Effectiveness of Financial Control Mechanism on Effective Management of Income Generating Activities in Public Universities: A Case of The Open University of Tanzania

Tadei, Stella (2014) Effectiveness of Financial Control Mechanism on Effective Management of Income Generating Activities in Public Universities: A Case of The Open University of Tanzania. Masters thesis, The Open University of Tanzania.

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Abstract

This study was to examine the effectiveness of financial control mechanism on effective management of incomes from income generating activities performance to public universities in Tanzania particularly at the Open University of Tanzania. The data were collected from individual interview using questionnaire. Descriptive statistics such, frequency and percentages analysis were employed to analyze financial control mechanism and type of income generation activities on the effectiveness management to the public universities. The data analyses were used to identify the major activities to the performance of income generating in public universities in Tanzania. A broad study was done with regards to the various variables showing how each of them affects performance of income generating activities. Results obtained from the study indicated that the income generated was classified by the nature of the activities: fee collection, Consultancy, short and long courses Training, on rental collections, rental fees charged and hiring of University premises example of hall, canteen are effective income. The results obtained further showed that majority agree that corporate governance or good governance is a structures, systems and process that provide direction, control and accountability for public universities. The study concluded by making suggestions which could improve income generation activities in the study area and in Tanzania as a whole. Therefore, policy aimed to accelerate national income development in financial management could be successful if the aforementioned control mechanisms for the public universities are taken in to consideration.

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