The Implementation of Working Capital Management in Cooperatives: A Case
Study of Cooperatives in the Municipality of La Trinidad, Benguet,
Philippines
Abstract
The study was observed in the case of cooperatives in the municipality
of La Trinidad, Benguet, Philippines but it can bring practical
implications to cooperatives and collective organizations. Working
capital management (WCM) is a core management function that should be
fully implemented to ensure accuracy and adequate control of short-term
assets and short-term liabilities. The study used survey questionnaire
using a 4-point Likert scale among 66 cooperatives. The result shows
that the cooperatives almost implemented WCM indicating that they give
importance on the accuracy and control of their current assets, current
liabilities and net working capital. This gives an implication that
modern managers of cooperatives are concern about their business flow
and that they ensure that the resources entrusted upon them by the
members are properly managed. The cooperatives are models for good WCM
practices wherein they ensure enough capacity and turnover of their
current assets in order to pay their obligations on time. This gives a
favorable prospect that cooperatives nowadays are continuously improving
in the area of business and their leaders and managers are becoming
proficient in business management.