INFLUENCE OF FINANCIAL RESOURCES MANAGEMENT ON ACADEMIC PERFORMANCE IN PUBLIC SECONDARY SCHOOLS IN KIMININI SUB-COUNTY, TRANS-NZOIA COUNTY, KENYA

Cheruto Dorcas Chebet, Dr. Mary Mugwe (Ph.D)

Abstract


The purpose of the study is to evaluate the influence of financial resources management on academic performance in public secondary schools in Kiminini sub-county, Trans-Nzoia County, Kenya. The specific objectives of the study was to establish the effects of budgeting and the effects of internal controls on academic performance in public secondary schools in Kiminini sub-county, Trans-Nzoia County. The study was hinged on the Bucket Theory of financial management. The study utilized a cross sectional research design. A sample size of 146 respondents was determined from a target population of 232 people using Slovin’s formulae. Questionnaires were used in collecting data. The study employed both descriptive and inferential statistics in analysis. Results established varied disparities in academic performance. Regression results demonstrated that financial resources management (budgeting and internal controls) had statistically significant influence on academic performance. The Coefficient of Determination or R square stood at 0.734, which implied that 73.40% of the variation in the academic performance was explained by variability in the variables under financial resources management (budgeting, internal controls). Pearson Correlation Analysis results further demonstrated a positive relationship between budgeting and internal controls on academic performance. The study recommends more pursuit of financial resources management as demonstrated in the bucket theory of financial management to enhance academic performance. Management of public secondary schools in Kiminini sub-county should embrace on the strategies that improve financial resources management in order to improve academic performance.

Keywords: Budgeting, Internal Controls, Academic Performance


Full Text:

PDF

References


Amirize, M., & Ololube, N. P. (2018). Principals Fund Management Strategies for Effective. Education Research Publication

Asemah, J.I. (2010). Perspectives in educational management and administration. Makurdi: Chris Publishers.

Bua, F.T., & Adzongo, P.I. (2014). Impact of financial management on secondary school’s administration in zone a senatorial district of Benue State-Nigeria. Public Policy and Administration Research, 4(9), 95-103.

Chatiza,J.C. (2011). Introduction to Education Promoting Equality in Primary Schools. London: Casel.

Colander, D. (2013). Microeconomics, 9th edition, New York: McGraw Hill

Creswell, J. W. (2009). Research design: qualitative, quantitative and mixed methods approaches. Thousand Oaks, California: Sage Publications.

Crouch, L.,Winkler, D., & RTI International. (2008). Governance, Management and Financing of Education for All: Basic Frameworks and Case Studies. Paris: UNESCO.

Eshiwani, G. (2009) National examinations, Nairobi: Government Printers.

Frederick, D, (2010). Control, Credit Management: Institute of Credit Management Ltd.

Government of Kenya. (2006). A handbook of financial management, Nairobi; government printer.

Government of Kenya. (2013). The Basic Education Act, No. 13 of 2013. Nairobi: The Government Printer.

Hanson, J.B. (2000). Student performance and student growth as measure of success: A evaluator’s perspective. Paper presented at annual meeting of the American educational research association New Orleans. Louisiana.

Hijazi, S.T. & Naqvi, S.M.M.R. (2006). Factor Affecting Students’ Performance: A case of Private Colleges. Bangladesh e-journal of Sociology,3(1), 89-92.

Kapur R. (2018), Factors Influencing the Student’s Academic Performance in Secondary Schools in India: University of Delhi

Khumalo, R. (2001). Understandable financial management: a guide for students and practitioners. Sandton: New Africa Books.

Kremer, K. P., Flower, A., Huang, J., & Vaughn, M. G. (2016). Behaviour problems and children's academic performance: A test of growth-curve models with gender and racial differences. Children and youth services review, 67, 95–104.

Kwaghbo, M. T. (2008). Fundamentals of financial management in education. Makurdi: Chris and Chris publishers.

Lewis, P., Goodman, S. & Fandt, P. (2004). Management challenges in the 21st century. Garland: Trinity Books.

Mestry, R. (2004). Financial accountability, the principal, or the school governing body. South African Journal of Education, 24(2):126-132.

Ministry of Education, (2008). Guidelines for implementation of free secondary education. Nairobi: Government Printer.

Mobegi, F., Ondigi B., & Simatwa, E. (2012). Factors Contributing to financial mismanagement and misappropriation in public Secondary Schools in Gucha District, Kenya. Kenyatta University, Nairobi.

Muthoki, M.M., (2015). Home based factors contributing to dropout of girls in mixed day secondary schools in Mtito-Andei division Kibwezi Sub-County Makueni County. Unpublished MEd Project, South Eastern Kenya University Kitui.

Onuko, A.J., 2012. Impact of bursary schemes on retention of student sin Public Secondary Schools in Gem District, Kenya. Unpublished MEd Thesis, Uni Okwori ersity of Nairobi,Nairobi.

Orodho, A.J., (2014). Financing basic education: What are the equity and quality implication of free primary education and free day secondary education policies in Kenya? International Journal of Development Research, 4(3): 477- 487.

World Bank. (2006). Expanding opportunities and building competencies for young people: A new agenda for secondary education. Washington DC: The World Bank.

Wushe, T., Ndlovu, D., & Shenje, J. (2014). An analysis of basic management and financial skills by school development committees (SDC) in selected Harare schools. International Journal of Innovative Research in Advanced Engineering, 1(10), 378-386.


Refbacks

  • There are currently no refbacks.