The school head is responsible for the overall management of the school. Therefore shelhe is in charge of the safety and development of all the different types of resources of the school. As we all know financial resources of any organisation, be it a school or any other institution, are indispensable for the day-to-day functioning and growth of the organisation. Therefore, the school head has the responsibility to ensure that the financial matters related to the school are properly taken care of. Mismanagement of financial resources can have serious legal implications and make the school head responsible for any kind of mismanagement of funds. Since he/she is the principal of a school, slhe is expected to be aware of the rules related to the financial aspects of the school and their implications and follow them meticulously.

Financial management has taken center stage in the world of private education. Heads of schools, CFOs, and Boards are focusing more and more time and effort to insure their schools have the financial resources to satisfy today's needs as well as tomorrow's goals. Regardless of their current condition, schools are keenly aware that they must continue to improve to be competitive in the high quality private school marketplace. Further, long-term sustainability is critical