MGT202
Lecture # 02
Financial Management in Education
Availability
To ensure liquidity (cash availability) to meet
daily needs and to increase cash available for
investment purpose.
Yield
To earn the maximum return on cash invested
Safety
To protect the assets of the school district against
loss
Cash Management
The conversion of accounts receivable to
cash receipts
The conversion of accounts payable to cash
disbursement
The rate at which cash disbursements clear
the bank
Maximizing the utilization of cash
Concluding Point
Lesson # 03
Characteristics of
Financial Management
in Education
Thank you very much
Take Care!