Publication: Contribution of financial resource management skills to performance among public secondary schools in Mount Elgon Constituency- Bungoma County.
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2014-08
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Mount Kenya University
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Abstract
This research project Report sought to explore the contribution of financial resource management
skills on performance among public secondary schools in Mount Elgon Constituency, Bungoma
County. The study was guided by the following objectives: Explore the degree of contribution of
accounting skills to performance in public secondary schools in Mount Elgon Constituency-
Bungoma County; Establish the level of contribution of budgeting skills to performance in public
secondary schools in Mount Elgon Constituency – Bungoma County; Determine the level of
contribution of internal control system skills to performance in public secondary schools in Mount
Elgon Constituency - Bungoma County, determine the contribution of auditing skills tom
performance in public secondary schools in mount Elgon constituency –Bungoma county. The
study was guided by Peter Drucker’s theory (of managing, for results, 1964) which stresses the
important point that although efficiency is important, effectiveness is vital (that is the ability to
choose the appropriate objectives or means to achieve an objective). He emphasizes that the
pertinent question is not how to do things right, but how to find the right things to do and to
concentrate resources and efforts on them. The study was further based on systems theory which
visualizes organizations as a system. An organization, Owens (1987) can be defined as an
interrelated system of independent structures and functions. The study employed descriptive
research design and inferential statistics to establish the correlation between financial resource
management skills and performance in public secondary schools. The target population was 26
Principals, 26 BOM Chairmen and 26 Bursars totaling to 78 persons in public secondary schools in
Mount Elgon Constituency, out of whom, 50 % of the target population (39 people) was the sample
size which was selected by both cluster sampling and simple random sampling. The research
instruments comprised questionnaires and interview schedules. Both descriptive and inferential
statistics were used in the analysis where frequency tables, simple and multiple regression and
Pearson correlation co-efficiencies were used. The research exposed the assumptions of the study
and run through the delimitations and limitations of the study. The study adds value to the school of
knowledge; inform the BOM, PTA, Government and the public in general on financial resource
management skills on performance. The research findings adds evidence that financial resource
management skills (Accounting, budgeting, internal control and auditing skills) contribute
significantly to performance in terms of academic, infrastructure, sports and corporate social
responsibility. The study results confirmed that there is a significant relationship between the
financial resource management skills and performance, yielding high regression co-efficient and
beta values indicating a strong linear correlation between the two variables.
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Business administration