The Relationship Between Credit Risk Management Practices and Financial Performance Among Commercial Banks in Kenya

Abstract

This research study was based on the purpose of investigating integrated financial management information system and budgetary control practices by the county government of Siaya. The main objective is directed towards determining the impacts of IFMIS on quality of budgetary control. The study is of great significance to the Policy/decision as recommendations on some best practices that can be adapted for effective budgetary control using IFMIS. It also offers a chance for considerations on strategic policy related to the power and influence of Information Communication Technology (ICT) in Kenya. This study also gives insights to the county, national government and institutions on how they can form a foundation for enhancing budgetary control using IFMIS. Descriptive Research Design was considered for adoption in the study. Data collection was a primary data collected directly from respondents through questionnaires. Data analysis was done based on descriptive statistics to compute the percentages of outcomes tables to show the outcomes of extent of adoption of IFMIS together with its challenges and budgetary control within Siaya County Government. The study revealed that budget tracking, monitoring of expenditure and minimized fraud are the major factors that influence budgetary control as the summary table reveal that 98% of the factors can be explained by this study. Therefore, it means that these factors conclusively have a significant impact on budgetary control in Siaya county government. This study recommended total adoptions of IFMIS not only in Siaya County headquarter but also the sub- counties all over Siaya as it being in the county has reduced wastages tremendously. The study further recommended that other research conducted in future to go in-depth with the aim of establishing those other factors that have not been explained by this study. Such studies findings will enable the stakeholders to control these factors and ensure effective budgetary control.