Internal control system and organizational cash management:
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Date
2019-06
Authors
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Publisher
Kampala International University, College of Economics and Management
Abstract
The study sought to establish the role of internal control system on organizational cash management and was driven by three objectives.
To achieve these objectives, the researcher sampled twenty respondents (20) from Mulago National Referral Hospital. The study utilized qualitative and quantitative research methods; four data collection instruments were used, structured interview guides and questionnaires and the collected data was presented in tabular and analyzed statistically to decipher findings.
The research was guided by three research questions of the study. The first research question sought to find out the relationship between internal control systems and organizational cash management and the research revealed that there is a strong link between internal control systems and organizational cash management in Uganda. Research question two sought to find out the factors that contributed to inefficiency and ineffectiveness of internal control systems and the findings revealed that; poor record keeping, improper accountability, falsification of financial record were the answers given in this research question
The findings revealed that: physical control over cash included sale, cash boxes. Most of the disbursements were made by cheques and the minor through petty cash fund.
The recommendations to Mulago Hospital were; Proper adoption of organization plan, Control of transaction, Prevention of fraud, separation of accounting and custody of assets, prevention of fraud among others.
Description
A Research Report Submitted to the College of Economics and Management in Partial Fulfillment of the Requirements for the Award of Bachelor’s Degree in Business Administration of Kampala International University
Keywords
Internal control system, Organizational cash management, Mulago National Referral Hospital, Kampala Uganda