The purpose of this study is about the investigation of financial practices in selected
Mafikeng schools. The financial management of public schools is constantly developing
in terms of the financial problems currently facing schools. The school manager and other
stakeholders such as School Governing Bodies (SGB) are responsible for financial
accountability by improving the school's accounting systems.
It has been observed that school managers and SGB's are not skilled to manage financial
resources of schools. The problem of this research is that school managers and SGB
members are not trained in school financial management practices. As a result, there are
no sound operational and accounting systems in place. It is against the stated problem
that literature was surveyed. In reviewing literature, different themes related to the
problem were explored by quoting them, paraphrasing them, and relating them to the
research problem.
This research used questionnaires for collecting data. The sample was selected from 1 0
schools in the Mafikeng district. Data analysis gave rise to a set of findings, which
mainly revealed a lack of skills in school financial management. The findings are that
school managers and the SGB's were not trained in financial management. The study also
revealed that most schools do not have financial policies, which is very essential for
efficiency and effectiveness in school financial management.
The conclusion drawn from the study show that training in financial management for
school ma-.n agers and SGB's was necessary. It is also important that the findings of the .
research be implemented to improve the accounting systems and overall financial
management accountability. / (MBA) North-West University, Mafikeng Campus, 2005
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:nwu/oai:dspace.nwu.ac.za:10394/11296 |
| Date | January 2005 |
| Creators | Bosch, Mark |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
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