Effect of Financial Management Practices on Financial Performance of Income Generating Activities in Public Secondary Schools in Mombasa County

Abstract

The Aim of This Investigation Was to Set Up the Effect of Financial Management Practices on Financial Performance of Income Generating Activities in Public Secondary Schools in Mombasa County. The Legislature of Kenya Is Focused on Guaranteeing That Assets Are Utilized for the Planned Reason Successfully and Financially. To Upgrade Productive Asset Use in Schools, Viable Money Related Administration Rehearses Must Be Set Up. The Investigation Received a Spellbinding Exploration Plan. The Investigation Focused on a Populace of the 34 Principals Out in the Open Optional Schools in Mombasa County. An Enumeration Consider Was Done to Focus on Every One of the Schools. The Respondents of This Investigation Were the Principals in the Focused on Auxiliary Schools. The Examination Utilized Essential Information; the Information Was Gathered Utilizing a Semi-organized Survey. The Information Was Broke Down to Create Distinct Measurements, for Example, Rates, Means and Standard Deviations. The Investigation Found Money Related Administration Rehearses Impacts Monetary Execution of Salary Creating Exercises in Broad Daylight Optional Schools in Mombasa County. This Was Built Up by Numerous Straight Relapse Condition for the Autonomous and Ward Factors Which Demonstrates That if Obtainment, Planning, Accounting and Money Related Control Are Altogether Appraised as Zero, Monetary Execution of Salary Producing Exercises Would Be 0.240. The Autonomous Factors Clarify 83.9% of the Varieties in Money Related Execution as Spoken to by R Squared With Accounting, Planning, Obtainment, Budgetary Control. This Suggests Different Components Excluded in This Investigation Contribute 16.1% of the Variety in Money Related Execution. The Researcher Concluded That Many Schools in Mombasa County Strongly Agree That Presentation of Financial Statement of the Current Assets, Liabilities and on Hand Capital Affected Bookkeeping on Performance of Income Generating Activities. The Study Concluded That Many Schools in Mombasa County Strongly Agree That Presentation of Financial Statement of the Current Assets, Liabilities and on Hand Capital Affected Book Keeping on Performance of Income Generating Activities. Limitations of This Project Were Time Constraint. It Was Observed That at Beginning of the Term Secondary School Heads and Deputy Heads Are Quite Busy With School Management Matters. This Made It Difficult to Collect Data From Most Schools. The Study Recommends That Schools Should Also Strive to Achieve Their Budgeted Revenues Since a Decrease in Revenues From the Targeted Revenue Affects the Overall Financial Performance of the Schools.