university.
Keywords
Budgeting, financial performance, public firms