An investigation to assess the impact of cost control on financial performance: ZETDC as a case study
This study sought to investigate the impact of cost control on the financial performance of ZETDC. The population sample was drawn from 33 employees of the organisation and stratified random sampling was used to come up with a sample of 20 workers. The results showed that cost control enhances finan...
Saved in:
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
Midlands State University
2017
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/11408/2819 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1779905300994719744 |
|---|---|
| author | Masocha, Walter Tafara |
| author_facet | Masocha, Walter Tafara |
| author_sort | Masocha, Walter Tafara |
| collection | DSpace |
| description | This study sought to investigate the impact of cost control on the financial performance of ZETDC. The population sample was drawn from 33 employees of the organisation and stratified random sampling was used to come up with a sample of 20 workers. The results showed that cost control enhances financial performance through better decision making. However, the company has been denied by regulatory authorities to implement some of its decisions necessitated by cost control. Cost control is also being affected negatively by delays by customers to pay their outstanding bills, heavy costs associated with
implementation of cost control strategies and weak coordination between the management and workers. Poor cost control has adversely affected financial performance through failure to meet goals and objectives. The researcher recommends negotiations to be promoted between ZETDC and its regulatory authorities, cost-benefit-analysis to be done for every cost control strategy and
interaction between management and workers should be promoted. Long outstanding debtors should submit payment plans which can result on further action being taken on them if they default agreed payment arrangements. Management should regularly review the entity’s internal controls to ensure compliance with cost control policies and procedures. |
| id | ir-11408-2819 |
| institution | My University |
| language | English |
| publishDate | 2017 |
| publisher | Midlands State University |
| record_format | dspace |
| spelling | ir-11408-28192022-06-27T13:49:04Z An investigation to assess the impact of cost control on financial performance: ZETDC as a case study Masocha, Walter Tafara Cost control Financial performance This study sought to investigate the impact of cost control on the financial performance of ZETDC. The population sample was drawn from 33 employees of the organisation and stratified random sampling was used to come up with a sample of 20 workers. The results showed that cost control enhances financial performance through better decision making. However, the company has been denied by regulatory authorities to implement some of its decisions necessitated by cost control. Cost control is also being affected negatively by delays by customers to pay their outstanding bills, heavy costs associated with implementation of cost control strategies and weak coordination between the management and workers. Poor cost control has adversely affected financial performance through failure to meet goals and objectives. The researcher recommends negotiations to be promoted between ZETDC and its regulatory authorities, cost-benefit-analysis to be done for every cost control strategy and interaction between management and workers should be promoted. Long outstanding debtors should submit payment plans which can result on further action being taken on them if they default agreed payment arrangements. Management should regularly review the entity’s internal controls to ensure compliance with cost control policies and procedures. 2017-09-06T10:33:46Z 2017-09-06T10:33:46Z 2017 http://hdl.handle.net/11408/2819 en open Midlands State University |
| spellingShingle | Cost control Financial performance Masocha, Walter Tafara An investigation to assess the impact of cost control on financial performance: ZETDC as a case study |
| title | An investigation to assess the impact of cost control on financial performance: ZETDC as a case study |
| title_full | An investigation to assess the impact of cost control on financial performance: ZETDC as a case study |
| title_fullStr | An investigation to assess the impact of cost control on financial performance: ZETDC as a case study |
| title_full_unstemmed | An investigation to assess the impact of cost control on financial performance: ZETDC as a case study |
| title_short | An investigation to assess the impact of cost control on financial performance: ZETDC as a case study |
| title_sort | investigation to assess the impact of cost control on financial performance: zetdc as a case study |
| topic | Cost control Financial performance |
| url | http://hdl.handle.net/11408/2819 |
| work_keys_str_mv | AT masochawaltertafara aninvestigationtoassesstheimpactofcostcontrolonfinancialperformancezetdcasacasestudy AT masochawaltertafara investigationtoassesstheimpactofcostcontrolonfinancialperformancezetdcasacasestudy |