Internal Controlling System, Revenue Diversification Strategies and Internal Revenue Generation of Public Universities: Theoretical and Empirical Article Review

摘要

Internal revenue generation is supposed to be a major source of income to all universities as government funding levels to such institution is fluctuate with the ups and downs of government resources that accompanied by the rapid expansion of public institutions. The capacity of most institution regarding to internal revenue generation are subject to the pursued types of revenue diversification strategies which used to generate a sufficient revenue for the institution continuously. Also, for having a well-planned and diversified revenue strategies it necessary to call for the existence of highly effective internal controls system in institutions. In this regard, this study attempts was attempt to review the relationship between internal control system, revenue generating strategies and internal revenue of public institutions. Accordingly, the review was found that those institution which established proper internal control systems have a capabilities to diversify their revenue generating activities and consequently this enable them to generate sufficient revenue through a well-managed and diversified revenue activities while those institution which are not established proper internal control systems was not and such institutions usually well known for its improper resource handling, undertake less revenue activities and inadequate funds(focus mostly on traditional activities). In fact, all issues of poor resource mobilizing and improper of resource handling in the public institutions revolve around this particular internal control systems factor and pose very serious threat to the entire revenue generation strategies functioning and existence of institution.