EFFECTS OF FINANCIAL MANAGEMENT PRACTICES ON ACCOUNTABILTY IN PUBLIC SECTOR.
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Date
2025-07-29
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Abstract
The study examined the effects of financial management practices in enhancing accountability within Soroti District Local Government. The study had three objectives; to examine the influence of financial control on accountability in Soroti District Local Government, to ascertain the effect of financial planning on accountability in Soroti District Local Government, to examine the effect of financial decisions on accountability of Soroti District Local Government. The study adopted a cross-sectional survey and employed both quantitative and qualitative approaches to research. The study targeted a population of 32 where a sample of 27 individuals was selected using Krejcie and Morgan table. Both interviews and questionnaires were used to collect data and thereafter the data was analyzed using SPSS.
The findings of the study showed that financial control has a significant effect on accountability of Soroti local government; that financial planning has a significant effect on accountability of Soroti local government and finally, financial planning has significant effect on accountability of Soroti local government. Financial planning was the most significant predictor of variance of accountability
Soroti local government should ensure financial planning execution is achieved, financial planning system is compliant with financial laws, financial planning and reporting system has a standard for recording assets, financial information is treated in accordance with international rules and guidelines, financial reporting system demonstrates quality, financial planning and reports are easily understood by users, financial information is presented in a less subjective manner, financial reporting systems has a standard for recording liabilities.
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