Financial Management System Compliance and Practices of School Heads in Relation to School Performance: Basis for Intervention

Jobell Cris  T. Vibal,; Trudy  Cerbo,; Reynolfvon  Euraoba,

Financial Management System Compliance and Practices of School Heads in Relation to School Performance: Basis for Intervention

Reynolfvon Euraoba | Jobell Cris T. Vibal | Trudy Cerbo

Discipline: Finance

Abstract:

This study examined the financial management system compliance and management practices of school heads in relation to school performance in the District of Isabela II. Using a descriptive-correlational research design, data were gathered from 197 elementary teachers across 16 schools through standardized questionnaires and school performance records (OPCRF for SY 2022–2023). Findings revealed that school heads exhibited full compliance with financial management systems, specifically in budget preparation, procurement, disbursement, submission of financial reports, and auditing, with an overall mean of 2.64. Additionally, school heads demonstrated very high levels of task-oriented, relationship-oriented, and change-oriented management practices, with an overall mean of 4.26. School performance across the district was rated as very satisfactory, with a mean score of 4.44. Statistical analysis using Spearman Rank Correlation indicated no significant relationship between financial management system compliance and school performance, nor between management practices and school performance. These results suggest that while school heads maintain sound financial compliance and effective management styles, these factors alone do not directly influence school performance outcomes. The findings highlight that other variables may contribute more substantially to school success. Based on these results, it is recommended that school heads continue strengthening their financial management competencies and leadership practices while exploring additional strategies that directly impact academic achievement and operational efficiency. Future research is encouraged to investigate other factors influencing school performance beyond financial compliance and leadership practices, offering a broader perspective on educational leadership effectiveness.

References:

Alvi, E., & Rana, A. (2019). Relationship between task-oriented leaders’ behavior and organizational performance in higher education institutions. Bulletin of Education and Research.
Atatsi, E. A., Azila-Gbettor, E. M., Akuma-Zanu, A. Y., & Mensah, M. (2023). Financial management practices and life satisfaction: Mediating effect of financial satisfaction. Cogent Education. https://doi.org/10.1080/2331186X.2023.2251746
Borgonos, J. (2022). School heads’ management practices and elementary teachers’ performance in Calauan District, Division of Laguna. International Journal of Research Publications (IJRP.ORG).
Buitizon, M. (2021). Management practices of school heads, organizational behavior, and performance of teachers in distance learning environment. International Journal of Management, Entrepreneurship, Social Science and Humanities (IJMESH), 4(2).
Castañares, T., Tañajura, L., & Tan, R. (2023). Challenges of the newly promoted school heads in school leadership: A case study in a public school setting. American Journal of Educational Research.
Espinosa, A. A. (2018). Financial management practices of school heads: Teachers’ perspectives. Skyline Business Journal, 13(1).
Khai Yeo, C., Lim, H. E., & Jing-Yi, W. (2023). Financial planning behaviour: A systematic literature review and new theory development. Journal of Financial Services Marketing. https://doi.org/10.1057/s41264-023-00249-1
Lustestica, C. M., & Digo, G. F. (2024). Assessment of school heads’ management practices on teachers’ professional development. International Journal of Social Science and Education Research Studies, 4(6). https://doi.org/10.55677/ijssers/V04I6Y2024-02
Sukenti, R. (2023). Financial management concepts: A review. Journal of Contemporary Administration and Management (ADMAN), 1(1). https://doi.org/10.61100/adman.v1i1.4
Vicente, M., Flores, P., Almagro, M., Amora, A., & Lopez, J. (2023). The best practices of financial management in education: A systematic literature review. International Journal of Research and Innovation in Social Science (IJRISS), 7(8). https://dx.doi.org/10.47772/IJRISS.2023.7827
Wadasen, A. (2024). Financial management challenges and best practices of school heads of public high schools. International Journal for Multidisciplinary Research (IJFMR), 6(1).