Budgetary control practices of manufacturing enterprises in Binangonan, Rizal calendar year 2015 Jessa Marie M. Bunot, Joshena Marie A. Miguel, Giezel M. Santiago, Aira Monique D. Vallestero

Thesis BSBA-FM University of Rizal System, Binangonan 2017

includes bibliographical references

This study aimed to determine the budgetary control practices of manufacturing enterprises in Binangonan, Rizal Calendar Year 2015. It focused on two main aspects of budgetary control namely: Operating and Financing Activities. The researchers used the descriptive method and a questionnaire checklist in collecting the necessary data to determine the budgetary control of thirty (30) manufacturing enterprises in Binangonan, Rizal. The data was tabulated, analyzed and interpreted using a different statistical treatment such as frequency, percentage, and rank distribution weighted mean and One-Way ANOVA. Based on the data presented, with respect to respondents' profile particularly in terms of age, most of the respondents we're in middle adulthood, male, married, college graduate, of the majority we're owners, production manager and followed by budget officer, most of them are already in their 5Year in the company. With respect to the business profile majority of them were single proprietorship, operated for 6 to 10 Years, with a minimal initial capital which was obtained from personal savings. With regards to the perception of the respondents in the budgetary control practices, it registered an average mean of 4.03 interpreted as frequently. Based on the result there was no significant difference in the perception of the respondents in terms of age, sex, civil status, educational attainment, position, Year in position, form of business, Years of existence and initial capital. On the other hand the result shows that there were significant difference in sources of capital and number of employees. This implies that personal savings is a great source of capital which commonly used by business owners to help pay for startup costs and won't incur any interest expense when you use your own money to finance your business. A person with savings can afford to think about long term career goal rather than focusing on a job to pay for immediate needs. Furthermore, the number of employees shows that the more people are available to work, the faster projects can be completed or the more projects a company can take on. When the level of manpower in a company is adequate, the business has more options in how it operates. Additionally, the company has more employees who can give their own ideas and perspectives. It therefore may have an easier time remaining innovative and competitive. Based on the findings and conclusions of the study, the following recommendations were hereby presented. The budget officer should be equipped enough to have skills and knowledge to handle the different situation regarding budgetary control practices and such situation will serve a good purpose for the benefit of both employees and organization as a whole. They should continue providing supervision on their budget and also for implementing it. The production and sales manager should look ahead, to set out detailed plans for achieving the targets for each project and also to give an idea. The manufacturing enterprises' must give a budget for training and seminars for their staffs and managers to improve their knowledge and skills. Controlling strategies should be right and maintainable. The manufacturing enterprises must have strict supervision in terms of budgetary control practices, to assure the goodness of the business.