Impacts of Internal Control on Cash Flow Management: A Case Study of Pride Microfinance Ltd Kampala
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Date
2011-05
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Publisher
Kampala International University, College of Economics and Management
Abstract
This study set out to investigate the impacts of internal control on cash flow management, using
the case study of pride microfinance limited. According to the Committee of Sponsoring
Organization (COSO) Framework, everyone in an organization has responsibility for internal
control to some extent. Virtually all employees produce information used in the internal control
system or take other actions needed to affect control. Also, all personnel should'be responsible
for communicating upward problems in operations, noncompliance with the code of conduct, or
other policy violations or illegal actions. Each major entity in corporate governance has a
particular role to play:
Management: The Chief Executive Officer (the top manager) of the organization has overall
responsibility for designing and implementing effective internal control. More than any other
individual, the chief executive sets the "tone at the top" that affects integrity and ethics and other
factors of a positive control environment.
This study will be conducted with specific objective, to find out the relationship between
internal control system and cash management, also investigate the effectiveness of the internal
control methods on cash management.
The study will address research questions on the impacts of internal control on cash flow
management. A case study will be adopted as the basic research design but frequency supported
by others such as qualitative and explanatory. The study purpose will sample a population of
fifty employees from top management, financial and accounts department, staff and other
employees of the organization.
The study will use both primary and secondary data obtained from the available sources and
findings from primary sources will be collected using questionnaires, interviews, and
observations will be processed using frequencies, and percentages will be used as key tools to
identify the relationship of variables.
The basic findings were that pride micro finance limited are currently using the internal control
system in managing its cash flow.
Description
A Research Report Submitted To the School Of Business and Management in Partial Fulfillment of Requirement for the Award of Bachelors Degree in Business Administration of Kampala International University
Keywords
Internal Control, Cash Flow Management, Pride Microfinance Ltd Kampala