| dc.description.abstract | The main objective of the study was to evaluate the relationship of Budgetary Controls on the financial performance of manufacturing entities in Uganda. The Specific Objectives were to find out whether budgetary controls are adopted at the firm, find out whether budgetary controls are adopted at the firm, to establish various ways in which budgetary controls are used by the firm and to establish whether or not budgetary controls contribute to the financial performance of manufacturing firms. The literature for this study was gathered from academic journals, case papers, reports and magazines and it was based on the specific objectives of the study.
Towards the achievement of the above objectives, a descriptive research design was adopted and data was collected by use a questionnaire. The study sample of 80 respondents was determined from a population of 100 employees using Taro Yamane (1967) to obtain data from the respondents. A closed ended questionnaire was used as a research tool for gathering data that was tallied, and then tabulated inform of percentages and was presented in form of frequency tables and charts
The findings indicate that majority of the respondents agree that budgetary controls do exist at the company and that actually the budgetary controls in place are used at the company and that the budgetary controls are used occasionally. The findings also Budgetary controls are resourceful to the company in their applicability through communication of objectives among different departments, allocation of resources and avoiding excesses, reporting deviations from the forecasts and actual results, determining whether or not the required resources are available, planning for the changing conditions that will prevail during the forthcoming period, providing a basis for control against which actual activities can be measured, planning and controlling the income and expenditure of the organization, guiding management decision when unforeseen conditions affect the budget, and initiating new programmes for income generation and managing resources allocated to these programmes.
The study concluded that there is a very strong relationship between budgeting and financial performance as it many respondents agree that it positively contributes to; the increase in the units produced and sold, the profitability of the business, Institutionalization of tools and procedures that ensure better performance, and helping its departments to track their spending there by cutting their departmental costs. | en_US |
