dc.description.abstract | The study was carried out at Bbira Vocational Institute and it purposed on examining the
effect of internal controls on financial performance of technical institutions. The study
objectives were to; examine the effect of control environment on financial performance of
Bbira Vocational Technical Institute, assess the effect of control activities on financial
performance of Bbira Vocational Technical Institute and establish the effect of monitoring
activities on financial performance of Bbira Vocational Technical Institute. The study
backed up its theoretical reference from the Agency Theory
A quantitative approach was used adopting a case study design to collect and interprete the
data. A total of 60 participants were involved and these included teaching staff, non teaching staff, head of departments, staff in finance and administration. Questionnaires
were used to collect data. Data was analysed using Statistical package for social scientists
(SPSS) and extracted from SPSS in form of frequencies, percentages, mean, standard
deviation and correlations. Results are presented in graphs, figures, tables and descriptive
statements.
Findings show that environment controls, control activities and control of monitoring
activities dimensions of internal controls positively affect financial performance. Internal
control affected liquidity by (r= 0.294), profitability by (r = 0.338) and reporting (r =
0.276). Control activities positively related with liquidity (r = 0.091), profitability (r =
0.447) and with reporting (r = 0.389) while monitoring activities also related with liquidity
(r = 0.291), profitability (r = 0.094) and also with reporting (r = 0.299). Thus internal
controls significantly affect financial performance of technical institutions in Uganda | en_US |