Financial Management Practices, Financial Accountability and Value for Money
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Date
2023
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Publisher
Makerere University Business School
Abstract
The purpose of the study was to examine the relationship between financial management practices, financial accountability and value for money of capitation grants in UPE schools. . The study was guided by the following research objectives: To examine the relationship between Financial Management practices (FMP) and Financial Accountability (FA); To examine the relationship between Financial Management Practices (FMP) and Value for Money (VFM); To examine the relationship between financial accountability (FA) and Value for money (VFM) and To examine the relationship between Financial Management practices (FMP), financial accountability (FA) and
value for money (VFM) of UPE capitation grant.
A cross sectional survey with the quantitative and qualitative research design was used to answer the research questions and examine the relationship between financial management practices,
financial accountability and value for money of capitation grants in UPE schools. A correlation approach was used to establish the relationships between the study variables. The study also used a
regression analysis to establish the predicting power of the independent variables (Financial Management practices (FMP), financial accountability (FA) over the dependent variable (Value
for money (VFM). A sample size of 28 UPE schools was selected from a population of 33 UPE Schools. The unit of inquiry was the head teacher, deputy head teacher and a member of school management committee.
The data was analyzed using the Statistical Package for Social Scientists (SPSS 17). Results showed that financial Management practices associates positively with Financial Accountability,
Financial Management practices associates positively with Value for Money financial accountability associates positively with Value for Money (VFM) and Financial Management practices (FMP) and financial accountability (FA) accounts for 48.4% (R squared .484) variance in the value for money (VFM).
The study therefore recommended that it is important for the UPE schools under the capitation grant to exhibit good Financial Management practices in form of financial records keeping, good
financial internal control activities, proper budgeting, good communication and information flow and better monitoring of the activities as this helps improve on the Financial Accountability for the
capitation grants. The concerned authorities must ensure that all the Head teachers of the UPE schools follow and use the control mechanisms put in place to on the capitation grant as they are in
place but are not used by the respective parties. Resources should be put in place by government to ensure that Monitoring of the capitation grant activities is done regularly and as a routine by the
assigned officers to the capitation grant and Period of conducting internal audits should be increased to quarterly instead of semiannually as this will help solve accountability challenges on
time as they arise.
Description
Research Dissertation Submitted to Makerere University Business School (Faculty of Graduate Studies and Research) in Partial Fulfilment of the Requirements for the Award of the Degree of Master of Science in Accounting and Finance of Makerere University. (Plan A).
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Citation
Henry, W. (2023) Financial Management Practices, Financial Accountability and Value for Money: A Case of UPE Schools in Katikamu North Luwero. Unpublished Masters Dissertation Makerere University Business School. Kampala, Uganda.