This report was entitled "financial controls and organizational performance i s selected ", The study was carried out based on three specific objectives. The first major objective of this study was profile of respondents in which the study indicates that male dominate (71.4%) female (28.6%) in the three organizations staff, the study also revealed that 49.6% which is the very majority of the employees in the sample were aged below 40 years; 48.1 % were 40-59 years old; 2.3% were 60 and above years old. The study shows that organization like telecommunication companies, which was established mid 1990s in 200, employed a great number of academicians (46.6%). This is an indication of that telecommunication companies attracted and retained highly educated employees who are likely to perform their duties well. The study further shown that, on the overall, the level of working capital management (as to: cash management, receivable management, inventory management, ) is good (grand mean = 2.67) and in third objective the study indicates that the level of organizational performance was found to be good (grand mean = 2.75). The study used Pearson Linear Correlation Coefficient to measure and describe the relationship between the two variables of the study and to test the null hypothesis. The study also uses regression analysis to rank the effect of the three financial control components have on organizational performance. The level of financial control was found to be positively and significantly correlated with the level organizational performance (sig. < 0.05 and R-value = 0.417). It recommends that there is all employees should be given training in the maintaining the inventory of the organization and control system of all organization in Mukono and to carry out their daily work to maximize their performance. The owners of the organization like telecommunication should invest in the technological improvement to keep their business competitive in the market and maintain market sharing to other telecommunication companies in the market.