Budgetary Control and Performance in Public Corporations in Osun State

Olaoye, Festus Oladipupo; Ogunmakin, Adeduro Adesola

doi:10.9790/0837-19745962

Cited by 3 publications

(3 citation statements)

References 2 publications

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“…This implies that there are mechanisms in place to ensure that public funds are properly utilized. This is consistent with Olaoye & Ogunmakin (2014) that Governments use budgets as a guiding tool for planning and control of resources. Results also reveal that respondents are not sure of the existence of a budgetary monitoring framework for effective use of public funds (Mean = 3.56, Standard deviation = 1.021).…”

Section: 74 1123supporting

confidence: 88%

“…The results further indicate that the relationship between budgetary controls and working capital management is positive and significant at 1% level (r= 0.446, p value 0.000). This is consistent with Olaoye & Ogunmakin, (2014) that budget plans and monitoring systems help organizations to exercise control over people, revenues and costs and ensure efficient use of organizational resources. The relationship between control activities and working capital management is insignificant.…”

Section: 74 1123supporting

confidence: 79%

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Internal Financial Controls and Working Capital Management in Public Universities in Uganda: A Case Study of Makerere University Kampala

Nzibonera¹,

Ninsiima²

2020

IJBA

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The objective of the study is to examine the extent to which internal financial controls affect working capital management in Public Universities in Uganda. Working capital is vital for running of institutions because it provides the financial liquidity needed to effectively manage day-today operations. A cross-sectional research design was adopted using a quantitative approach. Data was collected from staff of Finance and Internal Audit Directorates, and heads of Departments, Schools and Colleges of Makerere University using a self- administered closed ended questionnaire. Empirical data was analyzed using descriptive statistics, Pearson’s correlation and regression tests. Findings indicate that the elements of internal financial controls which include; the control environment, risk assessment process and budget control have a positive and significant effect. The effect of control activities is not statistically significant. Therefore, Public Universities should strengthen financial control policies and procedures, risk assessment processes and budgetary control mechanisms to effectively manage working capital.

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Section: 74 1123supporting

confidence: 88%

Section: 74 1123supporting

confidence: 79%

Internal Financial Controls and Working Capital Management in Public Universities in Uganda: A Case Study of Makerere University Kampala

Nzibonera¹,

Ninsiima²

2020

IJBA

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“…This by implication affected the timely implementation of budget which has over time in Nigeria limited the performance of budget as its accomplishment has been very doubtful in government parastatals (Olurankinse, 2012). Again, the untimely delivery of monthly returns to the office of the Auditor General of the Federation (OAGF) by ministries, departments and agencies has also posed inadequate monitoring and evaluation of the performance of the budget and consequently causing delayed publication of the budget; these have further made the accomplishment of budget far reached thereby occasioning worsening level of financial impropriety in Nigerian government parastatals (Olaoye & Ogunmakin, 2014). Although numerous studies have been carried out in the discussion of budget and public sector performance; however, most studies observed in literature opine that the association between budget and financial accountability cannot be ascertained (Alade, Owabumoye, & Olowookere, 2020;Ironkwe & Okiakpe, 2017;Umeileka, 2013).…”

Section: Introductionmentioning

confidence: 99%

The Influence of Budget and Financial Control in Selected Government Parastatals in Nigeria

Ezekiel¹,

Obafemi²

2021

2641-0249

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The study examined budget and financial control in selected government parastatals in Nigeria. The survey research design was adopted in the study. Primary data was obtained using a well-designed questionnaire. Data gathered in the study was analyzed using descriptive, correlation analysis, logit regression analysis and other post estimation tests. Findings obtained in the study indicated that budget preparation exerts insignificant positive impact on financial control in Nigerian government parastatals with coefficient estimate of .034178 (p=0.195> 0.05); budget implementation exerts insignificant positive impact on financial control of Nigerian government parastatals with coefficient estimate of .0082354 (p=0.750> 0.05) and budget monitoring and evacuation exert insignificant positive impact on financial control, with coefficient estimate of .0468773 (p=0.234> 0.05). Premise on these findings, the study concluded that financial control on the average tends to increase as government parastatals experience effectual budget performance, with more budget preparation, implementation and monitoring and evaluation as opposed to the usual neglect of budget after implementation. Hence, it was suggested that government should ensure improvement in budget design; government should ensure adequate budget monitoring procedure and government should ensure viable budget evaluation procedure.

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Budgeting/budgetary control system and institutional effectiveness in universities in Kwara state, Nigeria

Shuaib

Olanrewaju

2020

Journal of Educational Research in Developing Areas

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Introduction: The study examined the relationship between budgeting/budgetary control system and institutional effectiveness in Universities in Kwara State, Nigeria. Purpose: The purpose of the study was to examine the impact of budget committee, budget implementation, value for money check and internal audit check on institutional effectiveness in universities in Kwara State. Methodology: Two researchers' questionnaires were designed to collect data from sampled respondents; they were 'Budgeting/Budgetary control System Questionnaire (BBCSQ)' and 'Institutional Effectiveness Questionnaire (IEQ)'. The instruments were validated by two experts to ascertain the content validity while the reliability of the instruments was determined using Cronbach Alpha statistics, thus, the reliability coefficients were found to be 0.83 and 0.76 respectively. Four universities were randomly sampled out of the six accredited universities in Kwara State. The selection represented 67% of the total population. The respondents were the staff of the bursary department of the sampled universities and 110 respondents were determined out of the 290 targeted population using proportional sampling technique. The data collected were analyzed using SPSS version 21.0 at 0.05 level of significant using PPMC while descriptive statistics of means and standard deviation were used to answer the research questions raised in the study. Results: The result of the study revealed that there was a significant relationship between budgeting/budgetary control system and institutional effectiveness in Universities in Kwara State (r. value=.578> t. value=.000). Recommendations: It was recommended among others that budget committee should be composed of experienced and well versatile members in the field of accounting and finance to enhance their performance and overall effectiveness in the system.

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Budgetary Control and Performance in Public Corporations in Osun State

Abstract: and Water . It is the opinion of this research to recommend that the budgeting process in those corporations needs a re-engineering to reflect the true picture of their fiscal ability and to be a guide to action and performance.

Cited by 3 publications

References 2 publications

Internal Financial Controls and Working Capital Management in Public Universities in Uganda: A Case Study of Makerere University Kampala

Internal Financial Controls and Working Capital Management in Public Universities in Uganda: A Case Study of Makerere University Kampala

The Influence of Budget and Financial Control in Selected Government Parastatals in Nigeria

Budgeting/budgetary control system and institutional effectiveness in universities in Kwara state, Nigeria

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