Metropolitan Journal of Academic Multidisciplinary Research

Volume 2, Issue 10 (October)

50 articles
31
Internal Audit Practices and Financial Management in Organizations, a Case Study of Lumala Hardware Limited Wakiso District.
Navvubya Daphine, Irumba Alex
internal audit practices financial management and organizations
The performance of an internal audit department must function in a manner that is in accordance with applicable professional standards such as Standards for the Professional Practice of Internal Auditing (SSPIA 2000) and the quality of the internal control systems. For the purpose of this research the researcher sought to determine the impact of internal audit practices on financial management in Lumala hardware limited. Internal audit was looked at from the perspective of its functionality, relationship with financial management and impact of its practices on financial management. Internal audit suggests that Independence, scope of audit work, audit reporting, audit programs, management of internal audit department, performance of audit work, audit reviews, objectivity are important Internal Auditing practices from the perception of internal Auditors. Performance of the audit work and audit reporting significantly influences the risk assessment of the of the quality of internal control system. From the findings, the respondents indicated that 9 (44%) of the respondents strongly disagreed while 05 (32%) of the respondents disagree with the statement. Also 3 (14%) of the respondents agree and 1 (2%) of the respondents strongly agree with the statement. However, 2 (8%) of the respondents we’re neutral. This implies that the systems of internal controls are not build and operated in Lumala Hardware Limited The study recommends that should ensure that the auditors are Objective in carrying out their work and ensure efficient use of funds and also keep being updated with the changing technology and as well sharpen their skills. This improved on the financial management systems of Lumala Hardware Limited in Entebbe municipality in Wakiso District.
32
Internal Audit Practices and Financial Performance in Public Entities. A Case Study of Masindi District Local Government.
Kiiza Dorcus, Dr Arinaitwe Julius, Omendo Vincent
internal audit practices financial performance and public entities
The performance of an internal audit department must function in a manner that is in accordance with applicable professional standards such as Standards for the Professional practice of Internal Auditing and the quality of the internal control systems. This study looks at the internal auditing practices and performance of internal audit departments. Using data from 250 auditing practitioners, this study suggests that independence, scope of audit work, audit reporting, audit programs, management of internal audit department, performance of audit work, audit reviews, objectivity and professional proficiency are important internal auditing practices from the perception of internal auditors. This study also suggests that risk assessment, control activities, control environment, information and communication and monitoring are important quality of internal control system from the perception of audit committee. From the findings, 50% of the respondents strongly agreed, 27.5% agreed, 12.5% were not sure, 10% disagreed and none of the respondents strongly disagreed with help management of the organization in its present and future growth. Provide advisory services to provide assurance to the CAO about operation had 25% of the respondents who strongly agreed, 45% agreed 5% were not sure, 10% disagreed and 15% strongly disagree. The study also shows that the management of internal audit department, performance of audit work, audit program and audit reporting significantly influence the risk assessment of the quality of the internal control system.
33
Internal Auditing Practices and Fraud Management in Organizations in Uganda, a Case Study of Stanbic Bank, Nansana Branch
Kwaga Dinnah, Irumba Alex
internal auditing practices fraud management and organizations
The study aimed at internal auditing practices and fraud management in organizations in uganda with a case study of Stanbic bank, nansana branch and it was guided by the following objectives; To examine the effect of control environment on fraud prevention in an organization, a case study of Stanbic Bank, Nansana branch, Wakiso District, to assess the effect of communication and information on fraud prevention in an organization, a case study of Stanbic Bank, Nansana branch, Wakiso District, to evaluate the effect of internal control activities on fraud prevention in an organization, a case study of Stanbic Bank, Nansana branch, Wakiso District and to analyze the relationship between internal auditing practices and fraud management in an organization, a case study of Stanbic Bank, Nansana branch, Wakiso District. This study used a research design called descriptive survey. Descriptive survey research designs were employed in exploratory and preliminary studies to permit the study to collect information, summarize, present and construe for the principal reason of clarification. From the findings, the constant 0.439, shown that keeping all other factors constant, fraud prevention of Stanbic Bank on average increased by 0.439. The coefficient 0.875 shown that a unit increase in the control environment would lead on average to 0.875 increases in the fraud prevention of an organization. The p-value (0.00) <0.05 (was statistically significant at 95% confidence level); this implied that; control environment had a significant impact on organizational fraud prevention expressed in form of customer authentication. The coefficient 0.049 shown that a unit increase in control environment on average led to 0.049 increase in sales volume. The researcher therefore recommends that Stanbic Bank should implement an effective internal auditing department to ensure that it never declines in their organizational fraud prevention.
34
Internal Control Audit Practices and Financial Performance in Organisations. Acase Study of Livercot Impex Ltd, Bweyogerere, Kampala
Nyakato Moureen, Dr Arinaitwe Julius
internal control audit practices financial performance and organisations
The study focused on internal control audit practices and financial performance in Livercot Impex Ltd. In this study the internal control audit practices (measured by risk assessment, control environment and control activities attributes) was the independent variable and financial performance (measured by profitability, sales and service delivery attributes) was the dependent variable. The study used cross sectional design which enabled the researcher to draw the samples from the population over a short period of time. The study focused on the respondents from Livercot Impex Ltd. The researcher used stratified random sampling to select the respondents from all layers in the cluster. Primary data and secondary data collection methods were used. Quantitative methods were used to collect and analyze the data. The research findings shown by correlation analysis generally indicated that there was a significant positive relationship between internal control audit practices measures (risk assessment, control environment and control activities) and the financial performance measures (profitability, sales and service delivery). From the findings, there was a high and significant positive relationship between risk assessment and financial performance since, r =.661**; p =.000 < .01. This implied that a change in the risk assessment led to a change in financial performance in the same direction. Therefore, to enhance financial performance during internal control audit practices, the company needs to ensure that risk assessment is given maximum attention. The researcher therefore wishes to recommend to the company that risk assessment should be given consideration after control activities as evidenced by the r, p and Beta values in the correlation.
35
Internal Control System and Organisational Perfomance, Acase Study of Post Bank Kakiri Branch.
Natumanya Brian, Zikusooka Enock
internal control system and organisational performance
The study sought to determine the effects of internal control system and organizational performance in post bank. Internal controls were looked from the perspective of internal control environment, monitoring and control activities. The study selected one senior manager in their finance department. The researcher administered a survey questionnaire to each of the target population since it was the most appropriate tool top gather information. quantitative analysis and qualitative data analysis were used as data analysis technique. descriptive statistics such as mean, standard deviation and frequency distribution was done by use of tables for ease of understanding and interpretation. From the findings the study concludes that control environment, monitoring and control activities had a positive relationship with the organizational performance of post bank. the study found out that a unit increase in control environment would lead to increase in organizational performance of post bank, and further a unit increase in control activities would lead to increase in organizational performance. the study recommends that management in post Bank should adopt effective internal control systems such as such as control environment, monitoring and control activities to enhance organizational performance of post bank Kakiri branch. Post Bank should implement a monitoring system that influences organizational performance. This should be through carrying out effective monitoring, proper use of resources, a continuous performance monitoring process, review of staff performance, monitoring by teams and regular performance inspections.
36
Job Rotation and Workers’ Productivity in the Public Sector, a Case Study of Kween District Local Government
Kipto Simon Kirwa, Namuyonga Rebecca
job rotation workers productivity and public sector
The study aimed at job rotation and workers’ productivity in the public sector, a case study of kween district local government and it was guided by the following objectives; To assess the effect of implementing job rotation strategy on workers’ productivity at Kween district local government, to examine the challenges of implementing the job rotation strategy at Kween district local government and to analyze the relationship between job rotation and workers’ productivity at Kween district local government. The study utilized the descriptive design used to illustrate characteristics of a sample population and it sought to answer the question ‘what’ and precedes explanatory research. From the findings, the constant 0.439, shown that keeping all other factors constant, performance of Kween DLG on average increased by 0.439. The coefficient 0.875 shown that a unit increase in the job rotation on average led to 0.875 increases in the performance of an organization. The p-value (0.00) <0.05 (was statistically significant at 95% confidence level); this implied that; job rotation had a significant impact on workers’ productivity expressed in form of workers’ timelines and the coefficient 0.049 shown that a unit increase in job rotation led to 0.049 increase in sales volume. The p-value (0.00) <0.05 (was statistically significant at 95% confidence level); this implied that; job rotation had a significant positive relationship with the workers’ productivity.
37
Land Ownership and Farm Productivity. A Case Study of Ntugamo District
Musiimenta Nancy, Sabiiti Benard
Correlation land ownership and farm productivity
The study aimed at the correlation between land ownership and farm productivity with a case study of Ntungamo District and it was guided by the following objectives;1. To determine the relationship between economic development and agricultural productivity, to assess the relationship between population pressure and agricultural productivity and to determine the relationship between land policies and agricultural productivity. The study employed a cross-sectional research design to collect both primary and secondary data at one point in time. The target population included all smallholder farming households in Ntungamo District. The sample size was determined using the Cochran formula at a 5% margin of error and confidence level of 95%. Based on this, a total sample size of 80 households was adequate for the study. Stratified random sampling technique was then used to proportionately select households from the 3 sub-counties making up the district. Economic development was a statistically significant predictor of agricultural productivity as indicated by the F-value of 55.169 and significance value of 0.000 which is less than 0.05 and the regression coefficient (B value) of 0.613 suggested that for every one unit increase in economic development, agricultural productivity increases by 0.613 units, holding other factors constant and while the t-value of 6.021 and significance value of 0.000 for economic development shown this predictor had a statistically significant impact on agricultural productivity. There should be decentralize land administration and adjudication to facilitate systematic demarcation and titling of smallholdings. This will curb disputes and clarify rights.
38
Marketing Communication and Performance of Hospitality Sector in Kampala
DISTRICT. A CASE STUDY OF GEORGINA GARDENS Nakubulwa Hasifah
marketing communication performance and hospitality sector
The study examined the impact of Marketing Communications on the performance of hospitality sector in Uganda. The objectives of the study were; examining the impact of social media marketing on the performance of hospitality sector, examining the impact of web-page marketing on the performance of hospitality sector and examining the impact of Print media marketing on the performance of hospitality sector in Uganda. The study adopted a cross sectional survey designed which employed both quantitative and qualitative approaches to data collection. Both interviews and questionnaires were administered to a sample of 86 respondents and out of 86 respondents and only 80 responded, making 93% response rate. The findings shown that the value R= 0.398, it implied that there was a week positive significant relationship between Print media marketing as the independent variable and performance of hospitality sector as the dependent variable in the amount of 39.8%. The value of r square = 0.158 implied that print media marketing had influence in the amount of 15.8% on performance of hospitality sector, while rest of 84.2% other factors that affects development of tourism in Uganda are not examined in this research. The study recommended that more hotel businesses ought to review their Marketing Communications strategies and bridge the existing gaps to gain a higher market share in the hospitality industry in Uganda. The study also recommends that hotel businesses in Uganda could adopt a hybrid of Marketing Communications activities in order to remain profitable and competitive.
39
Politics and Performance of the Media Sector in Uganda. A Case Study of Kampala District
Samulaba Ronald, Namuyonga Rebecca, Nakimbugwe Sophie
politics performance and media sector
Assessing the impact of politics on the performance of the media sector in Uganda has been an issue of discussion all over the world. Although media influence has increased tremendously in the last decade, researchers are yet to agree on the impact of politics on the performance of media. From the review the study adopted a conceptual framework developed from the libertarian theory and social responsibility theory of media reporting based on Aday Andersen (1974) & Buor (2004) with the propagation of social unrest as the dependent variable which relies on the media political incitement as the independent variable. In addition, people’s response to conflict coverage is persuaded by their level of democratization, form of media, access to information and level of political maturity as intervening variables. The study used a cross sectional survey design, applied qualitative and quantitative approaches and collected data using interviews and questionnaires. Stratified random sampling technique was applied to the study population of 209,500 people from the Kampala district from which the samples of 84 participants were selected. The study found that politics on the performance of media in Kampala district was escalated by vernacular (local) FM stations. In particular, 76.7% of the media in Kampala, publish content with hate speeches and 60.4% broadcast messages of hatred and intolerance through media platforms like Twitter, Facebook (69.4%) on a monthly basis. Most of the incitement makes most people uneasy (76.7%), resulting in social unrest (53.5%) aimed at influencing Government decisions. This was associated with the wave of murders, kidnapping as the residents (50%) were expressed dissatisfaction with the leadership (53.5%). The media however faced harassment from the police and some of the publics (58.9%) were unconformable talking to media on political issues. Government should address the political concerns of its people. More importantly, there needs to be stringent regulations including legal action and control of vernacular (local) FM stations which are prone to manipulation by political elite. This should be coupled with training of journalists on conflict reporting and development of a standard conflict reporting procedure.
40
Radio Advertisement and Success of Business Organizations in Uganda. A Case Study of UBC
Namulwa Sumini, Namuyonga Rebecca
radio advertisement success business and organizations
The study aimed at radio advertisement and success of business organizations in uganda and it was guided by the following objectives; To analyze the relationship between radio advertisement and sales volume in UBC and to examine the advertising challenges faced by UBC. The research design of this product was purely qualitative that is to say; using questionnaires. The reason behind choosing this design is because this study focuses on measuring the behavior of youths to analyze the impacts of social media on them. Youth behavior varies a lot and is highly unpredictable. From the findings, 62.5% of the respondents strongly agreed that Radio was used as a means of advertising, 37.5% agreed, non-disagreed nor were not sure. This implied that the radio was one of the means of advertising by UBC industry. The industry should choose the most effective media for advertising. A media that is affordable by many people for example radios.