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

This document is currently not available here.

Share

COinS