ACCOUNTING EDUCATION TOPIC: FINANCIAL MANAGEMENT AND ORGANIZATION EFFECTIVENESS IN SECONDARY SCHOOL (A CASE STUDY OF EPE LOCAL GOVERNMENT AREA OF LAGOS STATE)

FINANCIAL MANAGEMENT AND ORGANIZATION EFFECTIVENESS IN SECONDARY SCHOOL

(A CASE STUDY OF EPE LOCAL GOVERNMENT AREA OF LAGOS STATE)

                                                            BY

                                       

A RESEARCH PROJECT SUBMITTED TO THE DEPARTMENT OF ACCOUNTING, FACULTY OF EDUCATION, EKITI STATE UNIVERSITY, ADO-EKITI IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF BACHELOR DEGREE        (B.SC ED) IN ACCOUNTING EDUCATION

                                                                                                                                                                                DECEMBER 2017

        

                                                DEDICATION

This project work is dedicated to God Almighty, Lion of Judah, and my provider to whom I ascribe my success.

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ACKNOWLEDGEMENT

This research work was made successful with the effort of my contributors of knowledge as well as those who have been monumental to my success and whose names seem inexhaustible.

Basically, I am indebted to my project supervisor, Mr. W.A Onasanya, for his enthusiastic encouragement, advice, support and patience. I say thank you Sir. I also thank Mr G.W Adebosin, Mr. A.P Adeyemi, Mr. A.A Anyawole, Mr. Oyewole, Mr. Eniola, for their moral support and useful advices.

I am most grateful to my parents, my late father, Mr. Babalola-Owa Bamidhele Klaus and my late mother Mrs Babalola Owa Kehinde Olasumbo, through whose channels I came into this world. I am eternally grateful to my grandma, Mrs. Onisesi Amoke, for her proficiency, love, moral, prayers and so more. To my aunties, Mrs. Adeyemi Adejoke Olanireti, Mrs. Giwa Bukola, Mrs. Osifeso Bolanle, Mrs. Adigun Olabisi and also to Mr. Adeyemi Ayomide and Mr. Osifeso, Mrs. Ogungbe Atinuke. Thank you for your financial, moral support during my most turbulent times, you all were there when I had no one to turn to.

To my gifted friends and brothers, Marona John Taiye, Ogungbe Adebowale Jeffry, Olatunji Mojeed, Amusa Gbolahan, Ogbabi Samuel, Yekini Idris Olawale, Ogungbe Eniola, Anyawelechi Williams, Apata Remi, Adelola Mayowa, Kehinde David Ajimati Habeeb (Gyor), Owodunni Adeyinka, Babalola-Owa Marcus, Adepoju Damilola, Adepoju Aishat, Osifeso Olajuwon, Osifeso Tomiwa, Adigun Basit, Adigun Tobi (Aaiye), Kilasho Roland, Okeowo Amos, Ajao Femi, Ajimagbo I9brahim (Sypon), Openaike Damilola, Adefuye, Ogungbe Precious and my Son Ogungbe Evanswho in spite of my excesses decided to sail with me on the

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 boat of friendship. I appreciate you all.

I also appreciate the efforts of Omotoprecious Ventures for the typesetting of this research study.

Finally, I give honor, glory and adoration to the Alpha and Omega, King of Kings, who has kept me from inception  and has seen me through all challenges of life for His grace, strength, inspiration and love which cannot be measured. My Almighty father, my solid rock, any other ground is sinking sand, my cornerstone, my beginning and my end. I thank you.

         

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                                                     ABSTRACT

The research was carried out to investigate the Financial Management and  Organizational Effectiveness in Secondary Schools in Epe Local Government Area  of Lagos State. The targeted population for this study was all the Secondary Schools in Epe Local Government Area of Lagos State from which a sample of 30 respondents which comprised of one principal and one vice principal per school were selected using simple random sampling technique. The research design for this study was a descriptive research design of survey type which was adopted to describe the Financial Management and  Organizational Effectiveness in Secondary Schools in Epe Local Government Educational Area  of Lagos State. A structured questionnaire was designed to collect information on the Financial Management and  Organizational Effectiveness in in Senior Secondary Schools in Epe Local Government Area of Lagos State. Fifteen (15) schools were sampled in Epe Local Government Area of Lagos State. Simple Percentages and Chi-square analysis tools were used in analyzing the responses. Findings revealed that that secondary schools in the south-west were effective in the affective and the psychomotor domains. The study concluded that researchers and theory formulators in educational leadership may have to recognize the distinction between the personal effectiveness of a leader and eventual organizational effectiveness recommended that the searchlight for the factors of secondary school performance should be directed further ahead to include associate organizational situations in form of resources, student stock and environment climate which are sometimes beyond the competence and manipulations of the principal.

                                                         

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                                                TABLE OF CONTENT

Title page

Certification

Dedication

Acknowledgement

Abstract

Table of content

List of tables

CHAPTER ONE: INTRODUCTION

1.1  Background Of The Study                                                                    1

1.2  Statement of The Problem                                                                    3

1.3  Purpose of The Study                                                                                     4

1.4  Research Question                                                                                4

1.5  Research Hypotheses                                                                                     5

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1.6  Significance of the Study                                                                      6

1.7 Scope of the Study                                                                               6

1.8 Definition of Terms                                                                              7

CHAPTER TWO: LITERATURE REVIEW

2.1Theoretical and Conceptual Framework of the Study                                     9

2.2 Roles of Principal in Secondary Schools                                                        15

2.3  Financial and Budgeting Management of Secondary Schools Principals  19

2.4 Learning Outcomes and Principals Organization Effectiveness

 in Secondary Schools                                                                       23

2.5 Problems in the Secondary Schools System in Nigeria                                  26

CHAPTER THREE: RESEARCH METHOD

3.1 Research Design                                                                                   31

3.2 Population of the Study                                                                       31

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3.3 Sample and Sampling Techniques                                                                 32

3.4 Research Instrument                                                                                      32

3.5 Validity of the Instrument                                                                    33

3.6 Reliability of the Instrument                                                                

3.7 Administration of the Instrument                                                                   27

3.8 Method of Data Analysis                                                                     27

CHAPTER FOUR: RESULTS AND DISCUSSIONS

4.1 Analyzing Research Questions                                                             34

4.2 Testing of Null Hypotheses                                                                            39

4.3 Discussion of Results                                                                                     43

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS

5.1 Summary                                                                                              45

5.2 Conclusion                                                                                           47

5.3 Recommendations                                                                                48

5.4 Recommendations for Further Study                                                   50

REFERENCES                                                                                           51

APPENDIX I                                                                                              53

APPENDIX II                                                                                             54

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LIST OF TABLES

TABLE NO                                       TABLE TITLE                                       PAGE

Table 4.1              Effectiveness of Principal Leadership Quality               34

Table 4.2              Principal Good Organizational Effectiveness                          35

Table 4.3              Principal Adequate Financial Accountability                          37

Table 4.4              School Budgeting: Responsibility of School Principal   38

Table 4.5              Organizational Effectiveness: Responsibility of School

                             Principal                                                                        38

Table 4.6              Relationship Between Financial Management and

                             Organizational Effectiveness of Secondary Principals   40

Table 4.7              Budget Preparation and Evaluation of Principals’

                             Administrative Effectiveness                                         41

Table 4.8              Effect of Financial Management on Principals’

Administrative Effectiveness                                         42

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