The Effect of Accounting Practices on the Management of Funds in Public Secondary Schools in Nairobi County

Abstract

The aim of this study was to examine the effect of accounting practices on the management of funds in public secondary schools in Nairobi county. This necessitated an examination of the effect of accounting practices on the management of funds in Public Secondary Schools in Nairobi County. The research approved a graphic research design and the target populace was 60 public secondary schools in Nairobi County. Study data was gathered using a questionnaire and the collected data was analyzed using the regression model. The study found a significant negative relationship between book keeping and funds management and a substantial positive connection between internal control activities, computerized accounting and funds management. Finally, the study found an insignificant positive association between budgeting and funds management in public secondary schools in Nairobi County. The study concluded that book keeping, internal control activities and computerized accounting significantly affects funds management in public secondary schools. The study recommended that the management of public secondary school in Nairobi County should invest in strong and effective internal controls, proper book keeping and adopt computerized accounting systems to enhance the levels of fund management.