Financial Management Skills Among Staff and Quality of Financial Reporting in Selected Commercial Banks in Mogadisiju, Somalia

ABSTRACT The Purpose of the Study was to ~tabiish the relationship between financial management skills among staffs and quality of financial reporting in selected commercial banks in Mogadishu Somalia. Four research objectives have been formulated to guide the study namely to determine the level of financial management skills among staff of the selected commercial banks, to determine the quality of reporting in selected commercial banks, to determine if there is relationship between the level of financial management skills and the level of quality of financial reporting in selected commercial banks. The, study was based primarily on descriptive and co relational design as well as quantitative methodology. The population was 110 employees of selected commercial banks and a sample ias been taken using Slovene’s formula. The sample of 101 employees was drawn and purposive sampling has been used and questionnaires and observations have been used as research instruments. The findings indicated that the sample was dominated by male staff (55.4%) over female staff (44.6%). Majority were aged between 30-40 years (62.4%), most of them had a Bachelor’s degree (78.2%) whereas majority of them had worked f’or 5-7 years (52.2%). Also data analysis showed that there is a significant correlation between level of Cinancial management skills and quality of financial reporting. The researcher also recommended that commercial banks of Mogadishu Somalia to always carry out book keeping automatically and this will help iem improve on their book keeping skills, the staffs of commercial banks in Mogadishu Somalia should always consider time of recording cash as an important thetor when managing cash and should always deliver the accounting information in a timely manner and this will make their financial information reliable.