Influence of Financial Training Skills on Financial Management in Public Primary Schools: A Case Study of Endebess Sub County, Kenya

The study purpose was to investigate the influence of head teacher’s financial training on the management of Free Primary Education funds in Endebess Sub County, Trans Nzoia County, Kenya. The significance of the study lied on the strength that would be important to stakeholders of education as they will gain the most recent and detailed information about public primary school head teachers’ financial management gaps and the best practices in meeting the dearth. This study was guided by Organization Systems Theory. This study employed a descriptive survey design. The population of the study included all the head teachers and hence, census sampling technique was used to select the whole study population as a study sample since the population was small. Questionnaires and interview schedules were used to collect quantitative and qualitative data respectively. The study revealed quite important insight to the financial skills and financial management nexus. The findings of the study established a positive correlation between financial training and the financial management function. The study further established that financial training factor has the strongest association to financial management. The study concludes that the financial training was statistically a significant factor in relation to the financial management practices in the schools in Endebess Sub County. Given that the financial training component of financial skills has one the highest influence on financial management in primary schools in the study area, the study recommends that the duty bearer should provide regular finance trainings to support the chief executive officers, head teachers, and the school management teams updating their financial competencies regularly.