EFFECTS OF CASH MANAGEMENT ON FINANCAIL PERFORMANCE OF PRIVATE SECONDARY SCHOOLS IN MUGADISHU-SOMALIA.

  • ABSHIR NUR MOHAMED Jomo Kenyatta University of Agriculture and Technology
  • NIGIB OMAR
DOI: https://doi.org/10.53555/bm.v2i9.1435
Keywords: cash management, cash budgeting, cash planning and financial performance

Abstract

his 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

Download data is not yet available.

Author Biographies

ABSHIR NUR MOHAMED, Jomo Kenyatta University of Agriculture and Technology

MSC Business Administrations Accounting of Jomo Kenyatta University of Agriculture and
Technology

NIGIB OMAR

The C.O.D Business Department at JKUAT Mombasa Mr. Nagib Omar

Published
2016-09-30
How to Cite
MOHAMED, A. N., & OMAR, N. (2016). EFFECTS OF CASH MANAGEMENT ON FINANCAIL PERFORMANCE OF PRIVATE SECONDARY SCHOOLS IN MUGADISHU-SOMALIA. IJRDO - Journal of Business Management, 2(9), 89-107. https://doi.org/10.53555/bm.v2i9.1435
Issue
Vol. 2 No. 9 (2016): IJRDO - Journal of Business Management
Section
Articles

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.