Assessing the Effectiveness of Budget and Budgetary Control on the Financial Performance of Public Sector Organization in Ghana. (A Case Study of Bawku West District Assembly)
| dc.contributor.author | Osman Akugri | |
| dc.date.accessioned | 2024-01-12T10:01:06Z | |
| dc.date.available | 2024-01-12T10:01:06Z | |
| dc.date.issued | 2023 | |
| dc.description | A thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology, Kumasi in partial fulfillment of the requirements for the award degree of master of science accounting and finance | |
| dc.description.abstract | Budgeting preparation, implementation, monitoring, and control are some of the most important activities that have great importance in the techniques used for planning and monitoring activities and all the administrative and financial functions of the organization. The study aimed at evaluating the role of budgeting in Public Sector Organizations in Ghana. It intended to achieve the following objectives to evaluate the budget preparation and planning activities to determine how the process affects the financial performance of the Bawku West District Assembly, to analyze the budget implementation process to determine how it affects the financial performance of the Bawku West District Assembly, to examine how budget monitoring and control is done and its influence on financial performance of the Bawku West District Assembly, to investigate challenges affecting effective budget and budgetary control systems on financial performance in Bawku West District Assembly The study used a case study design and data were collected using interviews and questionnaires through which primary data were collected from a total of 41 employees of Bawku West District Assembly. Data were analyzed using quantitative methods. The content analysis method was used to analyze collected data for research questions. The study found that budget preparation plays a significant role in ensuring that an organization's financial and other resources are protected. Budget implementation is also another important aspect of budgeting which is interlinked with budget preparation to ensure the effective performance of budgets in Public Sector Organizations. Timely implementation of budget helped Public Sector Organizations to meet targets efficiently and effectively. Moreover, the effective usage of monitoring and control systems was found to be satisfactorily performed in tracking the budget-planned activities about organizational goals and targets. However, some challenges are still faced in the budget and budgetary process slowing the organization's performance. The study concluded that budgeting plays a very significant role in influencing the financial performance of Public Sector Organizations. Finally, the study recommended that Public Sector Organizations should prepare, implement, and control budgets timely, information relevant to budgeting should be shared with all people responsible for the budgeting process, and compliance with laws, guidelines, rules, and procedures. | |
| dc.identifier.uri | https://ir.knust.edu.gh/handle/123456789/15057 | |
| dc.language.iso | en | |
| dc.title | Assessing the Effectiveness of Budget and Budgetary Control on the Financial Performance of Public Sector Organization in Ghana. (A Case Study of Bawku West District Assembly) | |
| dc.type | Thesis |