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Research Journal of Humanities and Social Sciences
Year : 2018, Volume : 9, Issue : 4
First page : ( 995) Last page : ( 1000)
Print ISSN : 0975-6795. Online ISSN : 2321-5828.
Article DOI : 10.5958/2321-5828.2018.00167.5

A Study on Financial Management of Unaided Private Schools in Gujarat State

Pandya Sandeep Kumar R1,*, Dr. Shah N. D.2

1Research Scholar, Gujarat University, Ahmedabad

2HOD, Principal, M. C. Shah Commerce College, Ashram Road, Ahmedabad

*Corresponding Author Email:

Online published on 30 January, 2019.

Abstract

This article focuses on the financial management of unaided private schools in Gujarat. The objectives of the study are budgeting process, during and after the establishment of the budget, the sources and problems of the sources of funding and possible ways to overcome these problems. Investigative approach is adopted in this study. The study population consists of 264 schools without help of Gujarat. Fifteen schools were selected using the technique of random sampling for the study. The data was collected using a questionnaire developed by the researcher. The main conclusions of the study are almost all unaided private schools in Gujarat have faced financial problems. schools consult not anyone expert for the preparation of the school's financial budget, for most members of the trustee and school principals are involved in the financial budget of the school; financial school files, cash memo and an expense receipt are standardize arranged at the school. However, schools must manage the financial situation and must provide quality education to the students. The improper financial management in school will affect quality education in schools without help of Gujarat.

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Keywords

Process of Budgeting, Finance management, un-aided private schools.

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