Budget plan and internal control in selected telecommunication companies in Mogadishu, Somalia
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Date
2012-01
Authors
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Publisher
Kampala International University, College of Economics and Management
Abstract
The study was guided by the following research objectives, (I) objective was to determine the profile of the respondents in terms of age, gender, qualification, experience, and the positions in the telecommunication companies, (II) objective was to examine the extent of the budget plan in selected telecommunication companies, (III) objective was To determine the level of internal control of the telecommunication companies, and (IV) objective was to establish if there is significant relationship between the extent of the budget plan and the level of internal control of the telecommunication companies in Mogadishu, Somalia. The study was conducted through descriptive correlation research design, quantitative approach with questionnaire and includes 110 respondents from selected telecommunication companies in Mogadishu, Somalia. The study utilized the descriptive statistics frequencies and percentages, tables were used in the presentation of data. And also Pearson’s Product Moment Correlation Coefficient was applied to test correlation between budget plan and internal control. The researcher find out that the budget plan and internal control in selected telecommunication companies are significantly correlated and the relationship between them is strong relationship. Regarding the level of effectiveness of the budget plan and the degree of internal control, methods applied was some extent good as indicated the mean index and standard deviation. The researcher recommended that the telecommunication companies should establish effective channels of communication to ensure that all staff is fully aware of policies and procedures affecting their duties and responsibilities and that other relevant information is reaching the appropriate objectives of the company.
Description
A thesis presented to the School of Postgraduate Studies and Research Kampala International University Kampala, Uganda in partial fulfillment of the requirements for the degree Master of Business Administration
Keywords
Budget plan, Internal Controls, Telecommunication companies, Somalia