Downloads: 8 | Views: 86 | Weekly Hits: ⮙1 | Monthly Hits: ⮙3
Case Studies | Accounting | Somalia | Volume 12 Issue 10, October 2023
Influence of Cash Management on Profitability on Some Private Universities in Mogadishu Somalia
Abdullahi Mohamed Ali
Abstract: The purpose of this study was to investigate the Influence of cash management on profitability at Private university in Mogadishu-Somalia. The objectives of the study were to establish the effects of cash control on Firms Profitability of private University, to evaluate the effects of cash planning on Firms Profitability of private University, to determine the effects of cash budgeting on Firms Profitability of private University and to investigate the effects of cash collection on Firms Profitability of private University in Mogadishu, Somali. The study adopted a descriptive research design. The target population in this study was 100 of employees of finance departments such as Cashiers and Accountants, Dean faculties and Managers of private universities in Mogadishu-Somalia that had took 80 of sample size which represented the target population. Simple Random Sampling technique was used in this study to come with a desirable sample. Primary data was collected by use of questionnaires and utilized in this study to enhance originality of the study. The questionnaires were administered to the randomly selected employees and managers who were the respondents. The study used the quantitative method of data analysis. The collected data was edited, presented and analyzed using Statistical Package for Social Sciences (SPSS) version 16. The quantitative data was analyzed using descriptive statistics. From the findings, the existence of cash management supports in adequate cash for purchases and other purposes, Ability to meet cash flow ,Allows planning for capital expenditure, Allows for financing at better terms, Enables you to make special purchases and take advantage of business opportunities and Facilitates invest and the existence of good cash management manipulated in existence of awareness and guideline for the asset of the company either financially and non-financially which ultimately facilitate in getting reasonable answer towards where did the cash come from where paid and net cash exist that give reasonable invest which is suitable the company and manipulate in the increase of the asset of the company. Hence there is a perfectly positive correlation between the cash management and firms’ performance in some private universities in Mogadishu-Somalia. The study recommends to every private university must have a procures and methods that they can guide for the cash or all the assets of the institution, assign a responsible group who are delegate for the responsibility of the cash, to enhance the ways and strategies that the university can a manage the cash according disbursement and even receipt increase in awareness of assets of the company continuously and make examine routinely and strength the internal control to words cash disbursement and receipt for every accounting period.
Keywords: Cash Management, Cash Planning, Cash Collection, Cash Payment, Cash Control, and Profitability
Edition: Volume 12 Issue 10, October 2023,
Pages: 1483 - 1488