The Concept of Finance Control in Universities

Abstract

The article investigates issues connected with the necessity to conduct internal finance control of university functioning. The author tried to show the procedure of finance control in the system of higher education in Russia and ground its need both on the state (municipal) and on the inner -institutional level. The article describes the procedure of university finance control as a tool of raising the e fficiency in using resources. Theoretical base of the article is made by academic works dealing with the theory and methodology of finance control in the Russian Federation, as well as materials of research organizations, high education institutions, perio dicals. As a methodological foundation of the research the author used such methods as grouping, analysis, classification and synthesis. A conceptual approach to conducting internal finance control in university was advanced, which implies control by shaping business-processes with a possibility of graphic presentation of finance control cards in different notations. Finding of the research are useful both for university top management and for certain categories of university managerial workers, who deal with decision-making concerning strategy of university development with due regard to possible risks within the frames of limited finance resources.