Financial operation of D.L. Ceñir transport in Taguig city calendar year 2015 Rochelle Ann O. Ceñir, Marinel B. David, Neil Christian A. Estacio

Thesis BSBA-FM University of Rizal System, Binangonan 2017

includes bibliographical references

The study determined the Financial Operation of D.L Ceñir Transport in Taguig City Calendar Year 2015. The study was conducted in C6 Road Hagunoy Taguig City to determine the Financial Operation of the D.L Ceñir Transport with emphasis on the inflows and outflows of funds. To know if there a proper recording and strict monitoring of transactions are complied with. The researchers used the descriptive method through a two-part questionnaire checklist fully-adapted from approved thesis. First part was the profile of the respondents in terms of age, sex, civil status, educational attainment and position. Second part referred to the different kinds of financial operation such as cash receipts / inflows, cash disbursement / outflows, safeguarding of assets and keeping of financial records. Based on the findings of the study, the researchers summarized and concluded the following: Part one with respect to the profile of the respondents, 41.0 percent were 27-32 Years old, majority were male and married. Most of them were high School level and their position is helper. Part two with respect to the perception of the respondents in financial operation of D.L Ceñir Transport in Taguig City in terms of cash receipts / inflows, requiring driver/collector to remit collections immediately to the cashier obtained the highest mean of 5.00 which verbally interpreted as Always. In cash disbursement / outflows, pays salary/overtime regularly to the employees/staff obtained the highest mean of 4.54 and verbally interpreted as Always. In safeguarding of assets, purchase quality tools from reliable supplies obtained the highest mean of 4.87 and verbally interpreted as Always. And in terms of keeping of financial records, conducts annual audit by internal and external audit obtained the highest mean of 4.48 and verbally interpreted as Always. The researchers formulated some recommendation to the study such as the management should train other staff in the collection function so that in case of the absence of the cashier another staff can take over. In the absence of the owner, the management shall allow or authorize the supervisor or the assistant manager in approving the disbursement of cash to avoid delay of operation and transaction in their transport operation and it is advised that D.L Ceñir Transport should set aside funds for emergencies or unexpected expenses with forecasting of cash inflows and outflows and should be done regularly in order to predict the various addition and withdrawals from the cash reservoir over an operating period. Also the management should check if the operation conforms with the financial plan in order that necessary adjustments can be made and the researchers would like to suggest conducting another study using other variables.