The impact of budgetary control on manufacturing firms financial performance mogadishu-somalia

Mohamed, Ali Ibrahim (2022) The impact of budgetary control on manufacturing firms financial performance mogadishu-somalia. NeuroQuantology, 20 (6). ISSN 1303-5150

[thumbnail of 20220702084120pmNQ22476.pdf] Text
20220702084120pmNQ22476.pdf - Published Version

Download (1MB)

Abstract

The primary goal of this paper is to study the effects of budgetary planning on financial performance, as well as the impact of budgetary monitoring on financial performance and the impact of budgetary feedback on financial performance. The study's target population included 60employees from various organizations. Questionnaire was used to collect data for the study. Furthermore, the information from the findings were measured and displayed using the software program Statistical Package for Social Sciences (SPSS) (SPSS). A study's results focused on determining whether budgetary control has an impact on performanceand, if so, whether there is a link between the two. The Budget planning and financial performancewere found to have a significant relationship (p = 0.237). Budget monitoring and financial performance were also found to have a negative relationship (p = -1.03). and also discovered a statistically significant (0.916) relationship between budget feedback and financial performance. According to the findings of the study, budgetary planning and feedback are serious components of any given firm's budgetary control process. Budgetary planning is anticipated to be fully accepted by businesses as part of the budgetary control process. According to the study, commercial enterprises should identify high-priorityprograms to include in their budgets in orderto gain a competitive advantage over competitors. When variances are reported, management should take corrective action because they are rapidly suitable a somewhat effective and efficient way of providing budget feedback. Because it can affect the firm's performance, the top administration should hold budget conferences to review performance

Item Type: Article
Subjects:
Divisions: Faculty of Accountancy > Department of Accounting
Depositing User: Center for Research and Development SIMAD University
Date Deposited: 22 May 2024 13:21
Last Modified: 22 May 2024 13:21
URI: https://repository.simad.edu.so/id/eprint/87

Actions (login required)

View Item
View Item