Browsing by Author "WANGAMWANA LABAN"

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    Analysis of the effect of budgetary control on financial performance of small and medium enterprises (SMEs) in Bubutu Town Council, Namisindwa District
    (Uganda Christian University, 2025-10-22) WANGAMWANA LABAN
    Improving financial performance of SMEs is one of the serious challenges threatening their continued existence and no attention has been given the role of budgetary control improving financial performance of SMEs. This study analyzed the effect of budgetary controls on financial performance of SMEs in Bubutu Town Council, Namisindwa district. Specifically, the study will look at the effect of setting standards on financial performance and measuring performance on financial performance of SMEs in Bubutu Town Council, Namisindwa district. The study will also investigate the effect of continuous monitoring on financial performance of SMEs in Bubutu Town Council, Namisindwa district. Data was collected from 80 respondents in the study area and data was collected using questionnaires and interviews. Study participants were identified using probability and non-probability sampling. Descriptive study design was employed with the help of qualitative and quantitative approaches and quantitative data was analyzed using both descriptive and inferential statistics and the Mean while qualitative data was analyzed using thematic analysis. Findings revealed that SMEs with consolidated subsidiaries achieve uniformity of control and setting standards also bring down costs of doing business. Additionally, standard setting help SMEs improve financial reporting as per the findings. And an edge over competitors. Findings also indicate that setting standards improves SMEs access to foreign capital and standards helps SMEs to strengthen accountability mechanisms. Findings also revealed that performance measures improve efficiency of SMEs. And financial performance measures help SMEs to improve understanding of customer demands and measuring performance ensures smooth material flow at economical cost and firm performance is essential for improving change management including play an integral part in financial control systems. Findings further show that monitoring provides SMEs with valuable information that improves decision making process and monitoring promotes formative evaluation of SMEs for enhanced financial performance. Through monitoring, according to the findings, SMEs adopts practices that add value to their products and continuous monitoring improves risks control systems including helping SMEs in developing responsive policies for enhancing performance. the study recommended that government should provide enabling environment that fosters the growth and operation of SMEs and For improved financial performance, SMEs should effectively utilize resources at their disposal and monitor progress to established benchmarks. Other recommendation included Bubutu Town Council should give SME tax waivers so as to promote their operation and growth