Timely financial reporting through daily cash reconciliation
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 Chair
Ma. C. P. Assumpta C. Marasigan
Defense Panel Member
Frances Jeanne L. Sarmiento
Louie A. Divinagracia
Maria Victoria P. Tibon
Brian C. Gozun
Abstract/Summary
This action research aims to address the lack of an effective tool in reconciling cash accounts which causes delay in the financial reporting closing process within our company, an online shopping website facility. The collaborative method used in this action research involves the cyclical stages of constructing, planning action, taking action and evaluating action. I applied the Scheins ORJI model, the Ladder of Inference, the 5 Whys, and the three types of inquiry for a better understanding of the issue and the intervention needed. For the conceptual framework, I used the Hierarchy of Qualitative Characteristics of Financial information as a guide in coming up with a tool in reconciling cash accounts. I also applied Lewins force field analysis for managing change. I and my team implemented a Daily Cash Reconciliation Worksheet as the intervention made in Cycle I of this action research for making timely and accurate financial statements. The formal training of financial personnel in reconciling accounts was the intervention made in Cycle II. Overall, these interventions were able to speed up the reconciliation of cash accounts which resulted in faster submission of financial reports in our company.
Abstract Format
html
Language
English
Format
Electronic
Accession Number
CDTG007110
Shelf Location
Archives, The Learning Commons, 12F Henry Sy Sr. Hall
Physical Description
1 computer disc ; 4 3/4 in.
Keywords
Cash management; Business enterprises--Finance; Corporations--Finance
Recommended Citation
Go, J. T. (2017). Timely financial reporting through daily cash reconciliation. Retrieved from https://animorepository.dlsu.edu.ph/etd_masteral/5773