Financial Management Practices of Basud Development Cooperative (BADEVCO)


Authors : Ryan Daves F. Quinones

Volume/Issue : Volume 8 - 2023, Issue 1 - January

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3iT67sw

DOI : https://doi.org/10.5281/zenodo.7554359

Abstract : As one of the leading cooperative here in the Province of Camarines Norte, Philippines, Basud Development Cooperative had been a staple to ordinary Cam Norteňan home, products ranging from lending activities to the maintenance and provision of a minimart. With its ability to manage itself wholly in every essential aspect of its operation, the researcher extends his assistance by providing a fresh perspective on its current practices. This study mainly focuses on the following aspect: working capital management; social finances management; financial methods and sources; and financial organizations, and the impacts of those in the Financial Management Practices of BADEVCO. This study solely focused on the response of The Board of Directors and the accounting employees, as these personnel are responsible to in dealing with the problems mentioned on, BADEVCO may adopt and implement the suggested action plan designed by the researcher to further enhance their financial management practices and address problems encountered. It can help them adopt best financial management practices and best solution on the possible problems that may come along with their day-to-day operations. Future researchers may conduct further studies on financial management practices of specific businesses incorporating other variables not included in this study.

Keywords : working capital, social finances Management, Financial Methods and Sources, and Financial Organization;

As one of the leading cooperative here in the Province of Camarines Norte, Philippines, Basud Development Cooperative had been a staple to ordinary Cam Norteňan home, products ranging from lending activities to the maintenance and provision of a minimart. With its ability to manage itself wholly in every essential aspect of its operation, the researcher extends his assistance by providing a fresh perspective on its current practices. This study mainly focuses on the following aspect: working capital management; social finances management; financial methods and sources; and financial organizations, and the impacts of those in the Financial Management Practices of BADEVCO. This study solely focused on the response of The Board of Directors and the accounting employees, as these personnel are responsible to in dealing with the problems mentioned on, BADEVCO may adopt and implement the suggested action plan designed by the researcher to further enhance their financial management practices and address problems encountered. It can help them adopt best financial management practices and best solution on the possible problems that may come along with their day-to-day operations. Future researchers may conduct further studies on financial management practices of specific businesses incorporating other variables not included in this study.

Keywords : working capital, social finances Management, Financial Methods and Sources, and Financial Organization;

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