Accounting Concepts And Decision Making In Financial Institutions: A Case Study Of Rukiga Sacco.
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Date
2025-10-13
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Uganda Christian University
Abstract
Abstract
The study took into account decision making and accounting ideas in financial institutions case study of Rukiga SACCO. It was based on the following concrete Objectives; to examine the influence of reliability on financial institutions decision making at Rukiga SACCO, to research the influence of completeness on financial institutions decision making at Rukiga SACCOSACCO and to ascertain the relation between concepts of accounting and financial institutions decision making at Rukiga SACCO. It employed a mixed-methods study that synthesized both qualitative and quantitative approaches. This study used a case study research design. The study was conducted among the employees, SUPCO members and Board members of Rukiga SACCO. The researcher used 70 respondents from the total population of 85 Rukiga SACCO stakeholders. Among the sampled respondents, 52 were employees, 16 were SUPCO members and 17 were Board members. The study employed both non-probability and purposive sampling design with the quota sampling technique. Slovene sample size calculation method was used in order to obtain the required sample. The researcher made use of questionnaires and interviews as a tool or methodology through which information was gathered. Questionnaire information was coded, keyed into computer utilizing Microsoft Excel computer programme, then percentages and frequencies calculated. The findings indicated that true financial statements indicate the actual financial standing and creditworthiness of a borrower and this allows Rukiga SACCO to make realistic choices in lending, interest and repayment period this was 21% of the respondents. The findings also indicated that completeness in accounting for revenues and expenses allows Rukiga SACCO to accurately determine profitability and operational efficiency as indicated by 24%. Accounting principle dictates that revenues and expenses should be accounted for when they are earned or incurred rather than when cash is expected to change hands as indicated by 19% quoted. The researcher recommends that Rukiga SACCO should conduct its accounting process from time to time in order to identify any flaws or loopholes that would lead to poor financial data.
Description
KYOMUGISHA WITNESS
M23/BBUC/BBA/011
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APA