مقالة علمية
Examining the Effect of Budgetary Controls on the Financial Performance of Oman Telecommunication Company

AL Mahroqi, Raya Mohammed.


 

Examining the Effect of Budgetary Controls on the Financial Performance of Oman Telecommunication Company

AL Mahroqi, Raya Mohammed.

Purpose: The objectives of the study were to analyze the different budgetary control techniques that affect and how it affects the financial performances; to determine the ways of effective budgetary control affecting the financial performances and to identify and to evaluate the roles of top management in budgetary control techniques of the Oman Telecommunications Company. Design/methodology/approach: A questionnaire was prepared for collecting the survey. The respondents were the employees of the financial department and also officials and supervisors from other departments of the Oman Telecommunications Company. The questionnaires were distributed to 60 members and the data collected was analyzed using Microsoft Excel to obtain the frequencies, percentages, and descriptive analysis. Findings: The results indicated that there is a positive relationship between budgetary control and the financial performance of the company. The results also indicated that the company preferred the Responsibility accounting technique, Revenue budgeting technique, and Variance analysis technique. It is also reported that the management is informed of the deviations regularly, and the managers take timely corrective measures. It was found that the top management is aware of the importance of budgetary control techniques and supports them. Research limitations/implications: From the results, it was recommended that the company should give prior attention to developing budgetary control through proper planning, ensure continuous evaluation of comparative analysis of actuals vs. budget. It was also suggested that the company introduce enterprise resource planning (ERP) as the monitoring will become easy for the financial management in ensuring the productivity of the employees in the budgetary control process. Social Implications : The study will allow financial managers in various companies to understand the serious nature of budgetary control techniques, their importance, and the extent of the impact which in turn will help them to improve efficiency in achieving financial performances. Originality / Value: No study was carried out before to study the impact of budgetary control on the organizational performance of Oman Telecommunication Company. This is a maiden attempt.

Purpose: The objectives of the study were to analyze the different budgetary control techniques that affect and how it affects the financial performances; to determine the ways of effective budgetary control affecting the financial performances and to identify and to evaluate the roles of top manage...

مادة فرعية

المؤلف : AL Mahroqi, Raya Mohammed.

مؤلف مشارك : Matriano, Maria Teresa

بيانات النشر : International Journal of Research in Entrepreneurship & Business Studies، يوليو 2021مـ.

التصنيف الموضوعي : العلوم الاجتماعية|الاقتصاد .

المواضيع : Telecommunications industry - Sultanate of Oman.

Telecommunication Companies - Sultanate of Oman.

رقم الطبعة : 3

لا توجد تقييمات للمادة