Questions

1. Income
generated is
monitored
2. Reliable
budget plan
3. Business
assets are
separated
from personal
assets
4. No cash
shortages
experienced
5. Business
expenses are
separated
from personal
expenses
Factor average

Canteen
Weighted
Description
Mean

Carinderia
Weighted
Description
Mean

4.33

4.21

4.33

3.95

VG

4.67

4.32

4.33

3.21

4.67

4.11

4.47
Fcomp=
Ftab=

3.96
Decision:
Interpretation:

VG

BENEFITS
Questions
1. unmonitored
losses
2. unreliable
budget plan
3. theft
4. cash
shortages due
to losses, credit
sales, etc.
5. business
expenses and
personal
expenses are
mixed up
Factor average

Canteen
Weighted
Description
Mean

Weighted
Mean

Carinderia
Description

MS

2.32

FS

1.67

NS

2.47

FS

FS

2.53

FS

2.67

MS

2.53

FS

2.67

MS

1.95

FS

2.40
Fcomp=
Ftab=

FS

2.36
Decision:
Interpretation:

FS

Appendix

Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

LEVEL OF IMPLEMENTATION
A. FINANCIAL RECORD KEEPING
1. Maintenance of books of
accounts
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

22

2. Updating books of accounts

on a timely basis
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

22

Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

3. Updating of books of
accounts for filing income
tax

fx = 86 =3. 91(Often Implemented )

N

22

2. Cash balance are monitored

in a timely basis

fx = 74 =3.36(Sometimes Implemented )
=
N
22
4. Adequacy of handling
devices for the security of
books of accounts

Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

B. CASH PLANNING
1. Specific budget is being
followed

22

Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

22

fx = 72 =3.28 (Sometimes Implemented )

fx = 77 =3.5(Often Implemented )
N

5. Accessibility of the books of

accounts for monitoring

fx = 68 =3.09(Sometimes Implemented )
N

fx = 71 =3.23 (Sometimes Implemented )

Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 88 =4 (Often Implemented )
N

22

3. Activities are done to avoid

negative cash balances or
cash shortages
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 7 6 =3. 45(Often Implemented )

N

22

4. Prepared cash budgets are

utilized
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 82 =3.73(Often Implemented )
N

22

5. Excess cash is utilized for

other income generating
purposes
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 77 =3.5 (Often Implemented )

N

22

C. CREDIT AND COLLECTION

1. Credit is collected on a
timely basis

Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 76 =3. 45(Often Implemented)

N

22

2. Credit sales are recorded on

a regular basis
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 81 =3.68(Often Implemented)
N

22

3. There is a limit on extending

credit to customers
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 79 =3.5 9(Often Implemented )

N

22

4. Issuance of official billings to

acknowledge cash
collections from customers
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 7 4 =3. 37(Sometimes Implemented )

N

22

5. Credit application in case of

cash shortages
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

22

LEVEL OF EFFECTIVENESS
1. Income generated is
monitored
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 93 =4.23(Excellent )
N

22

2. Reliable budget plan

Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 88 =4 (Very Good )
N

22

3. Business assets are

separated from personal
assets

fx = 96 =4.36 (Excelle nt)

N

22

4. No cash shortages
experienced

fx = 73 =3.32(Sometimes Implemented )
N

Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 74 =3. 36(Good )
N

22

5. Business expenses are

separated from personal
expenses
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 92 =4.18(Very Good)
N

22

LEVEL OF SERIOUSNESS
1. unmonitored losses
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented

Total

fx = 5 3 =2.41(Fairly Serious)
N

22

2. unreliable budget plan

Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 55 =2.5( Fairly Serious)

N

22

3. theft
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 54 =2.46(Fairly Serious)
=
N

22

4. cash shortages due to

losses, credit sales, etc.
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 56 =2.55(Fairly Serious)
N

22

5. business expenses and

personal expenses are mixed
up
Evaluation
Always Implemented
Often implemented
Sometimes implemented
Seldom implemented
Never implemented
Total

fx = 45 =2.05( Fairly Serious)

N

22