Improving financial reporting to a government agency through information dissemination and training

Date of Publication

2017

Document Type

Master's Thesis

Degree Name

Master of Business Administration

College

Ramon V. Del Rosario College of Business

Department/Unit

Decision Sciences and Innovation

Thesis Adviser

Rachel A. Quero

Defense Panel Member

Raymund B. Habaradas
Maria Victoria P. Tibon
Reynaldo A. Bautista, Jr.
Brian C. Gozun

Abstract/Summary

This action research addressed the issue on the GOCCs lack of training in preparing financial reports. We identified the issue through the following manifestations: (1) untimely, (2) incomplete; and (3) inaccurate submission of financial reports by the GOCCs to our group. To collect and validate data, our group used the concept of data triangulation, the ladder of inference, the ORJI model, and the 5-whys, among others. Through these tools, we were able to conclude that the cause of their untimely, incomplete, and inaccurate submission was due to lack of formal training in preparing financial reports. We used the hierarchy of qualitative characteristics of financial information as our tool guide in assessing the reliability and relevance of the financial reports submitted by the GOCCs, and in disseminating the guidelines to GOCCs on proper financial reports. In addition, we used the iceberg model of competencies to help develop the GOCCs knowledge and skills on financial reporting to effectively perform their jobs. Hiatts ADKAR Model was also used in this research. This model focused on the involvement of those who are targets and subjects of change. This was important as we need all the collaborators of this action research to be involved and dedicated in implementing change in our group. Dissemination of financial guidelines was used as an intervention in cycle 1 of this action research to direct the GOCCs on how to properly classify the transactions based on the account titles provided for in the financial reports. Formal training was implemented in cycle 2 to help the GOCCs be familiarized on the format and the proper classification of transactions using the account titles of the financial reports. These interventions improved the timeliness and quality of financial reports submitted by the GOCCs.

Abstract Format

html

Language

English

Format

Electronic

Accession Number

CDTG007140

Shelf Location

Archives, The Learning Commons, 12F Henry Sy Sr. Hall

Physical Description

1 computer disc ; 4 3/4 in.

Keywords

Government corporations--Philippines; Financial statements--Philippines

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