Ict and Financial Management of Secondary Schools in Nairobi

Abstract

Information Communication Technology (ICT) has great potential in changing the way organizations manage finances and other operations. Therefore, many organizations are whirling their rethinking around and towards ensuring that they lag none of their intentions upon any opportunity that rejuvenates therein. Upon then, many have contributed to the existence of quite a wide array of literature in regard to aspects of ICT application in financial management. However, in spite of this high edge knowledge existence, there is scarcity on the same pertaining to the ICT application and financial performance of High schools in Nairobi. The objectives of the study were; To determine the extent of use of ICT application in financial management of schools in Nairobi, To establish the challenges experienced in the use of ICT as a tool for financial management of secondary schools in Nairobi and To determine the relationship between ICT application and financial management performance of secondary schools in Nairobi. This study also focuses and attempts to fill this gap by using descriptive research design. Data was collected through use of well semi-structured questionnaire. The respondents of the study were School Head Teachers and Bursars. Snowball sampling method was adopted to select a sample of fifty one Secondary Schools in Nairobi. Data obtained was well coded and analysed using frequencies, percentages, mean, standard deviation and regression model. The study found that several secondary schools within Nairobi had made tremendous attempt in adopting ICT application in their everyday operations, most departments like account office/bursars office, exams department relying too much in ICT. It was also evidenced that although most secondary schools within Nairobi already adopted ICT in their operations, there were several challenges facing them. The major challenges were; inadequate funds to purchase all modern computers and computers software as well as lack of data backup devices and unreliable internet connection. The study also found that ICT application and financial management performance had a positive relationship. The study concludes that for schools to enhance financial management performance ICT application needs to be adopted.