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VOL. 3, ISSUE 1 (2021)
Effect of book keeping skills on financial control in community support funds in Kenya: The case of Maasai mara community support fund
Authors
Edmund Kanyugi Gathuru, George Koome Rukaria
Abstract
The overall objective of this study was to determine the effect of book keeping skills on financial control in Maasai Mara community support fund. The study used a descriptive cross-sectional survey design. The study targeted a population of 136 stakeholders. The study used census because the population was not vast. Data was collected using a questionnaire. The questionnaire was tested for validity and reliability to ensure that it provided the data that was required for the study. The data was analyzed using descriptive statistics for frequency and percentages, Pearson correlation analysis and Chi-square analysis to summarize and classify data, to establish the relationship between the variables and to determine the strength of association between the variables respectively. On the effect of book keeping skills on the financial control of Maasai Mara community support fund, the majority of the respondents agreed that it had an effect on financial control. The effect was statistically significant when tested using Pearson correlation (r = 0.286; p- value = 0.002). The hypothesis was tested using Chi-square analysis, where the null hypothesis was rejected based on the Chi-square value (158.011) which was greater than the critical Chi-square value. The study therefore concluded that community support funds should ensure that they employ people who have book keeping skills in order to enhance the effectiveness of financial control. The findings of the study will assist in formulation of appropriate policies on the effectiveness of financial control for not only Maasai Mara community support fund but to all other community support funds seeking effective financial control.
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Pages:24-29
How to cite this article:
Edmund Kanyugi Gathuru, George Koome Rukaria "Effect of book keeping skills on financial control in community support funds in Kenya: The case of Maasai mara community support fund ". International Journal of Finance and Commerce, Vol 3, Issue 1, 2021, Pages 24-29
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