Budgetary Controls and Financial Performance of Manufacturing Companies in Mombasa County, Kenya

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dc.contributor.advisorSamson Kaplelachen_US
dc.contributor.authorBironga, Laura Kweng’e
dc.date.accessioned2022-03-28T10:35:12Z
dc.date.available2022-03-28T10:35:12Z
dc.date.issued2021
dc.descriptionA Research Project Submitted to School of Business in Partial Fulfillment of a Degree of Masters of Business Administration (Finance Option) of Kenyatta University, July, 2021en_US
dc.description.abstractThe manufacturing sector is expected to carry out a critical role in realisation of Kenya’s Vision 2030 through the creation of employment opportunities and wealth. In the manufacturing sector, high levels of technology and production systems are required, which usually requires enormous large financial resources and hence the need to adopt robust flexible budgets to enhance their financial performance. However, despite the importance of coming up with budgets when planning to achieve the company’s objectives, manufacturing firms do not have adequate budgetary controls to realize substantial financial performance. The researcher seeks to evaluate effect of budgetary controls on the manufacturing firms’ financial performance in Mombasa County. Specific objectives were to evaluate effects of budget planning, budget committee, budget M&E on financial performances of manufacturing firms in Mombasa County. Additionally, the researcher deployed priority based budgeting theory, budget control theory as well as goal setting theory. Additionally, the study utilised descriptive research design. Moreover, study population was finance managers in 44 manufacturing firms of Mombasa County registered under KAM. Census approach was used as the study population was considered small. The study ensured privacy of information obtained by locking research tools in secure room and allowing authorized individuals only to enter the room. The research employed primary data that was gathered by use of structured questionnaires. It generated qualitative as well as quantitative data. The qualitative data was analysed using thematic analysis and findings presented in a narrative form while the quantitative data utilised descriptive and inferential analysis that was conducted using SPSS version 22. Descriptive statistics as well as inferential statistics was used. Results were presented in figures and also tables. The study therefore concluded that budgetary controls which were analysed using budget planning, budget committee and budget M&E had significant positive influence on manufacturing companies’ financial performance within Mombasa County. This study therefore recommended that manufacturing firms ought to ensure proper record keeping for future reference during budget planning to facilitate in-depth analysis of the available resources and come up with a good budget plan aimed at increasing profitability of the firm and also ensure that all the committee members take part in budget setting process.en_US
dc.description.sponsorshipKenyatta Universityen_US
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/23365
dc.language.isoenen_US
dc.publisherKenyatta Universityen_US
dc.subjectBudgetary Controlsen_US
dc.subjectFinancial Performanceen_US
dc.subjectManufacturing Companiesen_US
dc.subjectMombasa Countyen_US
dc.subjectKenyaen_US
dc.titleBudgetary Controls and Financial Performance of Manufacturing Companies in Mombasa County, Kenyaen_US
dc.typeThesisen_US
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