FINANCIAL MANAGEMENT IN THE LORD’S CHOSEN CHARISMATIC RIVAL MINISTRY

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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

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