The impact of accounting techniques on performance of centenary bank: case study of the centenary bank Kabalagala branch
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Date
2013-04
Authors
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Journal ISSN
Volume Title
Publisher
Kampala international international: College of Economics and Management
Abstract
The study examined the impact of accounting techniques and performance of centenary bank with a case study of kabalagala branch which has a total population of 60 employees in all departments from which the sample size of 52 respondents was randomly selected. The study was quantitative since the major findings from the field were descriptively presented through the use of tables and graphs for easy understanding and interpretation. The study had four research questions and four objectives which included; Evaluating the relationship between accounting techniques on performance of centenary bank, Examining the accounting techniques used in centenary bank, the ability of centenary bank to record, interpret, analyze and report financial information, impacts of accounting techniques on performance of centenary bank. Using a cross sectional survey design in which the survey questionnaire and interview guide were used to collect the required data, the study was able to make the following findings. The female gender is highest with 71.2% , 57.3% of the respondents were in the age group 30-39 and 51.9% of the respondents were degree holders.
The research findings revealed that accounting techniques are very important to performance of centenary bank as indicated by 94.2% of the respondents and the leading impact of accounting techniques is the overall improvement in the day to day financial management and capturing customers' transactions correctly. The research also revealed that there is a close relationship
between accounting techniques and the performance of centenary bank. The researchers also found out that a great percentage of the respondents (96.1 %) have appreciable knowledge of operation or use of the computer for originating, maintaining and recording transactions accurately. The researcher therefore recommended the following to realize the positive impacts of accounting techniques on centenary bank:
1. Ensuring close working relationship among the different departments in centenary bank,
2. Ensuring that the principles and standard governing accounting profession are closely
followed.,
3. Ensuring that there is maximum customer care with in the centenary bank, this will
increase customer satisfaction and loyalty
Description
A research report submitted to the college of applied economics and management sciences in partial fulfilment of the requirements for the award of bachelor’s degree in business administration (accounting) of Kampala international university
Keywords
Business administration, Accounting techniques, Performance, Centenary bank, Kabalagala branch