Financial management and performance of selected small and medium size enterprises in Uganda: case study: Samona Beauty Products Uganda Limited

Thumbnail Image
Date
2013-08
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management
Abstract
This study analyzed ''Financial management and performance of selected small and medium sized enterprises in Uganda/ a case study of Samona Beauty Products Uganda Limited. /,'The study was guided by three specific objectives which were; (I) to find out the effect of working capital management on the performance of small and medium size enterprises, (ii) to determine the impact of budget control system on the performance of small and medium size enterprises and (iii) to establish the relationship between financial management and the performance of small and medium size enterprises. In conducting the research, both qualitative and quantitative methods were used as research methods to establish the correlation between the study variables. Self Administered Questionnaires were used while gathering primary data and review of the written data while collecting secondary data. 50 persons were taken as the sample size for the whole study population of employees in SMEs in Uganda and the collected information was coded and tabulated using statistical analysis for interpretation. The research findings indicated that there was a high positive correlation between inventory and sales/ performance levels in Samona Beauty Products Uganda limited and indication that the performance of SMEs is directly influenced by the financial management. The research further revealed the need to stock management systems and increase production levels so as to improve on the performance as sales volume increases. Basing on the findings, the researcher made recommendations which are to the effect that SMEs should put more emphasis on proper cash management in order to achieve better performance levels through increased sales from high quality products and that the organization needs to employ skilled laborers so that the financial management aspects are carried out effectively and efficiently for better performance.
Description
A research report submitted to the College Of Open Education and Distance Learning in Partial Fulfillment of the requirements for the Award of a Bachelor of Commerce of Kampala International University
Keywords
Financial management, Small and medium size enterprises, Samona Beauty Products, Uganda Limited
Citation