ABSTRACT
The main purpose of this study was to appraise the financial management strategies of State Colleges of Education in South Eastern Nigeria. The five State Colleges of Education namely: Abia State College of Education Arochukwu, Enugu State College of Education Technical Enugu, Nwaforizu College of Education Nsugbe, Anambra State, Ebonyi State College of Education Ikwo and Alvan Ikoku College of Education Owerri, Imo State formed the area of the study. The study specifically appraised the extent of implementation of financial management strategies with regard to: budget preparation; budget implementation; regulations relating to fund management; alternative sourcing of funds; and cost saving measures. The study answered five research questions and tested five null hypotheses at 0.05 level of significance. The study used descriptive survey design. The population consisted of 279– made up of 108 accounting staff of the bursary departments and 171 heads of Units. The entire population was used because of its smallness. Data collected were analyzed using descriptive statistics such as means and standard deviation for the research questions and t-test for testing the hypotheses. The findings of the study showed that finance officers adhered to the strategies for budget preparation, adopted the strategies for budget implementation; and comply with fund management regulations to a very great extent. The findings also revealed that the finance officers implemented the strategies for alternative sourcing of funds and cost saving measures to a lesser extent. The t-test analysis revealed that no significant differences existed between the mean opinions of bursary staff and Heads of units on strategies for budget preparation/implementation, compliance with fund management regulations. However, there was a significant difference in the area of alternative sourcing of funds, as well as cost saving measures. The recommendations include that auditors device a more effective method of monitoring the finance officers, and stringent sanctions imposed on any fraudulent staff to serve as a deterrent to others, college authorities should increasingly explore alternative sources of funding and control the abuse of college facilities.
| Project details | Contents |
|---|---|
| Number of Pages | 147 pages |
| Chapter one | Introduction |
| Chapter two | Literature review |
| Chapter three | methodology |
| Chapter four | Data analysis |
| Chapter five | Summary,discussion & recommendations |
| Reference | Reference |
| Questionnaire | Questionnaire |
| Appendix | Appendix |
| Chapter summary | 1 to 5 chapters |
| Available document | PDF and MS-word format |
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