Internal control policies and procedures on cash management practices of Planters Products Incorporated /
Alvarez, Patrick C.
Internal control policies and procedures on cash management practices of Planters Products Incorporated / by Patrick C. Alvarez. - Indang, Cavite : Cavite State University-Main Campus, 2015. - ix, 59 pages : illustrations ; 28 cm.
Case Study (BS Business Management--Financial Management) Cavite State University
Includes bibliographical references.
College of Economics, Management, and Development Studies (CEMDS) College of Economics, Management, and Development Studies (CEMDS)
ALVAREZ, PATRICK C., Internal Control Policies and Procedures on Cash Management Practices of Planters Products Incorporated. A Case Study. Bachelor of Science in Business Management major in Financial Management, Cavite State University, Indang, Cavite. November 2015: Adviser: Cecilia T. Cayao.
This case study was conducted to analyze the internal control policies and procedures on cash management practices of Planters Products Incorporated, located at 4/F Planters Products Inc. Building, 109 Esteban Street, Legaspi Village, Makati City. It was conducted from April 13 to May 28, 2015. Specifically, the study analyzed the history of the company, organization and management, and products and services offered by the company. The study also aimed to determine and analyze the internal control policies and procedures used by the company for proper management and protection of cash. Problems encountered by the company which are related to the internal control policies and procedures on cash management of the company were also identified and given feasible solutions beneficial to the firm. Internal control by its very nature is essentially a managerial responsibility. Internal control consists of all the related methods and measures adopted within a business to safeguard assets, and enhance the reliability of accounting records and related activities. Effective internal controls include cash forecasting, weekly budgeting, management of multiple bank accounts, management of cash in bank and cash deposits, use of check as form of payment, and management of petty cash fund. The SWOT Analysis used in the study showed that the company exercised best practices of internal control that lead to security of cash. However, proper monitoring should always be practices to avoid poor cash management decisions.
The company, in its pursuit of attaining corporate objectives and goals, commits itself to the principles and best practices of internal control policies and procedures on cash management practices. These controls are directed towards building a company that adopts best practices in the area of systems and discipline. Improvement in the internal control system and proper storage of documents were recommended to the company.
Finance
332 / Al8 2015
Internal control policies and procedures on cash management practices of Planters Products Incorporated / by Patrick C. Alvarez. - Indang, Cavite : Cavite State University-Main Campus, 2015. - ix, 59 pages : illustrations ; 28 cm.
Case Study (BS Business Management--Financial Management) Cavite State University
Includes bibliographical references.
College of Economics, Management, and Development Studies (CEMDS) College of Economics, Management, and Development Studies (CEMDS)
ALVAREZ, PATRICK C., Internal Control Policies and Procedures on Cash Management Practices of Planters Products Incorporated. A Case Study. Bachelor of Science in Business Management major in Financial Management, Cavite State University, Indang, Cavite. November 2015: Adviser: Cecilia T. Cayao.
This case study was conducted to analyze the internal control policies and procedures on cash management practices of Planters Products Incorporated, located at 4/F Planters Products Inc. Building, 109 Esteban Street, Legaspi Village, Makati City. It was conducted from April 13 to May 28, 2015. Specifically, the study analyzed the history of the company, organization and management, and products and services offered by the company. The study also aimed to determine and analyze the internal control policies and procedures used by the company for proper management and protection of cash. Problems encountered by the company which are related to the internal control policies and procedures on cash management of the company were also identified and given feasible solutions beneficial to the firm. Internal control by its very nature is essentially a managerial responsibility. Internal control consists of all the related methods and measures adopted within a business to safeguard assets, and enhance the reliability of accounting records and related activities. Effective internal controls include cash forecasting, weekly budgeting, management of multiple bank accounts, management of cash in bank and cash deposits, use of check as form of payment, and management of petty cash fund. The SWOT Analysis used in the study showed that the company exercised best practices of internal control that lead to security of cash. However, proper monitoring should always be practices to avoid poor cash management decisions.
The company, in its pursuit of attaining corporate objectives and goals, commits itself to the principles and best practices of internal control policies and procedures on cash management practices. These controls are directed towards building a company that adopts best practices in the area of systems and discipline. Improvement in the internal control system and proper storage of documents were recommended to the company.
Finance
332 / Al8 2015