Accounting Information System And Financial Performance Of Savings And Credit Cooperatives (Saccos), A Case Study Of Kasanda Sub - County Mubende District

ABSTRACT

I he Study was driven by the general objective (purpose) to find out the effect of accounting

information system on financial performance of SACCOs in Kasanda Sub County, Mubende

I )istrict.

!he study was guided by the following objectives; to find out the components of accounting

information system, effect of accounting infonnation system on financial performance of

S/CCOs and establish the qualities effective accounting information system in SACCOs

n1c study covered Kasanda Sub County Mubende district and it was conducted only on

accounting information system and financial performance of SACCOs.

!'lie study was both descriptive and explanatory in nature based on the data collected. Both

qualitative and quantitative data was collected and used to find out the effect of accounting

information system on financial performance ofSACCOs.

1'!1e population of the study was 58 people whereas the sample size was obtained as 50by the

help of Sloven's formula n= N/l+N (ef

Purposive method was used while selecting respondents. Data collected was presented,

analyzed and interpreted with the help of micro soft word and Ms excel packages.

I he effect of accounting information system was found to be relatively favorable (positive)

where accounting information system has defined qualities such as timeliness, accuracy, cost

c ffccti ve and high output as well appropriate components such as qualified staff, control and

checks, process and procedures and right technology.

Recommendations were made for instance, to employee qualified and experienced staff who

may can-yout proper forecasts, plans, and implementation and make necessary corrections to

meet SACCO objectives. Installation of a full computerized accounting infonnation system to

mitigate problems of manual accounting systems proper segregation of responsibilities to prevent individuals from sealing illegal acts such as frauds. I .astl y but not least possible future research areas were highlighted by this study.