Internal Control Systems And Cash Management A Case Study Of Family Diet Limited, Gayaza .Kampala

ABSTRACT

The study aimed at exploring the relationship between internal control systems and Cash

management using Family Diet Limited as a case study. A sound internal control system is

important as it enables an organization to can-yon business in an orderly manner, safeguards the

organization's assets and ensures completeness and accuracy in their records to achieve high

perforn1ance.

The study documented and evaluated the adequacy of internal controls and its perf01mance at

Family Diet Limited by comparing them with a sound theoretical framework and thereafter

offering recommendations for any improvement. Both primary and secondary teclmiques of data

collation were used.

During analysis of data, quantitative, qualitative and descriptive techniques such as graphs, pie

charts were used. Controls in the areas of cash, wages and salaries, debtors were examined. The

data was eventually analyzed by comparing with an ideal system which exhibited that some

controls were weak and other strong.

For an effective and sound internal control system which will ensure organizational good

performance, the research recommended that the company should review its existing control measures and come up with a workable plan to reinforce them.