The special possessions of cash management studies on the monetary performance of boarding schools in Mashonaland East, Zimbabwe.

Author

Machuma, Clive

Title

The special possessions of cash management studies on the monetary performance of boarding schools in Mashonaland East, Zimbabwe.

Abstract

This study aimed to investigate how boarding schools in Mashonaland East, Zimbabwe manage and control their finances optimally. It was found that poor cash management practices and inadequate bookkeeping negatively affect boarding schools’ financial performance, resulting in a gap in fee collection to pay for teacher salaries, boarding expenses, and outstanding debts. This study aims to identify cash management practices implemented by boarding schools, govern the influence of cash planning techniques on financial performance, and establish any statistical relationships between cash management and pecuniary performance. The researcher sent 20 questionnaires to each boarding school in Mashonaland East and received back 18 completed questionnaires. The research data composed was evaluated by means of descriptive and statistical approaches. This study recommends that boarding schools adopt cash management strategies to improve fee collection, accounting, and better manage funds from sources other than fees. The outcomes showed that effective cash supervision have a direct sway on the financial performance of boarding schools in Mashonaland East, Zimbabwe. This study suggests that all variables, particularly the management of cash, are significant in determining the financial performance of boarding schools.

Date

2023

Publisher

BUSE

Keywords

Cash Management,

Cash Budgeting,

Cash Planning,

Financial Performance

Supervisor

N/A