Internal control systems and financial performance of higher learning institutions in Rwanda
Loading...
Date
2012-12
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala international University college of economics and management
Abstract
The topic of the study was ‘Internal Control Systems and Financial Performance of Higher Learning Institutions in Rwanda’. It was guided by 4 objectives, they included: 1) To determine the profile of HLIs in Rwanda in terms of Age, gender, education level, positions and years of experience, 2) To examine the functionality of Internal Control systems in Institutions of Higher Learning inRwanda, 3) To examine performance of Institutions of Higher Learning in Rwanda, and 4)To examine the relationship between internal control systems and performance in an Institution of Higher Learning Institutions in Rwanda. It was
set to test the hypothesis that there is no relationship between internal control
systems and performance in the HLI5 in Rwanda. The methodology of the study
was descriptive co - relational design. The findings of the study were that the
levels of internal control systems and financial performance were high
respectivelly and there is a positive relationship between internal control systems
and performance within the HLIs in Rwanda. Therefore, the null hypothesis was
rejected. Finally, the findings indicated a positive relationship between the extent of
functionality internal control systems and financial performance in selected HLI5 in
Rwanda. Major conclusions has been generated such as 1) The extent of
functionality of internal control systems in institutions of higher learning in
Rwanda was generally found high. This means that generally, the functionality of
internal control systems in HLis is high. The level of financial performance was
also found to be high and this indicated that these institutions always did their
financial planning very effectively. The research recommendations stated that
there is a need for these institutions improve on the relationship with stakeholder
and improve on their stature and also there is a need to work on registering
expenses as they are incurred. The research indicates that 3 important
prospective researches can be researched on like 1) Number of students and financial performance in HLIs in Rwanda, 2) An investigation between the private and public institutions in terms of financial performance and 3) Record keeping and financial performance in HLI5 in Rwanda.
Description
A thesis presented to the college of higher degrees and research Kampala International University Kampala, Uganda in partial fulfillment of the requirements for the degree of master of business administration in finance and banking
Keywords
Control systems, Financial Performance, Higher learning institutions, Rwanda