Indicator Mean DE Rank
1 Maintaining cash records such as journals and ledgers. 3.86 FI 1
2 Maintaining a voucher system to control disbursements. 3.77 FI 2
3 Maintaining sufficient amount of cash for current operations. 3.74 FI 3
4 Cash are intact to the bank. 3.53 FI 4
5 Maintaining of sufficient amount of cash for paying obligations as they come due. 3.50 FI 5
6 Maintaining petty cash fund to pay for small disbursements. 3.44 FI 6
7 Segregating duties for handling and recording cash transactions. 3.39 FI 7
8 Maintaining positive cash position to having no negative net cash position. 3.36 FI 8
9 Conducting internal audits such as test checking and record keeping. 3.35 FI 9
10 Periodic reconciliation of bank statement balance and cash balance in the cooperative’s accounting records. 3.30 FI 10.5
11 Establishment of accountability for cash receipts and provision of adequate safeguards until the funds are placed in the cooperative’s depository. 3.30 FI 10.5
12 Planning for the cash budget such as determining the future sources of cash and the allocation of this cash. 3.29 FI 12
13 Implementing cash budget that is in line with the master budget. 3.15 AI 13
14 Matching of cash receipts with obligations as they mature. 3.11 AI 14
15 Maintaining optimum cash conversion cycle where inventories are processed and sold faster, receivables is collected for a short period of time and payment of payables are being prolonged or delayed. 2.89 AI 15
16 Maintaining cash for contingency or emergency purposes. 2.86 AI 16
17 Maintaining bank balances, where appropriate, to support bank relations. 2.57 AI 17
18 Maintaining cash for special income or investment opportunity. 2.42 OI 18
19 Disbursements or payment are made through issuance of checks. 2.40 OI 19
20 Excess cash are invested to other investments (aside from bank) to generate additional return. 2.11 OI 20
Overall Mean
3.17
AI