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Faculty of Accounting and Informatics

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    Exploration of budget, budgetary control and performance of public hospitals in KwaZulu-Natal, Durban
    (2023) Fada, Sinesipho; Olarewaju, Odunayo Magret
    Budgeting and budgetary controls are instruments of financial management that are critical for the accomplishment of objectives and goals of an organisation. Hospitals are amongst vital organisations in every country that citizens rely upon to attend to their different injuries, ailments and more especially in times of crisis such as during the recent corona virus pandemic. It is in this vein that this work set out to explore the budget, budgetary control, and performance of public hospitals in KwaZulu–Natal, Durban. Seven hospitals were the subject of the investigation. The research employed quantitative data collection. A sample of seventy employees from different hospitals participated in the study. Data analysis relied on NVIVO and Statistical Package for Social Sciences (SPSS). The investigation discovered that poor budget planning and a low-income generation base make it difficult for these hospitals to meet their obligations as health care institutions. It is suggested that subordinates are always planning.
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    Financial preparedness of heads of departments in the Faculty of health Sciences at the Durban University of Technology KwaZulu-Natal, South Africa
    (2021-12-31) Allison, Wendy; Olarewaju, Odunayo Magret
    This study investigated the financial knowledge and skill levels of the Heads of Departments in the Faculty of Health Sciences (FoHS) at the Durban University of Technology (DUT). These department heads in the FoHS receive no formal training in financial management, yet are required to manage budgets and ensure that their department is financially viable. The study established the financial management proficiency of the Heads of Departments with a view to offering ways in which the financial management of the department heads could be improved. The data generated used a combination of open-ended and closed-ended questions, comprising of both qualitative and quantitative methodology, which followed a pragmatist paradigm. A total of 22 participants, all of whom served as the Heads of Departments between 2013 and 2020 were included in the sample. The researcher used SPSS Version 26® to analyse the quantitative data, and NVIVO to analyse the qualitative data. The identities of all the Heads of Departments in this study are withheld to maintain anonymity. The findings indicated that the financial management skills of these department heads are severely lacking, resulting in departments with compromised financial management. Added to this, universities can no longer rely on 1st or 2nd stream income alone, but departments need to create and manage 3rd stream income. None of this, especially the management of 3rd stream income, is possible without the relevant financial management training. These Heads of Departments require training in the creation of their budgets, as well as in the implementation and control thereof. The department heads agreed that they do not have these skills, and expressed a desire for financial management training.