Abstract:
The financial management of any business is the starting point of the success or failure of the
business. It is one thing to make money (income) and another thing entirely to manage (expend) the
money in such a way that the money will be useful and the business sustained. The financial
management of the private schools in Obio-Akpor was the main investigation of this research work.
A total of seventy eight (78) proprietors/administrators formed the sample population of this study
which is a descriptive survey. The respondents reacted to the three research questions that guided
the research work via a well structured fifteen (15) item research questionnaire. The work was also
guided by a null hypothesis that stated that there is no significant relationship between accountancy
education and proper financial management of private primary schools in Obio-Akpor Local
Government Area of Rivers State. The statistical tools used for this research work were Mean,
Standard Deviation, Analysis of Variance (ANOVA) and F-ratio at P > 0.05 level of significance.
The results showed that most of the private primary schools in Obio-Akpor Local Government Area
do not utilize basic accounting principles but are in concordance with the benefits from utilizing
basic accounting principles and procedures. A slightly higher number agreed that employing
accountancy education graduates as members of the school management team will go a long way to
aid the financial management of the school and in turn promote the growth of the school. The
researcher thus recommended among others that Private primary schools that can afford to employ
accountancy education graduates should employ them |
