The study ascertained financial management practices of secondary school principals in Kaduna State. Four research questions and two null hypotheses were formulated to guide the study. The study employed a survey research design. The population was not sampled due to the manageable size hence 624 principals of government grant aided secondary schools were used. A forty seven item questionnaire was administered on 312 junior principals and 312 senior principals respectively. Mean rating and standard deviation were used to answer the four research questions while t-test statistics was used to test the two null hypotheses. The test of the two null hypotheses showed that there was no significant difference in the mean ratings of junior and senior secondary school principals on sources of funds for secondary schools, and there was no significant difference in the mean ratings of senior and junior secondary school principals on how funds are managed in secondary schools in Kaduna State. The findings of study revealed that principals explore other sources of funds such as P.T.A. levies, funds from school farms, magazines, speech and prize giving day, and canteens. Money raised from these sources are included in school budget therefore such funds are accounted for. Budgetary plans are made in collaboration with heads of department but not strictly adhered to in terms of implementation. Furthermore, the findings showed that there were several factors militating against financial management such as ghost workers, untimely disbursement of funds, lack of ICT training in the bursary department and neglect of internal auditing.
| Published in | International Journal of Hospitality & Tourism Management (Volume 2, Issue 2) |
| DOI | 10.11648/j.ijhtm.20180202.11 |
| Page(s) | 22-27 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2018. Published by Science Publishing Group |
Assessment, Financial Management Practices, Secondary School, Principals
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APA Style
Bilkisu Bashir Aliyu. (2018). Assessment of Financial Management Practices Among Secondary School Principals Kaduna State. International Journal of Hospitality & Tourism Management, 2(2), 22-27. https://doi.org/10.11648/j.ijhtm.20180202.11
ACS Style
Bilkisu Bashir Aliyu. Assessment of Financial Management Practices Among Secondary School Principals Kaduna State. Int. J. Hosp. Tour. Manag. 2018, 2(2), 22-27. doi: 10.11648/j.ijhtm.20180202.11
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Download@article{10.11648/j.ijhtm.20180202.11,
author = {Bilkisu Bashir Aliyu},
title = {Assessment of Financial Management Practices Among Secondary School Principals Kaduna State},
journal = {International Journal of Hospitality & Tourism Management},
volume = {2},
number = {2},
pages = {22-27},
doi = {10.11648/j.ijhtm.20180202.11},
url = {https://doi.org/10.11648/j.ijhtm.20180202.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijhtm.20180202.11},
abstract = {The study ascertained financial management practices of secondary school principals in Kaduna State. Four research questions and two null hypotheses were formulated to guide the study. The study employed a survey research design. The population was not sampled due to the manageable size hence 624 principals of government grant aided secondary schools were used. A forty seven item questionnaire was administered on 312 junior principals and 312 senior principals respectively. Mean rating and standard deviation were used to answer the four research questions while t-test statistics was used to test the two null hypotheses. The test of the two null hypotheses showed that there was no significant difference in the mean ratings of junior and senior secondary school principals on sources of funds for secondary schools, and there was no significant difference in the mean ratings of senior and junior secondary school principals on how funds are managed in secondary schools in Kaduna State. The findings of study revealed that principals explore other sources of funds such as P.T.A. levies, funds from school farms, magazines, speech and prize giving day, and canteens. Money raised from these sources are included in school budget therefore such funds are accounted for. Budgetary plans are made in collaboration with heads of department but not strictly adhered to in terms of implementation. Furthermore, the findings showed that there were several factors militating against financial management such as ghost workers, untimely disbursement of funds, lack of ICT training in the bursary department and neglect of internal auditing.},
year = {2018}
}
TY - JOUR T1 - Assessment of Financial Management Practices Among Secondary School Principals Kaduna State AU - Bilkisu Bashir Aliyu Y1 - 2018/10/31 PY - 2018 N1 - https://doi.org/10.11648/j.ijhtm.20180202.11 DO - 10.11648/j.ijhtm.20180202.11 T2 - International Journal of Hospitality & Tourism Management JF - International Journal of Hospitality & Tourism Management JO - International Journal of Hospitality & Tourism Management SP - 22 EP - 27 PB - Science Publishing Group SN - 2640-1800 UR - https://doi.org/10.11648/j.ijhtm.20180202.11 AB - The study ascertained financial management practices of secondary school principals in Kaduna State. Four research questions and two null hypotheses were formulated to guide the study. The study employed a survey research design. The population was not sampled due to the manageable size hence 624 principals of government grant aided secondary schools were used. A forty seven item questionnaire was administered on 312 junior principals and 312 senior principals respectively. Mean rating and standard deviation were used to answer the four research questions while t-test statistics was used to test the two null hypotheses. The test of the two null hypotheses showed that there was no significant difference in the mean ratings of junior and senior secondary school principals on sources of funds for secondary schools, and there was no significant difference in the mean ratings of senior and junior secondary school principals on how funds are managed in secondary schools in Kaduna State. The findings of study revealed that principals explore other sources of funds such as P.T.A. levies, funds from school farms, magazines, speech and prize giving day, and canteens. Money raised from these sources are included in school budget therefore such funds are accounted for. Budgetary plans are made in collaboration with heads of department but not strictly adhered to in terms of implementation. Furthermore, the findings showed that there were several factors militating against financial management such as ghost workers, untimely disbursement of funds, lack of ICT training in the bursary department and neglect of internal auditing. VL - 2 IS - 2 ER -
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