Open AccessEffectiveness of School Heads’ Financial Management Skills in Provision of Quality Education in Secondary School
Author(s) -
Onesmo Amos,
Goodluck Ephrahem,
Agnes Bhoke-Africanus
Publication year - 2021
Publication title -
journal of education, society and behavioural science
Language(s) - English
Resource type - Journals
ISSN - 2456-981X
DOI - 10.9734/jesbs/2021/v34i230302
Subject(s) - financial management , audit , economic shortage , business , finance , accounting management , quality (philosophy) , skills management , decentralization , accounting , political science , marketing , government (linguistics) , accounting information system , linguistics , philosophy , epistemology , law
The main objective of this study was to evaluate the effectiveness of school heads’ financial management skills in the provision of quality education in secondary schools. This study explored secondary data by reviewing documents and literature materials from online publications and libraries to attain the intended purpose of the study. The study found out that financial management skills such as mobilizing school funds, monitoring, evaluation of budget, and auditing skills were essential for school financial management. The study also found that most of the school heads possess insufficient skills in financial management as school managers. Other financial management challenges were a shortage of school funds, poor monitoring, evaluation, and auditing of school finances. The study suggests strategies such as capacity building among the school heads. Also, decentralization of financial decision making, relevant school mission, and vision, enhance effective monitoring, evaluation, and auditing of financial report as strategies for improving school heads’ financial management skills. The study recommended the necessity of having school heads who are skilled in school-based financial management strategies. The study requested responsible departments or ministries concerns with education to make financial management skills be one of the pre-condition for hiring or promoting a teacher to the top post of school administration.