Assessment of bookkeeping practices to enhance financial management in church assemblies in Bindura, Zimbabwe
- Author
- Samantha Kaseke L
- Title
-
Assessment of bookkeeping practices to enhance financial management in church assemblies in Bindura, Zimbabwe
- Abstract
- This study assesses the bookkeeping practices in enhancing financial management within church assemblies in Bindura, Zimbabwe, highlighting the significance of internal controls that enhance transparency accountability, and bookkeeping practices. There is growing concern regarding the management and oversight of financial resources within these churches, leading to instances of embezzlement and misuse of funds. The research aimed to; identify revenue streams for church activities; investigate current bookkeeping systems and practices; evaluate financial management transparency and accountability; pinpoint challenges in maintaining accurate financial records; and examine the relationship between bookkeeping practice and church size of church assemblies. Employing a descriptive research design, the study utilized mixed methods, that is quantitative and qualitative data collection approaches, analysing responses from a diverse sample of 99 congregants, including church leaders/ pastors, youth leaders, finance committee members, accountants and treasurers, and regular attendees. Data analysis was conducted using SPSS V20, presenting results through descriptive statistics, Cronbach's Alpha test, and correlation analysis. Findings reveal that the primary revenue sources for churches are tithes and offerings, with additional minor contributions for some sources of revenue. Most churches rely on manual bookkeeping, with varying degrees of internal control implementation. The study identifies several challenges faced by churches in their bookkeeping endeavors. Recommendations include further research into church bookkeeping practices and a transition towards computerized accounting systems for enhanced efficiency.
- Date
- June 2024
- Publisher
- BUSE
- Keywords
- Bookkeeping practices
- Church assemblies
- Financial management
- Supervisor
- N/A
- Item sets
- Department of Accountancy