EFFECTS OF CASH MANAGEMENT ON FINANCAIL PERFORMANCE OF PRIVATE SECONDARY SCHOOLS IN MUGADISHU-SOMALIA.
Abstract
This study tried to investigate how private schools can properly manage their cash in an “optimal way”. it was reported that among the problems that affect private schools in Mogadishu leading to their failure were negative cash management and poor record keeping at International Education. This leaves the gap that is poor
cash collection fees from the students and payment to pay teachers, operating expenses and miscalculate the actual time to collect student’s overdue accounts receivables, in which the researcher caused to in investigate about the impact of cash management on profitability of Private schools with a case study of secondary schools. The general objective of the study is to investigate the effects of cash management on profitability of private schools in Mogadishu, Somalia. Researcher was used descriptive and statistical analysis with the help of the SPSS computer package to analyze the data. The researcher recommends that the Private schools should adopt cash management strategy to increase their control to collections fees as it was founded that cash collection positively affects the financial performance of Private Schools to improve their competitiveness and financial performance. The findings indicated that cash management has high effect on financial performance of Private secondary schools in Mogadishu, Somalia. The results revealed that all variables were significant in explaining Financial Performance of Private secondary schools in Mogadishu, Somalia
Downloads
References
BalunywaWasswa (1995), an evaluation of business performance and second management decision paper presentation.Block B Stanley and Hirt A Geoffrey (1987), Fundamentals of financial management(4thedition) Irwin, Horme Wood.Griffith Williams (2001), Evaluating financial policies and corporate governanceinRussia in finance journal Vol. 3, No page 7-13.Kakuru Julius (2001), Financial decisions and business (2ndedition) Business publishing group Kampala.Kimbowa.p (2003), Survival growth and prodigality values and challenges, manufacturingfirms in Uganda.Lyroudi, K., &Lazaridis, Y. (2000). ―The Cash Conversion Cycle and Liquidity Analysis of the Food Industry in Greece.Lynch foulks (2005),financial management and control, foulks lynch publishers. Gupta Mahestwaki (1994) meaning of cash.Mills Geofrey(2007), finance decision and corporate performance, journal of international finance,vol13,NO.8page12-15 governance Vol 13, No. 8 page 12-15Pandey IM (2003), Finance management (7thED)Vikas publishing firms in UgandaPuxty G Anthony and DoddsJ.Collin(1991), Financial management method and meaning(2ndED )ChampmanShiff (1992), Finance decisions and corporate performance, a journal of internationalFinance.
an Horme C James (1989), Financial; management and policy (9th edition) prenticeinternational inc new DelhiBurns, SN & Grove, SK. 2003. Understanding nursing research. 3rd edition. Philadelphia: Saunders.Creswell, J. (2003). Research design: Qualitative, quantitative and mixed methods approaches (2nd ed.). Thousand Oaks, CA: SAGE Publications.Research Methodology: Methods and Techniques AuthorC. R. Kothari 2004Cooper, D.R. & Schindler, P.S. 2003.. Business research methods (5th ed.). Chicago: Irwin.Macroeconomics: Principles and Policy Paperback –Jun 14 2011 by William J. Baumol (Author), Dr. Alan S. Blinder (Author)Leire San Jose, TxominIturalde, AmaiaMasede (2008). Treasury Management versus Cash Management,International Research Journal of Finance and EconomicsManagementVol 6 No.1Marie, Jones (2001) Business basics Cash flow ManagementPublished by Chartered Institute of Management Accountants.Pandey, I.M. (2004) Financial Management7thEdition Delhi: Ram Pinto graphPidando, J (2001) Management of Company Treasury: Theory and Practical Application.Russell C (2005) Evaluating quantitative research reports. NephrolNurs J 32(1): 61–4Ryan-Wenger N (1992) Guidelines for critique of a research report. Heart Boston: McGraw-Hill.
Contemporary Financial Management By Moyer, McGuigan, &Kretlow (10th, Tenth Edition) Hardcover–2005 by James R. McGuigan, William J. Kretlow R. Charles Moyer (Author)Anthony G. Puxty, J. Colin Dodds, Richard M. S. Wilson (200) Financial Management Method and Meaning Published by Van Nostrand Reinhold (International) co ltd.Van Horne Mike (2002) Article “How to Analyze Profitability?”http://www.small-biz-ideas.com/how-to-analyze-profitability.htmlVan Horne.J.C (2002) Financial Management and Policy12thedition Pearson SingaporeMarsh, Terry, and Paul C. Pfleiderer. "The 2008-2009 Financial Crisis: Risk Model Transparency and Incentives."Rock Center for Corporate Governance at Stanford University Working Paper72 (2009).Abdinoor, Abdullahi. "Community assumes the role of state in education in stateless Somalia."International Education37.2 (2008): 43.Collis, J., and R. Jarvis. "Financial Information: The Vital Spark in Small Enterprise Management."national small firms policy and research conference.Vol. 1. Leeds; ISBA; (1997, 2000).Pandey, I.M. (2004). Financial Management. (9th ed.).Vikas Publishing House PVT Ltd
Author(s) and co-author(s) jointly and severally represent and warrant that the Article is original with the author(s) and does not infringe any copyright or violate any other right of any third parties, and that the Article has not been published elsewhere. Author(s) agree to the terms that the IJRDO Journal will have the full right to remove the published article on any misconduct found in the published article.
This work is licensed under a 