Study on Finance in Bright Way Institution
Mr.Pankajkumar Rajan Ram, Prof.Rameshwari Akkoikar,Dr.Ashwini Kshirsagar
Mr.Pankajkumar Rajan Ram ,MASTERS OF MANAGEMENT STUDIES & Alamuri Ratnamala Institute of Engineering and Technology (ARMIET),
Prof.Rameshwari Akkoikar, MASTERS OF MANAGEMENT STUDIES & Alamuri Ratnamala Institute of Engineering and Technology (ARMIET),
Dr.Ashwini Kshirsagar, MASTERS OF MANAGEMENT STUDIES & Alamuri Ratnamala Institute of Engineering and Technology (ARMIET),
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Abstract
This study delves into the financial management practices of Bright Way Institution, exploring various aspects related to financial planning, budgeting, resource allocation, and performance evaluation. The financial health of an educational institution is crucial for its sustainability and ability to provide quality education. The research employs a mixed-methods approach, combining quantitative analysis of financial data with qualitative insights gathered through interviews and surveys.
The study begins by providing an overview of the current financial landscape in the education sector and the challenges faced by institutions. It then narrows its focus to Bright Way Institution, analyzing its financial statements, budgetary allocations, and investment strategies. The quantitative analysis includes key financial ratios, liquidity assessments, and trend analyzes to evaluate the institution's financial stability and efficiency.
In addition to quantitative measures, qualitative aspects are explored through interviews with key stakeholders, including financial officers, administrators, and faculty members. These insights provide a holistic understanding of the institution's financial decision-making processes, risk management strategies, and the alignment of financial goals with educational objectives.
Key findings highlight the institution's strengths and areas that may require attention. Recommendations are proposed to enhance financial sustainability, improve resource allocation, and mitigate potential risks. The study also explores the role of technology in financial management and suggests ways to leverage financial technologies for greater efficiency.
Keywords:
Financial Management, Education Sector, Budgeting, Resource Allocation, Financial Sustainability, Risk Management, Financial Ratios, Higher Education, Performance Evaluation.
