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    Research62 2015

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    Ke Lopez
    This document summarizes a study that analyzed the financial management practices of selected student organizations at Columban College in Olongapo City, Philippines. The study surveyed student members of various organizations about their budgeting, financial record keeping, reporting, and monitoring practices. It found that most respondents were female, between 18-19 years old and had been in their organization for one year. The organizations had detailed annual budgets and financial policies and procedures documented. However, many student members still lacked knowledge about proper use and oversight of organizational resources. The researchers recommended more training and accountability measures to improve financial practices.

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    Research62 2015

    Uploaded by

    Ke Lopez
    28 views2 pages
    This document summarizes a study that analyzed the financial management practices of selected student organizations at Columban College in Olongapo City, Philippines. The study surveyed student members of various organizations about their budgeting, financial record keeping, reporting, and monitoring practices. It found that most respondents were female, between 18-19 years old and had been in their organization for one year. The organizations had detailed annual budgets and financial policies and procedures documented. However, many student members still lacked knowledge about proper use and oversight of organizational resources. The researchers recommended more training and accountability measures to improve financial practices.

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    This document summarizes a study that analyzed the financial management practices of selected student organizations at Columban College in Olongapo City, Philippines. The study surveyed student members of various organizations about their budgeting, financial record keeping, reporting, and monitoring practices. It found that most respondents were female, between 18-19 years old and had been in their organization for one year. The organizations had detailed annual budgets and financial policies and procedures documented. However, many student members still lacked knowledge about proper use and oversight of organizational resources. The researchers recommended more training and accountability measures to improve financial practices.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    28 views2 pages

    Research62 2015

    Uploaded by

    Ke Lopez
    This document summarizes a study that analyzed the financial management practices of selected student organizations at Columban College in Olongapo City, Philippines. The study surveyed student members of various organizations about their budgeting, financial record keeping, reporting, and monitoring practices. It found that most respondents were female, between 18-19 years old and had been in their organization for one year. The organizations had detailed annual budgets and financial policies and procedures documented. However, many student members still lacked knowledge about proper use and oversight of organizational resources. The researchers recommended more training and accountability measures to improve financial practices.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    See discussions, stats, and author profiles for this publication at: https://www.researchgate.

    net/publication/350148421

    FINANCIAL MANAGEMENT PRACTICES OF SELECTED STUDENT


    ORGANIZATIONS IN COLUMBAN COLLEGE, OLONGAPO CITY

    Article · March 2021

    CITATIONS READS

    0 466

    5 authors, including:

    Eric Agullana Matriano


    Columban College, Inc.
    113 PUBLICATIONS   8 CITATIONS   

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    Some of the authors of this publication are also working on these related projects:

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    All content following this page was uploaded by Eric Agullana Matriano on 18 March 2021.

    The user has requested enhancement of the downloaded file.


    FINANCIAL MANAGEMENT PRACTICES OF SELECTED STUDENT
    ORGANIZATIONS IN COLUMBAN COLLEGE, OLONGAPO CITY

    Shayne Garcia, Crislie Ann Alves, Ianne Tsai and Prof. Dolly Abasta

    Keywords: financial management practices, student organizations, survey, Columban College

    The primary objective of the survey was to analyze the financial management practices
    among selected student organizations in Columban College Inc. and to develop more effective
    ways in improving the budget system and cost control. The respondents were the student members
    of an organization in Columban College. The financial practices of the student organization
    focuses among the planning and budgeting system, implementation of the budget, availability of
    financial records, reporting and monitoring. The following were the significant findings of this
    study. Majority of the respondents were female whose ages ranging from 18 - 19 years old. The
    majority number of years in an organization was one year.
    Majority of the respondents were a beginner to the student organization, to be more effective
    leaders, they must have a basic understanding about organizations’ finances. They must also have
    a strong communication to be aware on what is happening on their organizations. The respondents
    possessed an excellent rating on detailed annual budget that covers activities or program cost,
    written policies and procedures for financial operation, financing routines and recording
    procedures are clearly documented, monthly financial statements are available no later than the
    end of the following month, and the administrative review the monthly financial statement
    carefully. The researchers found out that most of the student members were lack knowledge with
    the use of the organization's resources. It is recommended that they must take an evaluation to the
    performance of the leaders and members for a better accountability to ensure that financial
    practices are effective and the organization is protected from abuse of organization resources.

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