Working capital management practices : a case of Secondary Schools in Sameta Division Gucha District
Kaburi, Simeon Nyandemo
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This study provides a comprehensive analysis of working capital management practices in Sameta Division, Gucha Districts secondary schools. The paper surveys how secondary schools head teachers who are the school financial officers manage the school cash, inventories, accounts receivables and accounts payables. Management of school finances has become a concern of most people in society, as there seems to lack professionalism in some areas of management of school finances (Ngaba 1990). Financial decisions made will affect most people in society, as majority members have vested interests in the school. This study project incorporated cash, accounts receivables and accounts payables management practices of secondary schools in Sameta Division, Gucha district. There were twenty-five secondary schools in the division at the time of research. All the schools were selected as the sample size. A questionnaire of open ended and closed questions was used to collect information. It was divided into two sections; a) Brief overview of the school b) Working capital management practices of the school. Descriptive statistics was used to analyze data collected. The data was presented in tables.