ASSESSEMENT OF BUDGET AND BUDGETARY CONTROL PRACTICE IN SELECTED PRIVATE BANKING IN ETHIOPIA

Abstract

This study aimed to investigate the assessment of budget and budgetary control practices in selected private banking in Ethiopia. Descriptive research design was used in this study. Purposive sampling method was implemented to collect data from 146 respondents through questionnaire using statements based on specific objectives of the study and secondary data was collected from banks annual report. Validity of the questionnaire was established based on pilot study. The target population the researcher wants to generalize is two private banks (Dashen & Awash bank). Analysis of the data was conducted using descriptive statistics including percentage, frequency, mean, standard deviation techniques were used. In general, most participants had experienced budgeting control system has an impact on the growth of banks performance and the budgeting process has a different feature that supports the achievement of the overall objectives of the bank. The researcher put some implication on the fact that the private banks should develop a sound budget and budgetary controlling system that includes objective that helps the growth of banks performance and grand strategy objectives of the banks.