Financial Management of the Principal as a Function of School Effectiveness in Selected Secondary Schools in Yaounde Centre, Cameroon

Genevarius NJI

Financial Management, Principal, School Effectiveness, Secondary School.

School effectiveness is a salient aspect of the Education Production Function which excessively requires the efficient use of finances in the enhancement of the attainment of set institutional objectives. Ineffective schools do not only meet school objectives but also contribute to exasperated wastage of scarce available resources; and this study sets out to assess the effects of financial management on school effectiveness. The quantitative approach was adopted for the study and the questionnaire was the main instrument of data collection. Using the simple random sampling and the proportionate sampling techniques a sample of 543 teachers was selected. The data was analysed using the spearman rank correlation and the following results were obtained.

• In the first hypothesis, the p-value< 0.05 with correlation coefficient of 0.704. Based on this, we conclude that the management of receivables significantly influences secondary school effectiveness by 70.4%.
• In the second hypothesis, the p-value<0.05 with correlation coefficient of 0.681 indicating that there is a significant link between financial budgeting and expenditure influence secondary school effectiveness by 68.1%.
• Concerning the third Hypothesis, the p-value<0.05 with correlation coefficient of 0.562. We therefore conclude that Financial auditing significantly affects secondary school effectiveness by 56.2%.

The acceptance of all the specific alternative hypotheses gives us the right to retain the main alternative hypothesis which states that there is a relationship between financial management of the Principal and secondary school effectives in Yaounde Centre. Based on the research findings, recommendations were made to stakeholders.