Financial Management Competence of Public Secondary School Principals

AUTHOR(S)

Hazel Cruz Quezon

ABSTRACT

The study focused on the financial management competence of public secondary school principals in Pangasinan. The study determined the respondents’ profile, their level of financial management competence, the significant difference between their level of financial management competence across their profile variables, and the significant relationship between their level of financial management competence across their profile variables. In this study, the descriptive research approach was applied. According to the findings, most responders are female, in the late adulthood stage, married, holding a Principal IV position, with a Doctor’s Degree, seasoned school administrators in a medium school category, and equipped with training related to financial management. Likewise, the respondents are competent in preparing a financial management plan, procuring assets, managing assets, and monitoring, evaluating, and reporting financial resources.
Meanwhile, the respondents are competent in generating and mobilizing resources. It was also found that there is a significant difference between the level of financial competence of the respondents along the preparation of financial management plan and length of service as principal. A significant difference is also evident between the respondents’ financial competence level, the generation and mobilization of financial resources, and the school category. School category is correlated to the level of financial management competence of the school principals along generation and mobilization of financial resources. The study recommended that public secondary school principals adopt the enhancement training matrix crafted by the researcher to strengthen their financial management competence.