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