ABSTRACT
The research was concluded at Gaaga Bus Company Kampala branch in Kampala city
located at Arua Park Wilson road, under the topic the impact of internal control systems
on the management of cash in transport service providers.
However, it is evident that there existed the problem of fraudulent transactions and
frequent mismanagement and misappropriation of cash .since it is difficult for the
company owners to know when bills came in and payments were received.
The main objectives of the research were to determine the whether the company has
strategies for management of cash, investigate the effects of internal control systems on
the management of cash at Gaaga Bus Company, to determine the relationship
between internal control systems and cash management and finally to find out problems
faced in management of cash at Gaaga Bus Company.
Censoring was the method used in selecting the research data that was needed. The
total population under the study was 150 where 30 were booking clerks, 3 were parcels,
65 were cargo charging clerks, 50 conductors, and 2 accountants. However out of 150
respondents only 109 actively participated and helped to answer the questionnaires
where reliable and relevant information was obtained. The age group, marital status,
gender, educational background, and occupation of the respondents were also taken
into consideration in order to come up with clear and classical information.
Result of the study showed that Gaaga Bus Company has strategies such as
computerized accounting systems, disciplinary, fraud control and prevention committee,
proper recording f transactions, and committee for planning and organizing for training.
It was also discovered that effects of internal control systems like better systems of
accounting, safety of cash, increased returns, restricted access to cash, and reduced
risk of theft and risk of loss were evident in the company.
The study also revealed that the two variables of the study (internal control systems and
management of cash) have positive relationship with high significant relation 0.01 and
Pearson correlation 0.326.
FLORENCE, W (2021). Internal Control System On Management Of Cash In Road Transport Service Providers A Case Of Gaaga Bus Company Kampala Uganda. Afribary. Retrieved from https://afribary.com/works/internal-control-system-on-management-of-cash-in-road-transport-service-providers-a-case-of-gaaga-bus-company-kampala-uganda
FLORENCE, WADIKO "Internal Control System On Management Of Cash In Road Transport Service Providers A Case Of Gaaga Bus Company Kampala Uganda" Afribary. Afribary, 04 Jun. 2021, https://afribary.com/works/internal-control-system-on-management-of-cash-in-road-transport-service-providers-a-case-of-gaaga-bus-company-kampala-uganda. Accessed 09 Oct. 2024.
FLORENCE, WADIKO . "Internal Control System On Management Of Cash In Road Transport Service Providers A Case Of Gaaga Bus Company Kampala Uganda". Afribary, Afribary, 04 Jun. 2021. Web. 09 Oct. 2024. < https://afribary.com/works/internal-control-system-on-management-of-cash-in-road-transport-service-providers-a-case-of-gaaga-bus-company-kampala-uganda >.
FLORENCE, WADIKO . "Internal Control System On Management Of Cash In Road Transport Service Providers A Case Of Gaaga Bus Company Kampala Uganda" Afribary (2021). Accessed October 09, 2024. https://afribary.com/works/internal-control-system-on-management-of-cash-in-road-transport-service-providers-a-case-of-gaaga-bus-company-kampala-uganda