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Educational Planning & Financing

Financial Administration

Meaning of Financial Administration The term Financial Administration consists of two words. ‘Finance’ and ‘Administration’. The word ‘administration’ refers to organization and management of collective human efforts in the pursuit of a conscious objective. The word ‘finance’ refers to monetary resource. Financial administration refers to a set of activities which are related to making available...Read More

Financial Planning

Definition of Financial Planning Financial Planning is the process of estimating the capital required and determining its competition. It is the process of framing financial policies in relation to procurement, investment and administration of funds of an enterprise. Objectives of Financial Planning Financial Planning has got many objectives to look forward to: Determining capital requirements–...Read More
Significance of Planning

Role, Significance & Advantages of Planning

An organization without planning is like a sailboat minus its rudder. Without planning, organization, are subject to the winds of organizational change. Planning is one of the most important and crucial functions of management. According to Geroge R. Terry, “Planning is the foundation of most successful actions of any enterprise.” “Without planning business becomes random...Read More

Need and Scope of Educational Planning

Definition Educational Planning is defined as: “The process of determining the objectives of education, educational institutions, or educational programs and the means (activities, procedures, resources, etc.) for attaining them.” or “The process of making arrangements or preparations to facilitate the training, instruction or study that leads to the acquisition of skills or knowledge, or the...Read More
Planning - Concept and Characteristics

Concept, Nature and Characteristics of Planning

Meaning and Concept of Planning In simple words, planning is deciding in advance what is to be done, when where, how and by whom it is to be done. Planning bridges the gap from where we are to where we want to go. It includes the selection of objectives, policies, procedures and programs from among...Read More

Steps Involved in Planning

Definition of Planning “Planning is the process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the goals.” Synonyms: plan, blueprint, design, project, scheme, strategy Steps Involved in Planning Planning is a process which embraces a number of steps to be taken. Planning is an intellectual exercise and a conscious determination of courses of action. Therefore,...Read More

Approaches to Educational Planning

The word ‘planning’ has lost the undertones it had earlier of infringement with individual liberties and is becoming increasingly accepted by all as part of the vocabulary of development, each country having its own type of planning within its own political system. In what follows, planning refers to the system a country adopts of forecasting...Read More
Sources of Financing

Sources of Financing

Financing is defined as the act of providing funds for business activities, making purchases or investing. Financial institutions and banks are in the business of financing as they provide capital to businesses, consumers and investors to help them achieve their goals. The Education funding comes from many different sources. The total level of funding a...Read More