Proper Internal Controls Boost Revenue Generation in Public Universities!
Public universities need to generate their own income because government funding can be unreliable. To do this, they need effective internal controls and diverse revenue strategies. Universities with good internal controls can diversify their revenue sources and generate more income. Those without proper controls struggle with resource management and rely on traditional activities for funding. In summary, having strong internal controls is crucial for public universities to successfully generate revenue through a variety of activities.
