Management Of University Finances For Viable Growth And Institution –Expansion In Uganda

Abstract

The paper explored managing university finances for sustainable growth and institution expansion. The study incorporated an exploratory design scanning through the existing literature from past studies whose findings related to inferences of the financial management practices on organization sustainability and expansion. The study established that for the universities to attain sustainable growth and expansion they should adhere to forty-six (46) financial management practices as illustrated in the paper. The paper established that companies must enhance managerial, financing, working capital and investment decisions in their financial management process and develop capabilities, knowledge, and competence to improve business progress. The paper revealed that companies should focus on micro and macro factors that drive businesses to gain competitive advantage and enhance their financial sustainability. The study concluded that managing university finances is an integral element of an entity’s sourcing, allocation, and controlling of resources. The paper observed that the management of university finances relates to how the entity manages its assets to generate revenues and pay obligations as they fall due.