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
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Publisher
Kampala International University, College of Economics and Management Science
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 researches 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 within the centenary bank, this will
increase customer satisfaction and loyalty
Description
A research report submitted to the College of Economics and Management Science in partial fulfillment for the requirements for the Award of a Bachelor's Degree in Business Administration of Kampala International University
Keywords
Accounting, Techniques