Budgetary control and organization performance a case study of Bakhresa grain milling Uganda Limited (Azam)

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Date
2011-09
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Journal ISSN
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Publisher
Kampala international international: College of Economics and Management
Abstract
This research focused on the budgetary control and organizational performance in Bakhresa Grain Milling (U) Ltd (Azam) with four major objectives: Establishing how budgetary control are being used in Bakhresa Grain Milling (U) Ltd (Azam), Whether there is a relationship between budgetary control and organizational performance, establish whether budgetary control has improved occurrence and reliability of the company and to examine the challenges Bakhresa Grain Milling (U) Ltd (Azam) is facing as a result of applying budgetary control systems. The researcher used a sample of 36 respondents. A stratified random sampling method, simple random and purposive sampling methods were used to select respondents to form the sample as the basis of the survey. On the part of customers convenience sampling method was used to suit their availability and schedule. A descriptive research design was used in order to establish together all facts to aid in analyzing the relationship between budgetary control and organizational performance. The researcher used both primary and secondary data in compiling the findings. Primary data was collected using limited observation but to a large extent questionnaire was used. Secondary data was gathered from company management reports, strategic plans, company budgetary control systems and working progress reports together with published texts. Data was collected and analyzed for purposes of ensuring accuracy, consistency so as to convey meaning to the reader. Frequency tables and graphical presentations were used to highlight all statistical relational patterns between the dependent and independent variables. To highlight more about the relationship between budgetary control and organizational performance, a correlation coefficient and the coefficient was used to determine the strength of the relationship. It was discovered that there was a strong negative relationship between budget estimates and actual budget • expenditure. The researcher observed a number of challenges such as negative response from the employees of the company in answering the questions. However, the researcher suggested measures such as training of employees in budgetary control skills so as to curb these challenges in order to improve performance of the organization.
Description
A research report submitted to the department of college open and distance learning in partial fulfillment for the a ward of a bachelors degree of commerce
Keywords
Commerce, Budgetary control, Organization performance, Bakhresa grain milling Uganda Limited (azam)
Citation