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Assessment of Financial Management Practices Among Secondary School Principals Kaduna State

Received: 3 September 2018     Accepted: 21 September 2018     Published: 31 October 2018
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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.

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

Keywords

Assessment, Financial Management Practices, Secondary School, Principals

References
[1] Pandey, I.M. (1995). Financial Management. New Delhi: Vikas Publishing House Limited.
[2] Ogbonnaya, N. (2005) Education Finance. Onitsha: cape publishers.
[3] Osuala, E.C. (2007). Foundation of Vocational Education. Onitsha, Nigeria; Cape Publishers.
[4] Oguonu, C.N. (2007) Financial and Administrative control in Secondary schools, in Ezeze, C.C Nigerian Journal Public Administration and Local Government. Vol. 8, No.1.
[5] Enyi, D. (2001) Strategies for Community Involvement in Funding Nigeria‟s Primary Educations: A Case Study of Kaduna State.Journal of Anambra State Education (JOPED). 2. (1), 2-12. International Limited.
[6] Obanya P. (2002). Guideline for realizing Nigeria millennium education Dream: The UBE paper presented at a seminar on Stakeholders in UBE. Abuja, September 17th -20th.
[7] San – Luis, J. (2007). The Delivery of Social Service: A Case in Philippine Public Education Quezon City. Department of Education. Retrieved on 6th October 2007 http://smhp.pstch.ucla.edu/pdfocs.
[8] UNDP (2006). Global development report. Retrieved on 12th June 2008 FROM http”//www.qualelearning.net/.
[9] Akpa (2008) Financial management practices of primary school heads in Udi education zone of Enugu state M.ED thesis Department of Educational Foundation Ahmadu Bello University Zaria.
[10] Ofougwuka, A. (2005). An appraisal of the role achievement of PTA in Secondary School Administration in Anambra State. An M.Ed. Thesis submitted to the Department of Education foundations. Nnamdi Azikiwe University Awka.
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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

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    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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    AMA 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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  • @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}
    }
    

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    T1  - Assessment of Financial Management Practices Among Secondary School Principals Kaduna State
    AU  - Bilkisu Bashir Aliyu
    Y1  - 2018/10/31
    PY  - 2018
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    T2  - International Journal of Hospitality & Tourism Management
    JF  - International Journal of Hospitality & Tourism Management
    JO  - International Journal of Hospitality & Tourism Management
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    EP  - 27
    PB  - Science Publishing Group
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    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.
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Author Information
  • Department of Educational Administration and Planning, Federal College of Education, Zaria, Nigeria

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