Effect of Financial Management Policies on The Performance of Non-Governmental Organisations: A Case of Palladium Kenya

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Date

2017-06

Journal Title

Journal ISSN

Volume Title

Publisher

Daystar University, School of Business and Economics

Abstract

Financial management policies are constantly being viewed as crucial in aiding the financial performance of an organization. It is with this in mind that this study set out to investigate the effect of financial management policies on the performance of nongovernmental organizations, with a specific focus on Palladium Kenya. The study’s objectives were to identify the financial management policies being implemented, to establish the extent of use of financial management policies in aiding performance, and to establish the effect of financial management policies on the performance of Palladium Kenya. The study conducted a descriptive research design. A census study was conducted focusing on the staff of Palladium Kenya who were 108 in number. The study utilised a questionnaire as its data collection instrument. Analysis was done using Statistical Package for Social Sciences (SPSS) software. The key findings established were that the key financial management policy being implemented in the NGO was financial reporting, long-term financial planning, financial reporting policy and internal risk management policies had been extensively used as agreed by 52.2%, 62.7% and 62.7% of the respondents respectively, goals set have been achieved, accountability and financial performance ratios have been met to a level that is satisfactory as 62.7%, 37.3% and 448.8% of the respondents noted respectively and that there was an effect of the long term financial planning, financial reporting, and internal risk management policies as agreed by 50.7%, 52.2% and 46.2% of the respondents respectively. From these findings, offered a key recommendation to the organisation into identifying the performance it wants to achieve so that it can identify the extent of implementation of the financial management policies, and that it investigates the effect of financial capacity on implementation of financial management policies.

Description

MASTER OF BUSINESS ADMINISTRATION in Finance

Keywords

Financial management policies, financial performance, nongovernmental organizations

Citation

Odongo, E. (2017). Effect of Financial Management Policies on The Performance of Non-Governmental Organisations: A Case of Palladium Kenya. Daystar University, School of Business and Economics