Browsing by Author "Okello, Nelson"

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    Cash Flow Management and Sustainability of Small Medium Enterprises (SMEs) in Northern Uganda
    (International Journal of Social Science and Economics Invention (IJSSEI), 2015-08) Uwonda, Gilbert; Okello, Nelson
    In Uganda SMEs are viewed as seedbeds for growth of new firms and vehicles for poverty reduction. Deterioration in growth and failures in SMEs have been linked to poor cash flow management, This study sought to examine how cash flow management influences sustainability SMEs in Northern Uganda. The research adapted a cross sectional study. A sample of 120- SMEs was selected using stratified sampling. Self administered questionnaires, designed for this study, were filled in by SME managers and the data analyzed using frequency tables, custom tables, Correlation Analysis and Multiple Logistic Regression. The study revealed limited application of cash flow management by SMEs in Northern Uganda, especially cash flow projection; tax planning; budgetary control and interpreting financial statements. As a result the study noted that most SMEs had declining levels of long-term solvency and growth. Finally the study
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    Cash flow management utilization by Small Medium Enterprises (SMEs) in Northern Uganda
    (Merit Research Journal of Accounting, Auditing, Economics and Finance, 2013-10) Uwonda, Gilbert; Okello, Nelson; Okello, Nicholas G.
    In Uganda, SMEs are considered as seedbeds for the growth of new firms and important machineries for poverty reduction through wealth and job creation, income generation as well as drivers for innovation. Cash flow management has been sighted as a nucleus of any business entity for short and long-term survival. Failures in many SMEs have been linked to inadequate cash flow management, which compromises their sustainability by denying them the revenue stream needed to grow. This study sought to establish the extent to which SMEs utilize cash flow management, which is an important factor that influences financial performance of a number of service sectors of SMEs. The research adapted a cross sectional exploratory study. Data from a sample of 120-service sector SMEs were collected and analyzed. The study highlighted limitations in utilization of cash flow in SMEs especially in areas like cash flow projection; tax planning; and budgetary control; determination and interpreting financial statements. Further, utilization of redundant fixed assets, inability to offer cash and early discounts, failure to prepare bank reconciliation and poor credit policies were other concerns for SMEs. For SMEs to reach their potentials, they must design business plan, prepare cash flow projections and cash budgeting; ensure budgetary control, internal control system and control their spending habits; and improve on their credit policies.