Accounting Procedures within a Decentralised Zimbabwean Financial Management School System


V.C. Ngwenya, J. Maushe

Abstract


The study sought to examine the effective utilisation of accounting procedures by accounting officers in Zimbabwean public schools within a decentralised financial management system in order to minimise the mismanagement of public funds. A qualitative approach of an interpretive nature was employed consisting of a semi-structured interview, observation and document analysis in the collection of data. Forty participants were selected using a purposeful non-probability sampling technique. Some qualitative data collected was converted to quantitative data for analysis purposes. Results revealed that the generality of Zimbabwean public schools employ appropriate accounting procedures although the ‘Banking Register’, ‘Payment Vouchers’ and ‘Procurement Minute Book’, ‘reconciliation statements’ and ‘end of year returns’ were found wanting. Consequently, fraudulent activities and misappropriation of public funds seem to be rampant in schools. Researchers recommend that accounting officers be work-shopped, finance duties be delegated within the committee framework, both internal and external controls be intensified to curb the rot.

Keywords


Accounting, Delegation, Financial management, Misappropriation, Qualitative data.

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About this article

Title

Accounting Procedures within a Decentralised Zimbabwean Financial Management School System

Keywords

Accounting, Delegation, Financial management, Misappropriation, Qualitative data.

DOI

10.20448/journal.525.2017.11.21.28

Date

2017-05-13

Additional Links

Manuscript Submission

Journal

Journal of Banking and Financial Dynamics
Vol 1, No 1 (2017) Page: 21-28

Statistics

46 Views | 107 Downloads

Citations

0

Authors & Affiliations

V.C. Ngwenya
Department of Arts and Education Zimbabwe, Open University, Bulawayo Region, Bulawayo
Zimbabwe

J. Maushe
Waterford Primary School, Dold Avenue, Bulawayo
Zimbabwe


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