School of Business (SB) Collections

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http://10.29.1.53:4000/handle/10570/172

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Browsing School of Business (SB) Collections by Subject "Accounting practices"
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    Analyzing the adoption of accounting practices in small businesses. A case study of traders in Kikuubo trading centre in Kampala, Uganda
    (Makerere University, 2024-10) Nassozi, Robinah
    The aim of the study was to examine the accounting practices adopted by traders in Kikuubo. The objectives of the study included assessing the prevailing accounting practices adopted by small businesses in Uganda, identifying the challenges of implementing accounting practices in small businesses, and providing recommendations for increasing the adoption of accounting practices in small businesses. A sample of 379 traders in Kikuubo trading center in Uganda was considered. The majority of respondents were male, while females represented a smaller portion of the sample. The largest proportion of respondents fell within the 36-40 years age group. A majority of respondents did not use internal controls such as stocktaking and issuing receipts to protect assets and minimize losses. The findings indicated that while small businesses in Uganda utilized various accounting practices, many still relied on informal methods and faced significant challenges in implementing more structured approaches. Key obstacles included limited financial resources, a lack of basic accounting knowledge, complex regulatory requirements, and inadequate access to technology. Despite these hurdles, there was a clear opportunity for improvement through targeted recommendations, such as providing affordable accounting software, enhancing financial literacy, and establishing support systems like business advisory centers and peer learning networks. Strengthening the enforcement of accounting regulations could also foster a more compliant and financially aware business environment. The study recommended implementing comprehensive financial literacy initiatives tailored for small business owners. Further studies should focus on longitudinal research to assess the long-term impacts of implemented recommendations on the adoption of accounting practices among small businesses, as tracking changes over time could provide deeper insights into effectiveness and sustainability. Additionally, further studies should explore comparative studies across different regions or countries to identify how varying economic, cultural, and regulatory environments influenced the adoption of accounting practices.
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    An assessment of accounts receivable management practices at M-KOPA solar Uganda Limited
    (Makerere University, 2017-06) Mulindwa, Peter
    The purpose of the study was to assess the accounts receivable management practices at M-KOPA solar Uganda Limited through evaluation of the accounts receivable management practices and challenges between October 2014 and December 2015. The study adopted a cross sectional research design and applied a quantitative research approach to obtain data from a sample of M-KOPA staff and customers that purchased M-KOPA Solar products on credit between October 2014 and December 2015 used in the analysis and interpretation of findings. The sample size for the customers that purchased the M-KOPA Solar product on credit was 385 based on the equation developed by Cochran (1963:75) while Simple random sampling was used to select the sample of the company employees. The study used both primary and secondary data sources using a structured questionnaire administered to the staff of M-KOPA Solar Uganda and Customers. The study adopted credit extension policy, credit collection policy and control and monitoring as practices of accounts receivable management practices. Based on the findings, the firm was ineffective following up with customers that defaulted on their payments due to laxity in the appraisal process that neglected other key factors (5Cs) considered before granting credit. Payment reminders were uniform yet customers needed assistance from the collection staff to enable them make payments. The absence of a credit committee encouraged defaulting influenced by a shortage of collection staff at the selling points distant from customers‟ residences. Timely access to credit balances and inability to provide light promptly after making payments highlighted shortages with the billing system. It was recommended that M-KOPA Solar Uganda strengthens its appraisal procedures ensuring strict compliance to stringent client appraisal procedures applied in financial institutions. Similarly, the firm should frequently update the internal billing system and employ more collection officers per selling point to effectively meet the collection purpose for the company. Finally, the firm should consider restructuring their distribution to bridge the gap between customers and the company.