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| Effect of Capital Budgeting on Development of Organizations Empirical Studies of Kashinge Child Development Centre Kisoro District.
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Alex Akankwasa,Teddy Akakikunda, Moses Ntirandekura, Caroline Masiko Murezi, Friday Christopher
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Abstract:
The purpose of the study was to establish the effect of Capital budgeting on development of organizations at Kashinge Child Development Centre Kisoro District. The objectives of the study were to establish the need for Capital Budgeting, determine the techniques to be used in capital budgeting and to find out the relationship between capital budgeting and organizational development at Kashinge Child Development Centre Kisoro District. The research used a descriptive and cross sectional research design with a combination of both qualitative and quantitative approaches in data collection and analysis. The study population was 70 respondents selected from Director, Child Development Officers, other employees, and other beneficiaries of Kashinge Child Development Centre. The research study used Focus group discussion, questionnaires and interviews. The findings established that there is a great relationship between Capital budgeting and development of organization at Kashinge Child Development Centre. Capital Budgeting is very necessary for organizational development since it facilitates effective and efficient utilization of financial resources through making good investment decisions. The management of Kashinge Child Development Centre do not have clear policies concerning with Capital budgeting and this makes financial resources utilization not effective. The study therefore recommended that: Management should always have budgets in place and that issues concerning with expenditure of funds should consider segregation of duties. This will in the long run enable the organization to achieve its targets.
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