Enhancing Financial Management Practices in Public Schools: A Systematic Literature Review in Southeast Asia
Keywords:
financial management, public schools, Southeast Asia, stakeholder collaboration, capacity buildingAbstract
This systematic literature review investigates the financial management practices of public schools in Southeast Asia, focusing on budgeting, resource allocation, procurement, and internal auditing. Findings reveal a diverse range of practices, with some schools exhibiting robust financial management systems while others face challenges like budget deficits due to inadequate financial literacy. Stakeholder collaboration emerges as pivotal, facilitating efficient resource allocation and fostering transparency. Capacity-building initiatives are identified as essential to enhance financial literacy among school administrators and staff. Despite challenges such as funding constraints, opportunities for improvement include leveraging technology, enhancing transparency through regular financial reporting, and fostering collaboration with local communities. These findings underscore the importance of addressing financial management gaps to strengthen school performance and support the educational needs of students in the region.
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