Financial Accountability and Financial Performance of Savings and Credit Cooperatives in Mid-Western Uganda

Purpose: To establish the association between financial accountability and Financial Performance of SACCOs in Mid-Western Uganda. Methodology: A cross-sectional research design and positivist paradigm were used to collect data from 93 SACCOs in Mid-Western Uganda using a close-ended questionnaire. Besides, a standard linear regression analysis was conducted. From the target population of 122 SACCOs, a sample of 93 SACCOs was selected using probability sampling technique. Findings: The study established a positive significant association between financial accountability and Financial Performance. Unique Contribution to Practice and Policy: The study confirms the theoretical assertions that financial accountability associates with financial performance. Besides, the study addresses the mixed findings on the link between financial accountability and financial performance. Also, the study suggests a need for management to consider financial accountability as a key driver of financial performance of SACCOs. Still, there is need for government to advocate for effective financial accountability to ensure that SACCOs attain sustainable financial performance.