AC 527PR NOTES:

1. Title of the Paper: Financial Reporting Practices of Cooperatives in Minglanilla

and Talisay, Cebu
2. Use this link to look for articles that you can use in the theoretical framework:
https://scholar.google.com.ph/scholar?
q=financial+theory+on+cooperatives&hl=en&as_sdt=0&as_vis=1&oi=schol
art&sa=X&ved=0ahUKEwjd3MvgosPPAhUDv5QKHeY7DgQQgQMIGDAA&safe=
strict
3. Statement of the Problem:
The study will investigate the financial reporting practices of Cooperatives in
Minglanilla and Talisay, Cebu in order to provide strategies for compliance.
Specifically, the study will answer the following questions:
1.

What is the profile of SMEs in terms of:

1.1Total Assets
1.2Profitability
1.3Number of years of operations

2. What are the current standards in accounting being implemented, in terms of:
2.1 Statement of Financial Condition
2.2 Statement of Operations
2.3 Statement of Changes in Equity
2.4 Statement of Cash Flows
2.5 Notes to the Financial Statements
3. Based on the findings of the study, what strategies for compliance can be
proposed?

4. Conceptual Framework:
Input: Profile of SMEs and Financial Statements
Process: IFRS for SMEs checklist (with revisions based on CDA Philippine Financial
Reporting Framework)
Output: Proposed Strategies for Compliance

5.

Sample of table:

Table 1
Upstream and Downstream Departments
Division/Group
General
Presidents
Academic Affairs
Administration
Finance
Trust Fund
Total

Upstream
F
%
1

9.09

3
6
1
11

27.27
54.55
9.09
100.00

6. Arrangement of Resources in Bibliography:

Books
Journal
Unpublished Materials
Online Resources

Downstream
F
%
6
4.72
12
9.45
66
51.97
26
20.47
4
3.15
13
10.24
127
100.00