Financial management skills among staff and quality of financial reporting in selected commercial banks in Kigali, Rwanda
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Date
2012-05
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Publisher
Kampala International University, College of Economics & management.
Abstract
The Purpose of the Study was to establish the relationship between financial management skills among staffs and quality of financial reporting in selected commercial banks in Kigali, Rwanda, the study also aims at testing the hypothesis. Five research objectives have been formulated to guide the study namely to determine the profile of respondents in terms of Age, Gender, Education level, Area of specialization, Job position, Work experience and Education level, to determine the level of financial management skills among staff of the selected commercial banks, to determine the level of quality reporting in selected commercial banks, to determine if there is any significant difference in the level of financial management skills among staff based on gender, age, are of specialization, professional qualification, work experience, to determine if there is relationship between the level of financial management skills and the level of quality of financial reporting in selected commercial banks. The study was based primarily on descriptive and co-relational design as well as quantitative methodology. The population was 110 employees of selected commercial banks. A sample has been taken using Slovene’s formula. The sample of 101 employees was drawn and purposive sampling has been used and questionnaires and observations have been used as research instruments. The findings indicated that the sample was dominated by male staff (55.4%) over female staff (44.6%). Majority were aged between 30-40 years (62.4%), most of them had a Bachelor’s degree (78.2%) whereas majority of them had worked for 5-7 years (52.2%). The findings indicated a positive significant relationship between financial management skills and quality of financial reporting (overall sigs. <0.05). Data analysis showed that there is a significant correlation between level of financial management skills and quality of financial reporting. The main recommendation for this study is that all staff to be trained should be involved in professional training analysis for more objectivity and the existent identified weakness of staff such as lack of notes preparation skills should be treated with top priority. Modern human resource management based on staff rotation and promotion should be applied for more performance and motivation.
Description
A Thesis Presented to the College of Higher Degrees and Research Kampala International University Kampala, Uganda In Partial Fulfillment of the Requirements for the Degree Master of Business Administration (BANKING AND FINANCE)
Keywords
Financial management skills, Quality of financial reporting