The effects of internal control system on inventory management:
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Date
2010-07
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Publisher
Kampala International University, College of Economics and Management
Abstract
This research was carried out to examine the effect of internal control system on inventory Management in Joint Medical Store.
The objectives of the study include the following; to examine the relation ship
between budgeting and the performance of local government, to establish the
effect of budgeting on the performance of local Governments, and to find out
the types of budgets used in !banda district head quarters.
The methodology used include , the information generated from the field and
secondary sources of data like the journals .Theories in available literature
and also empirical literature were critically reviewed , and finings revealed
that budgeting process has a great impact on local governments .
The implication is that when good internal control systems are maintained,
good inventory management is obtained, High Profits earned, a good corporate
image attained, and good decisions will be reached of which will motivate the
employees to perform their duties efficiently and effectively. However when good
internal controls are not maintained, the result will be poor inventory
management, low sales, low profits, a bad corporate image, delays in decision
making which will lead to employees' demotivation and poor performance
Recommendations that emerged from the findings include among others; the
need for training staff members especially when installing a new IT system and
also should improve and maintain proper internal control procedures so as to
have effective inventory management.
Description
A research report submitted to the school of Business and Management in partial fulfillment of the requirements for the Award of a Degree of Bachelor of Business Administration Of Kampala International University
Keywords
Internal control system, Inventory management