Evaluation of Financial Forecast at Barangka Credit Cooperative/ Traballo, Jhonmel C. [and] Zamora, Jasper T.

Undergraduate Thesis Bachelor of Science in Business Administration Major in Financial Management University of Rizal System, Rodriguez, Rizal 2019

This study aimed to evaluate the Financial Forecasting of Barangka Credit Cooperative for calendar year 2016. The researcher used the qualitative Method using the documentary analysis. The documentary analysis of research was used in this study in order to present the important information about Evaluation of Financial Forecasting in Barangka Credit Cooperative calendar year 2016. For better result and accuracy of interpretation in the gathered data, researchers used interview guide questions to determine the profile, of the cooperative in terms of type of cooperative and the number of the years in operation and how cooperative evaluated their financial forecast. From the gathered data, the following findings were drawn. In terms of type of cooperative, Barangka Credit Cooperative was formed as credit cooperative, it was created for the purpose of alleviating poverty by granting loans to members for productive, education and providential purposes. In terms of years in operation, Barangka Credit Cooperative operated for thirty one years (31) with nineteen thousand fifty two (19,052) members Barangka Credit Cooperative evaluated the financial forecasting in terms of share capital, savings plan and time deposit. The target of share capital was not achieved having a deficient of 12 45% or P26.224,800, In savings plan, the target of P90,000,000 was not achieve having a deficient of P2, 994.897 with a percentage of 3.38%. With regards to the time deposit, the target plan amounting P339,000,000 increases from 6.91% or 23,434,929 from actual amount of P362, 434,929.