Overview

Original Research

ANALYSIS OF EFFECTIVENESS ON FINANCIAL MANAGEMENT AND FINANCIAL PLANNING IN THE EDUACATION SYSTEM

Dr. MANJU SHREE RAMAN 1, Dr. D. IMMANUEL 2, M.AMRUTHA 3, Dr.M.A.SURESH KUMAR 4, Dr.B. N. SATHYA BHAMA 5 and SINDHURA KANNAPPAN 6.

Vol 17, No 06 ( 2022 )   |  DOI: 10.5281/zenodo.6668675   |   Author Affiliation: Professor-Management, College of Business & Economics, Debre Tabor University, Ethiopia, East Africa 1; Associate Professor, Department of Management Studies, Sona College of Technology, Salem, India 2; Assistant Professor of Commerce, Sree Vidya nikethan Engineering College, Tirupati, Andhra Pradesh 3; Associate Professor -Management Studies, Adhiyamaan College of Engineering (Autonomous) Hosur, India 4; Associate Professor, Department of Commerce &Management, V. E. T. First Grade College, Bangalore, India 5; Research Scholar, Department of Management Studies, University of Madras Chennai, India 6.   |   Licensing: CC 4.0   |   Pg no: 657-663   |   To cite: Dr. MANJU SHREE RAMAN, et al., (2022). ANALYSIS OF EFFECTIVENESS ON FINANCIAL MANAGEMENT AND FINANCIAL PLANNING IN THE EDUACATION SYSTEM. 17(06), 657–663. https://doi.org/10.5281/zenodo.6668675   |   Published on: 17-06-2022

Abstract

Financial management and financial planning to the improvement of the efficient and effective use of finances in education system. This includes the financial activities' planning, arranging, directing, and controlling. Financial planning is the process of defining financial objectives, rules, procedures, plans, and budgets. Education departments would be able to properly deal with financial planning in the education field if they are well informed on their duties and responsibilities in financial management. Financial planning and management are essential components of effective and efficient financial management in education. The goal of the fieldwork was to determine the scope of potential financial management and planning issues in educational management. Major variables in the education system, such as strategic management and budgeting, planning, financial control, and the management cycle, were discovered.

Keywords

Management, Finance, Planning, Budget, Control, Education system