Financial Budgeting and Growth of Dahabshiil Money Transfer Company Limited, Kampala Uganda

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Kampala International University, College of Economics and Management.
This thesis titled Financial budgeting and the growth of Dahabshil Money Transfer Company Ltd.” is presented as a result of research that ~as carried out at the Company’s country offices in Kampala, Uganda. The study was carried out based on four specific objectives. i.e.: to determine the demographic characteristics of respondents as to age. gender professional qualifications, in relation to their duties: to identify the ~arious components of financial budgeting utilized in Dahabshil Money Transfer Company: to examine the factors that determine the gro~~th of firms. specifically. l)ahabshil Money Transfer Company: and to examine the relationship between financial budgeting and firm growth in Dahabshil Money Transfer Company .The study was in form of descriptive correlation design. to describe and analyze the condition of the areas being studied as it was at the time. Ehe stud) population comprised of 180 employees of Dahabshil Money Transfer Company Ltd. including: personnel from the HR section, clearing and forwarding sections. Procurement and Logistics management section and other authorized persons. from i~hich a study sample of 120 respondents was chosen. using Purposive sampling method. Questionnaires ‘scre used in collecting both primary and secondary data. I he collected data was analyzed using both qualitative and quantitative methods. flue lindings of the stud) revealed that the components of financial budgeting included: budgeting on au annual basis: budget director does the preparation and presentation of the budget: individual departments submit separate budgets for their operations: bottom-up budgeting approach; and that a budget enables corrective actions to be taken. it ‘ivas also revealed from the findings of the study that the various factors that determine the growth of firms include: effectiveness and accuracy or budgetary forecasts: employee? innovation and motivation: managerial compctencics and efficiency of communication;the qualifications and experience of employees:lc. ci of achievement oforganizational goals: and effective monitoring and evaluation. And also that financial budgeting had a positive and significant relationship with firm growth.From the findings of the study, the researcher concluded that financial budgeting has a significant effect on firm growth in Dahabshil Money franslbr Company Limited. Kampala Uganda. lie recommended that emphasis on budgeting as a means to increase productivity through effectiveness and efficiency should be made: need for proper human resource management in an organization so as to achieve the organizational goals and objectives: timely meetings between the Organizational managers and employees so as to make them part of the decision making body. ‘i’icre some of the recommendations among others.
A Thesis Presented to the College of Higher Degrees and Research in Partial Fulfillment of the Requirements for the Award of the Degree of Master of Economic Policy and Planning of Kampala International University:
Budgeting, Budgeting and Growth, Dahabshiil Money Transfer Company, Kampala Uganda