Factors Affecting Financial Management Practices in The Government Secondary Schools: A Case of Schools in Yeka Sub City, Addis Ababa.
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Date
2021-06
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A.A.U
Abstract
The main objective of the study was to investigate factors affecting the financial management practices in secondary schools in Addis Ababa's Yaka sub-city. The specific objectives of this study were to find out the extent to which schools management committee practices, internal control system, budget participation, and Principals’ management skills affect government secondary schools' financial management activities. The researcher used descriptive survey and explanatory research design to find out the factors affecting financial management practices in government secondary schools. The study's target population was government high school principals, vice-principals, team leaders of school finance officers, team leaders of school human resource management, chairpersons of teachers' associations, and chairpersons of PTA representatives in Addis Ababa's Yeka sub-city. The selections of the respondents were carried out by using purposive sampling research method. The study, therefore, used a sample size of 72 respondents. A structured questionnaire was used to collect data. The data collection tool used was a questionnaire filled by the respondents. Closed ended and open-ended questionnaires were used for the purpose of data collection. A pilot study was conducted before the main study in order to examine the reliability and validity of the research questionnaire. The Cronbach’s alpha coefficient technique was used to test reliability while the university supervisor was consulted to determine the content validity of the research questionnaire. A multiple regression model was used to test the relationship between the study variables. Primary data was collected to achieve the objective of the study. The data collected were analysed using a descriptive technique with the help of a statistical package for the social science (SPSS) program version 26. Data analysis was encompassed both descriptive statistics of frequency results and inferential statistics. The researcher used quantitative and qualitative research approach. Data were presented in tables and charts, and interpretations were made based on the research objectives. The study found that school principals' management skills, budgetary procedures, internal control, and SMC were found to influence the financial management practices in government secondary schools in Yeka sub-city, Addis Ababa to a great extent. According to the regression results, all of the for independent variables are making 53% contributions for financial management practices in government secondary schools of Yeka sub-city. The finding also indicated that the FMP of the government secondary schools in Yeka sub-city would be poor. The researcher recommended that
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future researchers conduct additional research on factors affecting financial management practices in government and private secondary schools in rural and urban areas of Ethiopia, in order to shed light on the financial management practices of Ethiopian secondary schools.
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Keywords
Financial management, Principal`s management skills, management committee, internal control systems