DESCRIPTION OF THE KEY FUNCTIONAL ELEMENTS OF MANAGING FINANCIAL RESOURCES OF HIGHER EDUCATION INSTITUTIONS DURING THE PERIOD OF DEVELOPMENT
DOI:
https://doi.org/10.5281/zenodo.21320049Keywords:
financial management, higher education institution, budget management, financial resources, revenue diversification, budget control, financial stability, research income.Abstract
This article examines the theoretical and methodological foundations and practical aspects of financial
resource management in higher education institutions. The study systematically analyzes the key functional elements of
financial management — budgetary planning, execution, control, and analysis. The sources of financial resource formation,
their institutional characteristics, and functional roles in higher education institutions are investigated. The article proposes
a balance model (1) reflecting the equilibrium between financial revenues and expenditures, as well as an updated dynamic
model (2) capturing revenue growth trends. Strategic directions for ensuring financial sustainability in the competitive
environment between public and private higher education institutions are substantiated. The research findings include
practical recommendations aimed at expanding the financial autonomy of higher education institutions and increasing
revenues from scientific and innovative activities.
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