Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Financial Management Practices and Financial Sustainability

Financial Management Practices and Financial Sustainability

Okonkwo, Doris Nkechinyere
M'Ithiria, Esther Nkatha
Macheru, Joseph

Paperback

Biographies General

ISBN10: 6208064872
ISBN13: 9786208064877
Publisher: LAP Lambert Academic Publishing
Published: Sep 6 2024
Pages: 120
Weight: 0.41
Height: 0.28 Width: 6.00 Depth: 9.00
Language: English
Women Religious Congregations view financial sustainability as a significant threat to religious life. Financial sustainability is essential for Women Religious Congregations so that they can be empowered and capable of taking on more development ownership activities, even when donor support ceases. Proper management of finances can contribute to the financial sustainability of organizations. This research aimed to establish the relationship between financial management practices (financing, budgeting, cash management, and financial reporting) and the financial sustainability of Women Religious Congregations in Karen, Nairobi Kenya.The study concluded that WRCs can enhance their financial sustainability by strategically managing their financing, budgeting, cash management, and financial reporting practices. The study recommends to WRCs and other nonprofit organizations the practice of developing sustainable internal income-generating activities, enhancing budget competency, effective cash management, using financial reporting software, and annual financial report auditing as essential means of boosting financial sustainability.

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