Financial management and performance of selected small and medium size enterprises in Uganda: case study: Samona Beauty Products Uganda Limited
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Date
2013-08
Authors
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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