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Buget system of Imperial Homes Corporation / by Alyzza Reline G. Astudillo.

By:

Astudillo, Alyzza Relline G [author]

Contributor(s):

Corpuz, Estrellita D [adviser]

Material type: Text

TextLanguage: English Publication details: Indang, Cavite : 2012. Cavite State University- Main Campus,Description: xi, 77 pages : illustrations ; 28 cmContent type:

text

Media type:

unmediated

Carrier type:

volume

Subject(s):

DDC classification:

333.3 As8 2012

Online resources:

Click here to view thesis abstract and table of contents

Production credits:

College of Economics, Management, and Development Studies (CEMDS)

Abstract: ASTUDILLO, ALYSSA RELLINE G. “Budget System of Imperial Homes Corporation”. Undergraduate Case Study. Bachelor of Science in Business Management, major in Financial Management. Cavite State University, Indang, Cavite. November 2012. Adviser: Prof. Estrellita D. Corpuz. A case study was conducted at the head office of Imperial Homes Corporation located at Unit 1201 - 1202, Alabang Business Tower, Acacia Avenue, Madrigal Business Park, Alabang 1780. The case study aimed to identify the existing policies related to the preparation of budget; describe the company’s budgeting system; identify the budgeting techniques used in preparing the budget; analyze the budget system of the company; analyze the financial performance of the company in terms of its liquidity ratios; compare the budget and actual financial performance; and identify problems encountered in the budgeting process and recommend feasible solutions to the various problems identified. Data were obtained through personal interviews with the supervisor/general accountant and other accounting officers. Other relevant information was obtained from office records and files. Additional information was obtained from online sources. Imperial Homes Corporation (IHC) is a closely held corporation engaged primarily in the development of modern leisure villages, middle-market and affordable housing projects. THC’s goal is to be the leader in new concept of community development for affordable homes and leisure projects. Both descriptive research and quantitative methods were used in the study. Interviews were done in order to gather the information needed for the study. Liquidity ratios such as: current ratio, acid test ratio, and net working capital ratio were used to measure the company’s liquidity. It was found out that IHC has a problem with liquidity. In 2010, it had a Php1.40 current ratio, an acid test ratio of 0.29, and a net working capital of 0.089. These are indicators of the liquidity status of IHC. Actual sales of the company does not meet the projected sales. The reason is that the brokers/agents that were hired by IHC were not enough to sell the target number of units that should be sold. The adoption of incremental budgeting by IHC shows that actual sales does not meet the projected sales. THC’s problem with budget is due to lack of monitoring and it may be inferred that there might also be some miscalculation in the projection of budget.

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Holdings ( 1 )
Title notes ( 5 )

Holdings
Item type	Current library	Collection	Call number	Materials specified	URL	Status	Notes	Date due	Barcode
Theses / Manuscripts	Ladislao N. Diwa Memorial Library Theses Section	Non-fiction	333.3 As8 2012 (Browse shelf(Opens below))		Link to resource	Room use only	CS-442		00008201

Case Study (BSBM--Financial Management) Cavite State University

Includes bibliographical references.

College of Economics, Management, and Development Studies (CEMDS)

ASTUDILLO, ALYSSA RELLINE G. “Budget System of Imperial Homes Corporation”. Undergraduate Case Study. Bachelor of Science in Business Management, major in Financial Management. Cavite State University, Indang, Cavite. November 2012. Adviser: Prof. Estrellita D. Corpuz.

A case study was conducted at the head office of Imperial Homes Corporation located at Unit 1201 - 1202, Alabang Business Tower, Acacia Avenue, Madrigal Business Park, Alabang 1780. The case study aimed to identify the existing policies
related to the preparation of budget; describe the company’s budgeting system; identify the budgeting techniques used in preparing the budget; analyze the budget system of the company; analyze the financial performance of the company in terms of its liquidity ratios; compare the budget and actual financial performance; and identify problems encountered in the budgeting process and recommend feasible solutions to the various problems identified.

Data were obtained through personal interviews with the supervisor/general accountant and other accounting officers. Other relevant information was obtained from office records and files. Additional information was obtained from online sources.

Imperial Homes Corporation (IHC) is a closely held corporation engaged primarily in the development of modern leisure villages, middle-market and affordable housing projects. THC’s goal is to be the leader in new concept of community
development for affordable homes and leisure projects.

Both descriptive research and quantitative methods were used in the study. Interviews were done in order to gather the information needed for the study. Liquidity ratios such as: current ratio, acid test ratio, and net working capital ratio were used to measure the company’s liquidity. It was found out that IHC has a problem with liquidity.

In 2010, it had a Php1.40 current ratio, an acid test ratio of 0.29, and a net working capital of 0.089. These are indicators of the liquidity status of IHC.

Actual sales of the company does not meet the projected sales. The reason is that the brokers/agents that were hired by IHC were not enough to sell the target number of units that should be sold. The adoption of incremental budgeting by IHC shows that actual sales does not meet the projected sales.

THC’s problem with budget is due to lack of monitoring and it may be inferred that there might also be some miscalculation in the projection of budget.

Submitted copy to the University Library. 03/25/2013 CS-442