The Effect of Budgetary Control System on Organizational Effectiveness: A Case Study in Some Selected Ethiopia Commercial Banks
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Date
2022-06-04
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A.A.U.
Abstract
The general objective of this study is to examine the impact of budgetary control system on organizational effectiveness of the banking sectors in Ethiopia. The methodology to carry out this study, the findings and recommendation are stated briefly as follows: the researcher used explanatory research method. And he used also quantitative research method for nature of data he would collect. Moreover, primary and secondary source of data were applied using structured questionnaires and periodical reports of the bank respectively for data analysis purpose. The Finance managers, supervisors and accountants in accounting and finance departments and auditing department, and Departmental managers, supervisors, other staffs in budget offices of 10 banks were the sampling frame of this study. Descriptive statistics and inferential statistics were be used for data analysis too. The findings of the study revealed that there is positive impact of budgetary control system on organizational Effectiveness, Assignment of the right person on the right position, Job Satisfaction, High performance working, efficient utilization of resources, Organizational competitiveness and operational Efficiency. Finally, the researcher comprehends this study reveals some sort of understanding on the relationship between budgetary control system and organizational effectiveness especially in Ethiopian commercial banks, so he recommends that all commercial banks in Ethiopia should strengthen their budgetary control system as it is the core mechanism to bring their banks effectiveness.