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
|
|