Budgeting

Describe objectives, functions and significance of financial management.

Introduction Financial management is an essential function in any organization—be it a government body, business enterprise, or development agency. It involves planning, organizing, controlling, and monitoring financial resources to achieve organizational goals. Efficient financial management ensures that resources are used wisely, risks are minimized, and long-term sustainability is maintained. In this article, we will describe […]

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Discuss, briefly, how finance of a distance education institution is managed.

Introduction Finance is the backbone of any educational institution, including those operating in the Open and Distance Learning (ODL) mode. Managing finances in a distance education institution requires careful planning, budgeting, and allocation to ensure quality education delivery while maintaining operational sustainability. Institutions like IGNOU must ensure that financial management aligns with their academic goals,

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