Budgetary Control and Financial Performance of Government Corporations: A Case of Water and Sanitation Corporation (WASAC)

2020 ◽  
Vol 10 (9) ◽  
pp. 505-514
Author(s):  
Mr. Ndikumwenayo Everien ◽  
Dr. Rusibana Claude
Keyword(s):  
Financial Performance ◽  
Water And Sanitation ◽  
Budgetary Control ◽  
Government Corporations

scholarly journals THE ROLE OF BUDGETING PROCESS IN FINANCIAL PERFORMANCE: A CASE STUDY OF BUGISU COOPERATIVE UNION LTD MBALE, UGANDA

2017 ◽  
Vol 1 (5) ◽  
pp. 31
Author(s):  
Chris Masakala ◽  
Edwin Omol ◽  
Fred Wauyo ◽  
James Okumu
Keyword(s):  
Financial Performance ◽  
Case Study Research ◽  
Sampling Technique ◽  
Face Validity ◽  
Validity Data ◽  
The Hierarchical Structure ◽  
Budgetary Control ◽  
Frame Work ◽  
Budgeting Process

Purpose: The study examined the relationship between the budgeting process and the financial performance of Bugisu Cooperative union Ltd.Methodology: Case study research design was applied. The instruments used were given to two experts to comment on the ambiguity, difficulty and relevancy of questions to ensure construct content and face validity. Data was collected using self-administered questionnaires and analyzed using Statistical package for social sciences (SPSS Version 10). Population was selected using the Sloven’s formula on 80 staff who actively participates in the budgeting process of Bugisu Cooperative Union Ltd. These were selected using a proportionate stratified and simple random and sampling technique and determined using the data from response to 67 questionnaires.Results: From the results in the regression coefficient table it was observed that financial performance is influenced by budgeting process. This was indicated by (Beta of 0.268) and (Sig =0.033<0.05), meaning that financial performance is influenced by employee participation by 26.8%. This implies that other factors that affect financial performance are 73.2%.The results suggest that the budgeting process was appropriate, financial performance was acceptable and that there was a positive relationship between the budgeting process and the financial performance.Unique contribution to theory, practice and policy: Basing on the findings the researcher recommended the following: the level of participation be upheld and strengthened, have regular and periodic meetings to provide feedback, budgeting process for the different units be conducted in a workshop/meeting to enhance participation, much emphasis to be put on the budgetary control and creation of a self-governance frame work that subdivides the hierarchical structure into smaller self-management units

scholarly journals Examining the Effect of Budgetary Controls on the Financial Performance of Oman Telecommunication Company.

2021 ◽  
Vol 8 (6) ◽  
pp. 83-95
Author(s):  
Raya Mohammed AL Mahroqi
Keyword(s):  
Financial Performance ◽  
Organizational Performance ◽  
Survey Method ◽  
Top Management ◽  
Microsoft Excel ◽  
Control Techniques ◽  
Budgetary Control ◽  
Control Procedures ◽  
The Impact

The budgeting process and budgetary control are one of the most important activities that have great importance in the techniques used for planning and monitoring activities and all the administrative and financial functions of the organization. This study aims to assess the effect of budgetary control on the financial performance of the Oman Telecommunications Company and verify the effectiveness of budgetary control techniques in the company, in light of the support and role of top management for budgetary control techniques in the company. This study will allow financial managers in various companies to understand the nature of the work of budgetary control techniques, their importance, and the extent of the impact of each technique, and thus managers will be able to determine the best-used and appropriate techniques that will lead to raising efficiency in financial and organizational performance. As for the research methodology used in the study, the survey method based on questionnaires and interviews was used. Data were analyzed using frequency distribution, correlations, and regression analysis. Microsoft Excel was used to analyze the collected data. As for the interview, they were analyzed by descriptive and explanatory methods. The results indicated that there is a positive relationship between budgetary control and the financial performance of the company, the differential impact of budgetary control techniques, and the confirmation of the company’s use of the technique of variance analysis and accounting responsibility, as well as the importance of budgetary control procedures. The results also indicate the importance of support and the role of top management for budgetary control techniques. Several recommendations were made through the results of this study. The recommendation was made on the need to understand and implement the company’s adjustment of funds technique for its importance in improving and raising the company's financial performance significantly in the company. Keywords:      Budgetary Control, Organizational Financial Performance,                         Budgetary Control Techniques, Budgeting     

scholarly journals Effects of Internal Audit Function on Financial Performance in Rift Valley Bottlers Limited Eldoret, Kenya

2021 ◽  
pp. 15-32
Author(s):  
Dr. Gedion A, Omwono ◽  
John mark Wanyama
Keyword(s):  
Financial Performance ◽  
Rift Valley ◽  
Internal Audit ◽  
Sampling Technique ◽  
Cross Sectional ◽  
Financial Accountability ◽  
Internal Audit Function ◽  
Limited Company ◽  
Budgetary Control ◽  
Data Collection Instrument

The purpose of this study was to investigate effect of internal audit function on financial performance of Rift Valley Bottler’s Limited, Eldoret. The researcher seeks to answer the following research questions: what is the effect of internal audit function on financial performance at Rift valley bottlers?; what is the effect of risk management on financial performance of Rift valley bottler’s limited Company?; what is the effect of budgetary controls on financial performance of Rift Valley bottler’s limited company?; and what is the effect of financial accountability on financial performance of Rift Valley bottler’s limited company?. This study adopted descriptive cross-sectional research design. With a sample size of 40 from finance, human Resource and procurement departments. Census sampling technique was used to select respondents. Questionnaire was used as data collection instrument. Quantitative analysis was used in analyzing of data. Multiple regression analysis was used to show the relationship between independent and dependent variables. This study found out that budgetary control affects financial performance of Rift Valley bottler’s limited company (p=0.004). this study further asserted that financial accountability affects financial performance of Rift Valley bottler’s Limited Company (p=0.005). This study concludes internal audit function affects financial performance of Rift Valley Bottler’s Limited company. This study recommends organizations like Rift Valley Bottlers to always practice internal auditing of their creditors and this will improve on their financial performance; organizations should always conceive and adhere to the internal audit function in a positive way as it is communicated by employees and follow their contents in the day to day running of the organization activities; and training of employees in Rift Valley Bottlers as important motivational tool for motivating employees towards better performance.

The Positive and Negative Consequences of “Managerialization”: Evidence From Japanese Nonprofit Elderly Care Service Providers

2018 ◽  
Vol 48 (2) ◽  
pp. 309-333 ◽  
Author(s):  
Yoshitaka Shirinashihama
Keyword(s):  
Financial Performance ◽  
Nonprofit Organizations ◽  
Service Providers ◽  
Care Service ◽  
Elderly Care ◽  
Negative Consequences ◽  
Related Services ◽  
Top Managers ◽  
Budgetary Control ◽  
Negative Effect

In recent decades, many researchers have pointed out that nonprofit organizations are becoming “managerialized.” Although the “managerialization” may enable these organizations to improve their financial performance, it may also reduce their unprofitable mission-related services. However, there are few studies examining both aspects simultaneously. This study focuses on the managerialization of nonprofit organizations, especially the tightness of budgetary control systems and characteristics of top managers, as well as the negative and positive consequences of becoming managerialized. To test our hypotheses, we collected information about Japanese nonprofit elderly care service providers using a survey. Research results revealed top managers with more experience tend to improve the financial performance of nonprofit elderly care service providers using tight budgetary control. However, the results show no relationship between tight budgetary control and the provision of unprofitable mission-related services. Thus, in our setting, managerialization has a positive effect; there is no negative effect.

scholarly journals Examining the Effect of Budgetary Controls on the Financial Performance of Oman Telecommunication Company

2021 ◽  
Vol 2 (3) ◽  
pp. 37-46
Author(s):  
Raya Al Mahroqi ◽  
◽  
Maria Matriano ◽  
Keyword(s):  
Financial Performance ◽  
Organizational Performance ◽  
Financial Management ◽  
Resource Planning ◽  
Top Management ◽  
Control Techniques ◽  
Telecommunication Company ◽  
Budgetary Control ◽  
The Impact ◽  
Telecommunications Company

Objectives The objectives of the study were to analyze the different budgetary control techniques that affect and how it affects the financial performances; to determine the ways of effective budgetary control affecting the financial performances and to identify and to evaluate the roles of top management in budgetary control techniques of the Oman Telecommunications Company. Research Methodology A questionnaire was prepared for collecting the survey. The respondents were the employees of the financial department and also officials and supervisors from other departments of the Oman Telecommunications Company. The questionnaires were distributed to 60 members and the data collected was analyzed using Microsoft Excel to obtain the frequencies, percentages, and descriptive analysis. Findings The results indicated that there is a positive relationship between budgetary control and the financial performance of the company. The results also indicated that the company preferred the Responsibility accounting technique, Revenue budgeting technique, and variance analysis technique. It is also reported that the management is informed of the deviations regularly, and the managers take corrective measures promptly as and when required. It was found that the top management of the Oman Telecommunications Company is aware of the importance of budgetary control techniques and supports them. Research Implication From the results, it was recommended that the company should give prior attention to developing budgetary control through proper planning, ensure continuous evaluation of comparative analysis of actuals vs. budget. It was also suggested that the company introduce enterprise resource planning (ERP) as the monitoring will become easy for the financial management in ensuring the productivity of the employees in the budgetary control process. Social Implication The study will allow financial managers in various companies to understand the serious nature of budgetary control techniques, their importance, and the extent of the impact which in turn will help them to improve efficiency in achieving financial performances. Novelty No study was carried out before to study the impact of budgetary control on the organizational performance of Oman Telecommunication Company. This is a maiden attempt.

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