FINANCIAL MANAGEMENT IN THE LORD’S CHOSEN CHARISMATIC RIVAL MINISTRY
Objectives of the Study
The aims of the research are as follows:
- To examine the financing decisions of the
- To examine the investment decisions of the
- To examine the reward systems of the
- To examine the challenges faced by the church in achieving the financial obligations.
Research Questions
- What are the sources of funds for the church?
- What are the major investment opportunities for the church?
- What are the reward systems available for the church?
- What are the challenges faced by the church in achieving the financial obligations and how are the problems overcome?
CHAPTER ONE 1
INTRODUCTION 1
Background of the Study 1
Statement of the Problem 3
Objectives of the Study 3
Research Questions 4
Scope of the Study 4
Justification/Rationale of the Study 4
Limitations of the Study 5
Organization of the Study 5
CHAPTER TWO 7
REVIEW OF RELATED LITERATURE 7
Introduction 7
Definition of Financial Management Process 7
Basic Challenges of the Process 7
Church Budgeting 9
Accounting and Internal Control Systems 12
Definition of Charismatic Church 15
Principles and Beliefs 16
Pentecostals 16
Charismatic movement 17
2.5.6 Neo-charismatics 17
Sources of church funds 17
Major Investment Opportunities for the Church 19
Reward Systems Available for the Church 21
Implications on Rewards for the Church Organization 23
Challenges Faced by the Church in Achieving the Financial Obligations and how the Problems are Overcome 26
CHAPTER THREE 33
METHODOLOGY 33
Introduction 33
Research Design 33
Population of the study 33
Sample and Sampling Technique 34
Data Collection 35
Primary Data 35
Secondary Data 36
Instrumentation 36
Pre-Test of the Study Instrument 36
Data Analysis Procedure 37
Ethical Considerations 37
History of Charismatic Churches 37
CHAPTER FOUR 39
DATA PRESENTATION, ANALYSIS AND DISCUSSION OF FINDINGS 39
Introduction 39
Demographic Characteristics of Respondents 39
Sources of Funds for the Church 44
Keeping Records of Church Funds 49
Major Investment Opportunities for the Church 51
Reward Systems (motivation) Available for the Church 55
Challenges faced by the church in achieving the financial obligations 59
Overcoming the challenges faced by the church in achieving the financial obligations 63
Assessment of Financial Statements of the Churches using key Ratios 66
Profitability Ratio 66
CHAPTER FIVE 68
SUMMARY OF FINDINGS, RECOMMENDATIONS AND CONCLUSIONS 68
Introduction 68
Summary of Findings 68
Identify the Sources of Funds for the Church 68
Major investment opportunities for the church 69
Reward Systems (motivation) Available for the Church 69
Challenges faced by the church in achieving the Financial Obligations 69
Recommendations 70
Suggestion(s) for Further Research 72
Conclusions 72
REFERENCES 73
Contents