Abstract

This study was undertaken to examine the levels of Management Control system in the selected Microfinance institutions central region, Uganda. The ex post facto or retrospective, prospective designs and descriptive survey design, and specifically descriptive comparative and descriptive correlation strategies were employed. A minimum sample of 266 was used in data collection and analysis. Data was analysed using means and t-test. The findings revealed that the level of management control system in the microfinance institutions in central region Uganda is efficient with an overall mean of 3.23.The contingency theory by Joan Wood wards (1958) as cited and explained by Simons’ (1995) levers of management system control model was authenticated and validated.

The conclusion was drawn that the level of Management control system was generally efficient and it was recommended that Microfinance institutions should enhance, strengthen set and establish strong and effective control systems: all of the financial, operational and other control systems which are carried out by internal controllers and which involve budgeting, monitoring, independent evaluation and timely reporting to management levels systematically in order to ensure that all the institutions activities are performed by management levels in accordance with current policies, methods, instructions and limit.