AN INVESTIGATION INTO THE IMPACT OF FINANCIAL
RECORDS ON THE SUCCESS OF PRIVATE SECONDARY SCHOOL ADMINISTRATION
(A CASE STUDY OF EPE LOCAL GOVERNMENT AREA)
BY
KUBOYE MOYOSOLA ADEWUNMI
MATRIC NO: EKSU/EPE/12/0077
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 THE DEGREE OF BACHELOR OF SCIENCE (ED) IN ACCOUNTING
DECEMBER, 2017
\
CERTIFICATION
This is to certify that this study was
carried out by KUBOYE Moyosola, Adewunmi, Matric No. EKSU/EPE/12/0077 of the
department of Accounting Education, Faculty of Education, Ekiti State University,
Ado-Ekiti, Ekiti State.
________________ _______________
MR
SALAKO Y.A DATE
Supervisor
________________ _______________
MR.
ADEBOSIN W.G DATE
Head
of department
________________ _______________
DR.
VIATONU A.O DATE
Directorate
of Degree Programme
__________________ ______________
EXTERNAL
EXAMINER DATE
ii
DEDICATION
This
project is dedicated to Almighty God for giving me the grace, strength, the
ability and most importantly the direction during my period of study.
Also,
in memory of my late mother, Mrs. Iyabode Moniola Kuboye, may her gentle soul
rest in perfect peace (Amen).
iii
ACKNOWLEDGEMENT
To God be the glory for
Thou
art worthy, o Lord, to receive glory, honour and power;
For
thou hast created all things and for thy pleasure, they are
And
were created (Rev 4:11)
First
and foremost all praises be to the supreme one, the most gracious and most
mercifulwho has been the source and brain behind everything from the onset of
this programme to this crucial stage. Halleluyah!
My
sincere appreciation goes to my beloved father Rev. Wole Kuboye (Arole
Olodumare) and to my late mather in Isreal, Moniola Iyabode Kuboye, who had
really been supportive over my academic life and in all ramification of my
life. God will grant them long life and prosperity in jesus name (AMEN).
I
am also indebted to my brothers and sisters, Mr. Oluseyi Kuboye, Oluwafemi
Kuboye, Sunday Kuboye, Babatunde Kuboye, Omowunmi Kuboye, Ayanfeoluwa Kuboye,
Oluleke Kuboye and Ademuyiwa Kuboye. I pray that God Almighty will continue to
guide and protect you and also bless you in abundance (Amen).
This
research work could not have been completed without the intellectual
contribution and support of many individuals to whom I am indebted to. I would
like to express my heartfelt gratitude and thanks to my Supervisor Mr Salako Y.A, for
his invaluable guidance, support, useful advices, and industrious review of this
project.
I
express my sincere gratitude to all my noble lecturers in the department of
iv
Accounting
Education, more also to my H.O.D Mr. Adebosin W.G .
I
would also like to convey my heartfelt thanks to my husband and all my
relatives, for thir support and silent prayers. I am grateful to you all for
your love, support and encouragement for my success.
I
cannot but appreciate the efforts on Omotoprecious Ventures in the typesetting
of this research work.
My
appreciation also goes to my father, Most Rev. Apostle J.K, JP Wole Kuboye
(Arole Olodumare) for his efforts, love, advise and care.
Finally,
I would like to thank all individuals who have given me tremendous assistance
and cooperation that enabled me to complete my project. I thank God for being
there for me. God bless you all.
v
ABSTRACT
This
study investigated the impact of financial records on the success of private
secondary administration in Epe Local Government Area of Lagos State. Fifteen
private secondary schools in Epe were selected for the purpose of this study.
The instrument used for data collection was the questionnaire on impact of
financial records on the success of private secondary school administration.
The data obtained were analyzed using frequency count, simple percentage and
chi-square analysis. The results obtained from the study showed that most of
the respondents claimed that most of the checklists of financial records were available
in their school while few of the respondents claimed that some of items on the
checklist were not available in their school, records kept were used to
determine progress in the school and that lack of financial records may lead to
lack of school expansion. This means that records kept were used to determine
progress in the school and more respondents strongly agreed and agreed than
those who strongly disagreed and disagreed that there is significance
relationship between record keeping and success made by private secondary
school. Based on the findings some recommendations among others are made;
teachers should acquire knowledge on modern information technology. Records
should be kept honestly, accurately, safely and confidentially, planning done
with falsified records cannot be accurate and this will not augment well for
the nation’s educational development. Finally, the manager and the school
administrators should provide facilities that are required for record keeping.
For example, record books, files, audio and visual equipment should be provided
in sufficient quantity. Storage facilities which will enhance safety to the
records from theft, mutilation, destruction and accessibility to unauthorized
persons should be provided and additional studies should be conducted to
determine the impact of financial records on the success of private secondary
school.
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TABLE OF CONTENT
TITLE
PAGE i
CERTIFICATION ii
DEDICATION iii
ACKNOWLEDGEMENT iv
ABSTRACT vi
TABLE
OF CONTENT vii
CHAPTER ONE: INTRODUCTION
1.1 Background
Of The Study 1
1.2 Statement
Of Problem 8
1.3 Objective
Of The Study 8
1.4 Research
Question 9
1.5 Research
Hypotheses 9
1.6 Significance
Of The Study 9
1.7 Scope
Of The Study 10
1.8 Delimitation 10
1.9 Limitation 10
1.10 Definition
of Terms 10
CHAPTER TWO: LITERATURE REVIEW
2.1 Conceptual Framework 13
2.2 Empirical Framework 33
vi
2.3 Theoretical Framework 37
2.4 Summary of Literature
Reviewed 44
CHAPTER THREE: RESEARCH METHODOLOGY
3.1
Research Design 45
3.2
Population of the Study 45
3.3
Sampling and Sampling Techniques 46
3.4
Research Instrument 46
3.5
Validity and Reliability of Instrument 46
3.6
Administration of the Instrument 47
3.7
Method of Data Analysis 47
CHAPTER FOUR: RESULTS AND DISCUSSION
4.1
Result 48
4.2
Discussion of Findings 56
CHAPTER FIVE: SUMMARY,
CONCLUSION, AND RECOMMENDATIONS
5.1
Summary 59
5.2
Conclusion 60
5.3
Recommendations 60
REFERENCES 63
APPENDIX I 65
vii
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