TABLE OF CONTENTS
DECLARATION
APPROVAL
I)FDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENTS v
LIST OF TABLES ix.
LIST OF FIGURES x
LIST OF ABBREVIATIONS xi
ABSTRACT xii
CFIARPTER ONE
INTRODUCTION 1
1 .0 lni.roduction 1
1.1 Background of the study (historical perspective) 1
1.2 Statement of the problem 2
1.3 General objective of the study 3
1 .4 Specific objectives of the study 3
1.5 Research Questions 3
1.6 Scope oiswd~ 3
1.6.1 Geographical scope 4
1.6.2 Content Scope 4
1.6.3 Time Scope 4
V
1 .7 Significance of the study .4
1.8 Operational Definitions of Terms 4
1 .9 Conceptual framework .. 6
CHAPTER TWO 8
REVIEW OF RELATED LITERATURE 8
2.0 Introduction 8
2. I Understanding budget and budgeting S
2.1.1 Ethical Issues in Budgeting 10
2.1 .2 Budget Relative to Time 11
2.2 Functions of a Budget 11
2.3 Roles of Budgeting 12
2.4 Budgeting as a measure of financial performance 15
2.5 The relationship between budget and financial performance 17
CHARPTER THREE 19
METHODOLOGY 19
3.0 Introduction 19
3.1 Research design 19
3.2 Area of the study 19
3.3 Population of the study 19
3.4 Sample size 20
3.5 Data collection sources 21
vi
3.6 Research instruments .21
3.7 Data collection methods 21
3.8 Data analysis and Presentation 22
3.8.1 Data analysis 22
3.9 Presentation of data 22
3.10 Validity and Reliability of instruments 23
3.10.1 Validity of instruments 23
3.10.2 Reliability of Instruments 23
3.1 1 Limitations of the study 23
CHARPTER FOUR 25
DATA PRESENTATION, ANALYSIS A51) DISCUSSION OF THE FIN1)INGS 25
4.0 Introduction 25
4.1 Bio data for respondents 25
4.1.1 Gender of respondents 25
4.2 Age of the respondents 26
4.2.1 Department of operation 30
4.3 Findings on the meaning of the term budgeting 34
CHAPTER FIVE 44
SUMMARY, CONCLUSION AND RECOMMENDATIONS TO THE FINDINGS 44
5.0 Introduction 44
5.1 Summary of the major findings 44
ABSTRACT The study was to establish the impact of budgeting on the financial performance of MFIs in Uganda. Objectives of the study were; to assess the effects of budgeting on the financial performance of MFJs in Uganda, to establish the relationship between budgeting and fin~ncial performance of MFIs in Uganda. And to find out whether budgeting is a measure of financial performance in MFTs in Uganda. The study population included company workers from departments ofi Human resource. Procurement, Sales and marketing, Production and operations and Finance department. The qualitative research design was employed. The sample size comprised of a representative sample of 30(60) employees in total with a sample selection of 8 from the human resource, 3 from procurement, 8 from production and operations, 9 from sales and marketing and from the finance department. Therefore, the researcher used 30 employees. The researcher recommended that embracing external completion in order to promote innovation by not protecting local MFIs, Societies support for MFIs should be continued because support is critical in improving motivation for potential investors and the government should give tax holidays to emerging MF1s to encourage many people to open up their own MFIs.
