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The main research objective was to determine challenges that associated with asset disposal procedures in public banks and this survey was conducted at United Republic of Tanzania Government owned banks, which are TIB Development Bank and Tanzania Agricultural Development Bank. The specific research objectives of this study was to determine how government guidelines affects disposal process in Tanzania public banks and to examine how assets records affect disposal process, to examine how rapid growth of technology affects the disposal process, to examine how valuation of assets affects disposal exercise. This study took the population of 201 from the two institutions, where simple random sampling used to get the sample size from the population. Data analysed by using SPSS software, regression analysis used to analyse opinions of respondents as drown from their respective questioners, also correlation and regression analyses also used in this study. The study findings have shown a coefficient for Guideline, technology and valuation in asset disposal process means that three variables have shown a significance value which is less than 0.05 while asset records has shown insignificance value of 1.52 and confirms that asset record has a negative relationship in assets disposal process.
Conclusively the study has proved that there is a significance value of guidelines, technology, valuation in assets disposal and assets records has shown insignificance, this tells that assets records has less influence in effective asset disposal. The study findings have drowned recommendations for betterment of asset disposal; first the management of these banks should comply with government guidelines and policies issued in disposal process, Second assets valuation is mandatory during disposal so as to obtain for sale values which are competitive during disposal, Third as long as the study finding has confirmed the importance usage of technology now the managements are recommended to improve its internal policies and usage of technology to affect disposal process. Fourth though assets records has shown insignificance value in this survey but still the management should put more emphasis on the management and maintenance of assets records so that to enable physical verification of assets records during disposal against what is recorded in the assets register. |
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