CHARACTERISTICS OF BUDGETARY HIGHER EDUCATIONAL INSTITUTIONS'' FINANCIAL MANAGEMENT

Abstract

The article describes the main features of financial management in higher education, which affect the financial administration in short and long term. Financial management of budgetary educational institutions is studied as a goal-directed activity, including development of financial policy on the formation and allocation of resources in accordance with the budget assignments, ensuring their efficient use and preservation of solvency. Besides, the paper touches the issues of administrative control and audit, and features the economic methods of financial management.