The Implementation of Working Capital Management in Cooperatives: A Case Study of Cooperatives in the Municipality of La Trinidad, Benguet, Philippines

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.