Internal Control System and Financial Management in Government Secondary Schools of Northern Uganda: A Case of Government Secondary Schools.
Loading...
Date
2021
Journal Title
Journal ISSN
Volume Title
Publisher
Lira University
Abstract
The purpose of this study was to demonstrate the effect of internal control system on financial
management in government secondary schools of Northern Uganda using secondary schools
in Lira City as a case study. The study established the effect of control environment on the
financial management in government secondary school in Lira City, assessed the effect of
control activities on financial management in government secondary schools in Lira City and
examined the effect of information and communication on financial management in
government secondary schools in Lira City. The study adopted a cross-sectional survey design
which used primary data obtained using self-administered questionnaire (SAQ) and interview
guide. Data was collected from a sample of 82 respondents, analyzed in term of descriptive
statistics, correlation and regressions using SPSS version 23.0. Cronbach’s alpha was computed
to test reliability of questionnaire tool and found to be 84.5% while the research supervisors
were used to clean up the content validity of the tools. The findings of the study revealed that
control environment affect financial management with (an adjusted R2=55%, p- value < 0.05)
at 95% level of significance. Secondly, the effect of control activities on financial management
produced and adjusted R2 of about 54.5% and a p- value less than 0.05 at 95% level of
significance. This indicate that control activities affect financial management. Finally effect of
information and communication on financial management yielded an adjusted R2 of about44%
with p-value less than 0.05. However, the multivariant regression results produced a beta value
of 0.167 and a sig. value of 0.162on this relationship which implied on effects between
information and communication control and financial management.
Description
Keywords
Internal Control System, Financial Management
Citation
Okello, M., Etengu, R.O., and Hogobi, N.H.CPA(2021).Internal Control System and Financial Management in Government Secondary Schools of Northern Uganda: A Case of Government Secondary Schools.