Budgetary Controls and Performance of Construction Companies in Uganda: A Case Study of Roko Construction Company Nasser Road, Kampala- Uganda
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Date
2018-05
Authors
Joanita, Nankubuge
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, bachelors degree in business administration(Finance And Accounting)
Abstract
The study investigated budgetary controls and performance of Roko Construction Company in
Nasser road Kampala, Uganda, it was guided by the following objectives which included
determining the effect of monitoring on performance, to identify the effect of evaluation on
performance, and to establish the effect of Planning on performance. The study used a cross sectional
research design and a descriptive correlational design. The researcher used a study
population of 259 respondents are chosen from the leadership structure and directly mandated to
manage budgetary controls in the Roko Construction Company in Uganda Due to limited time
and resources, a sample size of (157 respondents) was selected from the study population of
(259) respondents. The sample size was determined using the Slovene's formula; the study made
the following findings monitoring structure has a significant effect on performance since the pvalue
0.04 was less than the significance level (0.05) and the correlation coefficient was notably
high (0.76) rendering the effect between monitoring structure and performance to be a strong
one. The findings above revealed that budgetary control s has a significant effect on performance
since the p-value 0.04 was less than the significance level (0.05) and the correlation coefficient
was notably high (0.76) rendering the effect between budgetary and performance to be a strong
one. Therefore "budgetary controls have a significant effect on performance in Roko
Construction Company in Uganda." The study made the following conclusions Budgetary
control is a system which uses budgets as means of planning and controlling all aspects of
producing/or selling commodities and services. Budgetary control of sales and costs is obtained
through executive action, guided by the monthly comparisons of actual and the planned results.
Budgeting is merely a part of budgetary control which involves the preparation of budgets. There
was poor adherence to proper physical planning and development control and service standards;
poor mobilization; consultation; mobilization and sustainability; poor decisions making; weak
laws are among things that affect effective and efficiency performance of monitoring in Roko
Construction Company in Uganda. The study made the following recommendations the
importance of budgetary control can never be over emphasized. Thus, for survival of any
organization, management needs to embark on budget to effect proper planning and control.
Seek information mainly from key officers involved in the preparation of the organizations
budget. Planning is an important role of budgeting for attaining the expected quality and
standards in planning control and leadership and staffing.
Description
A Research Report Submitted To The College Of Economics And Management In Partial Fulfillment Of The Requirements For The Award Of A Degree Of Business Administration (Finance And Accounting) Of Kampala International University
Keywords
Budgetary Controls, Construction Companies, Roko Construction Company Nasser Road