Financial Management Skills and Performance of Vocational Institutions in Bushenyi District in Western Uganda

Abstract

The logical study cherished the association between Financial Management Skills and Performance of Vocational Institutions in Bushenyi District in Western Uganda. The research study employed a cross-sectional and descriptive research design with qualitative approach. The investigators used purposive sampling strategies to select the reading materials for the research study. A sample of 15 resources was selected from three Vocational Institutions for the purposes of carrying out a plausible study. Data was gathered by means of documentary reviews and examined by use of content and thematic analysis. The study findings revealed that Financial Management Skills significantly influence Performance of Vocational Institutions in the cosmos. The study concluded that Vocational Institution training has become increasingly central in addressing global challenges related to unemployment, skills mismatch, and sustainable economic development. From the study findings, the investigators recommended that there is need for Governments in the cosmos to augment on the funding for Vocational Institutions whether private or public Vocational Institutions because they help people acquire knowledge and skills for development in each respective country. There is need to review the existing curricula to have the real competency Based Curricula that can help the learners develop critical thinking in handling real world scenarios. Learners need to acquire generic skills such as effective communication, creativity and innovativeness while focusing on the three domains which include Cognitive, Affective and the psychomotor. This will help Graduates of Vocational Institutions not to be job seekers but job creators.