Working Capital Management of Cooperatives Among State Universities and Colleges in Caraga

Authors

  • Dr. Hasmenia N. Lasque Surigao del Sur State University

DOI:

https://doi.org/10.21016/ICEPSS.2016.AP20WF163O

Keywords:

working capital, cooperatives, cash management, receivable management and inventory management

Abstract

This research assessed the level of effectiveness of Working Capital Management among State Universities and Colleges in Caraga, in terms of cash management, receivable management, and inventory management. The two types of respondents such as the cooperative management officers and members answered the questions about the real facts relating to the existing conditions of the different cooperatives in Caraga. The cooperatives in the Caraga region had greatly handled their respective cooperative in terms of cash management, receivable management, inventory management specifically, in general, aspect receiving, raw materials–storeroom, work-in-process, and finished goods inventory. It has a higher survival rate in terms of start-up capital. As democratic nature, members have a common bond of interest, they work together for the betterment of the members and for the sustenance of the cooperative as a whole. It also enables us to know the financial management as to working capital because it plays an important role in the business. In foreign countries, they consider cooperative as a successful enterprise to engage with, Since they believe that ample working capital sustained a business. In order to improve working capital management practices, it is essential for the finance manager to adopt a proper approach to working capital decision making to drive their respective firms towards success. In addition, managerial improvement, cultural factors be considered, proposed best practices should be formulated based on the actual practices of the different cooperative among State Universities and Colleges in Caraga.

References

Loughran, Maire (2013), How to Assess Inventory Management Control Risk. To make Absolutely Certain That Recorded Inventory Actually Exists.

Srinivas, Srinkath (2011) Journal of Business Logistics.The Efficiency of an Organization is measured in terms of certain parameters such as profit and earnings.

Saldaña, Cesar G. (1992), Financial Management in the Philippine Settings, Fifth Printing.The amount of funds tied up at day stage of the cycle;from the times funds are initially committed for the time all the inputs have been expended and the finished product is ready for the market.

Published

2016-10-23

How to Cite

Lasque, H. (2016). Working Capital Management of Cooperatives Among State Universities and Colleges in Caraga. Conference Proceedings of Educational Paradigm, Systems and Strategies, 3(2), 176. https://doi.org/10.21016/ICEPSS.2016.AP20WF163O