THE ROLE OF FINANCIAL MANAGEMENT IN PERFORMANCE OF NON-PROFIT ORGANIZATIONS IN MOGADISHU SOMALIA
Keywords:
financial management, performance of non-profit organations, cash management, capital budgeting practices, financing practices.Abstract
This study investigated the role of financial management in performance of non-profit organizations the objectives of this study are to investigate cash management practices in non-profit organizations, to identify impact of capital budgeting practices in non-profit organizations and to determine the financing practices in non-profit organizations to achieve the objectives of this study, data was collected from 67 managers of some selected companies in Mogadishu – Somalia. Primary data has been used, researcher managed correlation research design to test the role of importance financial management in non-profit organizations by using SPSS software, also descriptive analysis such as frequency and percentage used to analyze the characteristics of respondents. As result of the analysis, the study revealed that all the dimensions of – financial management have a positive correlation with non-profit organizations. In conclusion the result indicated that there is strongly positive relationship the role of importance financial management in non-profit organizations.
