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Accounting Knowledge and Skills of Selected

Barangay Treasurers in a Second Class Municipality


i

Saint Mary’s University


Accounting Knowledge and Skills of Selected
Barangay Treasurers in a Second Class Municipality
ii

Saint Mary’s University


ACKNOWLEDGMENT

We want to extend our gratitude to the people behind the success of this
study.

First and foremost, we thank our Almighty God, for the daily strength and
good health, for the knowledge and wisdom, for the guidance, and for the favors
and blessings throughout the writing of this research study.

To our parents, we deeply appreciate their company all the way from the
beginning, for understanding us, for loving us unconditionally and for endless
support financially, emotionally, spiritually and even mentally.

To Mrs. Elnora V. Adalem, our research adviser, who guide and help us
from the very start. We thank for her trust in pushing through this study, support in
this study and motivation we needed in accomplishing this study.

To Mr. Sherween Jerry Paul V. Saquing, our accounting research 1 and


2 instructor, who for helping us in coming up with this study, and for encouraging
us to conduct this study and strive harder to finish this study on time.

To Dr. Eleanor C. Domingo, Mrs. Jeanette Mania, Mrs. Dorilyn C.


Tiongson, faculty members of the School of Accountancy and Business who
happened to be our dear panellists, for giving their practical comments and for
imparting their ideas to make this study better and possible.

To Dr. Vicky Antonio, our university statistician, for pursuing researches


with dedication and for her perseverance in organizing and analysing our data for
this study.

To the barangay treasurers, our respondents, who complied with our


request to cooperate in conducting this study. Their cooperation, help, willingness,
time and compliance are great help in the result of this study.

And to our fellow researchers, for the sleepless night we spent together
and for the motivating discussions.

Once more, we thank to all the people who became part of the success of
our study – given that it is hard to gain success without their help.

To GOD be all the glory.


Accounting Knowledge and Skills of Selected
Barangay Treasurers in a Second Class Municipality
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Saint Mary’s University


DEDICATION

We dedicate this research paper to all who motivated and inspired us to


make this possible and be able to be finished successfully.

First of all, to our Almighty God, who never failed us, for answering our
silent prayers of provision, guidance and protection in conducting this study,
especially during the gathering of data.

To our families – most our parents, who endlessly show their love, care,
support upon fulfilling this research paper.

To our adviser and mentors, who never failed to teach and help us
professionally in regards to our conducted study.

To our dear selves, who never gave up but stood firmly for the existence of
this study, for our hard work and devotion for this study.
Accounting Knowledge and Skills of Selected
Barangay Treasurers in a Second Class Municipality
iv

Saint Mary’s University

ABSTRACT

This study is designed to determine the level of knowledge and skills of the selected
barangay treasurers of a second class municipality particularly on receipts and
disbursements of fund, and in preparation of annual reports. The descriptive,
quantitative, descriptive-comparative and descriptive-comparative-correlational is
used. The respondents are 10 barangay treasurers of Diffun, Quirino that has more
than ₱2,000,000 allocated IRA for 2018. In determining the level of accounting
knowledge, a questionnaire was used, and an aptitude test in determining the level
of accounting skills of the respondents. The result showed that low extent of
accounting skills in terms of the recording of collection and disbursement of funds
and mostly of the respondents had a high extent of accounting skills in terms of
preparation of source documents, report and forms. The result also showed that
there are no significant differences of accounting knowledge on collection,
disbursement and preparation of source documents and reports of barangay
treasurers when grouped according to profile variables. However, it is concluded
that eligibility/certification has the only positive and significant difference in terms
of accounting skills on collection, disbursement and preparation of source
documents and reports of barangay treasurers. Hence, the results also showed that
there are no significant relationships between accounting knowledge and skills in
terms of collection, disbursement and preparation of source documents and reports
that can be attributed to profile variables.

Keywords: Barangay Treasurer, Level of Knowledge and Skills, Receipts or


Collections, Disbursement of Funds, Preparation of Financial Statements, Second
Class Municipality
Accounting Knowledge and Skills of Selected
Barangay Treasurers in a Second Class Municipality
v

Saint Mary’s University


TABLE OF CONTENTS
Page
TITLE PAGE ……………………………………………………………… i

ACKNOWLEDGMENT ………………………………………………….. ii

DEDICATION ……………………………………………………………... iii

ABSTRACT ………………………………………………………………... iv

TABLE OF CONTENTS ………………………………………………..… v-vii

LIST OF FIGURES AND TABLES ……………………………………… vii-x

CHAPTER 1: THE PROBLEM AND ITS BACKGROUND

Rationale……………………………………………………… 1-4

Statement of the Problem……………………………………... 4-5

Statement of Null Hypothesis………………………………… 6

Conceptual Framework……………………………………….. 6-7

Significance of the Study……………………………………... 7-9

Scope and Delimitation………………………………………..9-10

Definition of Terms…………………………………………… 11

CHAPTER 2: REVIEW OF RELATED LITERATURE AND STUDIES

Barangay…………………………………………………… 12-13

Funding…………………………………………………….. 14-16

Barangay Treasurers………………………………………… 16-20

General Accounting Instructions:

Fundamental Principles………………………………21-22

Fundamental Policies………………………………...22-23
Accounting Knowledge and Skills of Selected
Barangay Treasurers in a Second Class Municipality
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Saint Mary’s University


Specific Policies and Procedures:

Collection and Deposits/Remittances………………...23-29

Disbursements………………………………………..29-34

Preparation of Source Documents, Report and Forms……… 35

Accounting Skills…………………………………………….36-37

Synthesis……………………………………………………...37-38

CHAPTER 3: RESEARCH METHODOLOGY

Research Design…………………………………………….. 39

Research Environment……………………………………… 39-40

Research Respondents……………………………………… 40

Research Instruments………………………………………. 41-42

Data-gathering Procedures…………………………………. 42-43

Statistical Treatment of Data………………………………. 43-45

CHAPTER 4: ANALYSIS, PRESENTATION AND INTERPRETATION


OF DATA

Profile of Respondents……………………………………. 46-50

Accounting Knowledge of Barangay Treasurers

in a Second Class Municipality……………………. 50-62

Accounting Skills of Barangay Treasurers

in a Second Class Municipality…………………… 62-66

Comparison in the Accounting Knowledge of Barangay Treasurers

when grouped according to profile variables……… 66-77

Comparison in the Accounting Knowledge of Barangay Treasurers


Accounting Knowledge and Skills of Selected
Barangay Treasurers in a Second Class Municipality
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Saint Mary’s University


when grouped according to profile variables……… 77-87

Relationship of the Accounting Knowledge and

Accounting Skills of Barangay Treasurers……….. 87-91

CHAPTER 5: SUMMARY, CONCLUSIONS AND RECOMMENDATIONS

Summary………………………………………………… 92-93

Summary of Findings…………………………………… 93-98

Conclusions……………………………………………… 98-99

Recommendations………………………………………. 99-100

REFERENCES……………………………………………………….. 101-103

APPENDICES
Accounting Knowledge and Skills of Selected
Barangay Treasurers in a Second Class Municipality
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Saint Mary’s University


LIST OF FIGURES AND TABLES

Page

Figure 1: Paradigm of the Study…………………………………………… 6

Figure 2: Map of Diffun, Quirino………………………………………….. 40

Figure 3: Data-gathering Procedures..……………………………………... 43

Table 1: Qualitative Descriptions of Accounting Skills


of Barangay Treasurers…………………………………………… 44

Table 2: Qualitative Descriptions of Accounting Knowledge


of Barangay Treasurers…………………………………………… 45

Table 3: Frequency and Percentage Distribution of the Respondents


According to Sex…………………………………………………. 46

Table 4: Frequency and Percentage Distribution of the Respondents


According to Age…………………………………………………. 46-47

Table 5: Frequency and Percentage Distribution of the Respondents


in terms of their Highest Educational Attainment………………… 47

Table 6: Frequency and Percentage Distribution of the Respondents


in terms of their Certification/Eligibility………………………….. 48

Table 7: Frequency and Percentage Distribution of the Respondents


in terms of their Number of Years in Service……………………... 49

Table 8: Frequency and percentage distribution of the Respondents


in terms of their Trainings and Seminars Attended for
Barangay Treasurer……………………………………………….. 49

Table 9: Number of Correct Answers in Every Question Regarding


Receipts or Collection of Funds…………………………………... 50-51

Table 10: Overall, Extent of Accounting Knowledge of Barangay


Treasurers on Receipts or Collections of Funds………………….. 54

Table 11: Number of Correct Answers in Every Question Regarding


Disbursement of Funds…………………………………………... 55-57
Accounting Knowledge and Skills of Selected
Barangay Treasurers in a Second Class Municipality
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Saint Mary’s University


Table 12: Overall, Extent of Accounting Knowledge of Barangay
Treasurers on Disbursement of Funds…………………………... 58

Table 13: Number of Correct Answers in Every Question Regarding


Preparation of Source Documents, Report and Forms…………... 59-61

Table 14: Overall, Extent of Accounting Knowledge Regarding


Preparation of Source Documents, Report and Forms…………... 62

Table 15: Overall, Extent of Accounting Skills in Terms of Collection


or Receipt of Funds……………………………………………... 63

Table 16: Overall, Extent of Accounting Skills in Terms of


Disbursement of Funds…………………………………………. 64

Table 17: Overall, Extent of Accounting Skills in Terms of Preparation of


Source Documents, Report and Forms………………………… 65

Table 18: Comparison in the Accounting Knowledge of the Respondents


When Grouped According to Sex………………………………. 66-67

Table 19: Comparison in the Accounting Knowledge of the Respondents


When Grouped According to Age……………………………… 68-69

Table 20: Comparison in the Accounting Knowledge of the


Respondents When Grouped According to
Highest Educational Attainment……………………………… 70-71

Table 21: Comparison in the Accounting Knowledge of the Respondents


When Grouped According to Certification/Eligibility………… 72

Table 22: Comparison in the Accounting Knowledge of the Respondents


When Grouped According to the Trainings and Seminars
They Attended………………………………………………….. 74

Table 23: Comparison in the Accounting Knowledge of the Respondents


When Grouped According to the Number of
Years in Service………………………………………………… 75
Accounting Knowledge and Skills of Selected
Barangay Treasurers in a Second Class Municipality
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Saint Mary’s University


Table 24: Comparison in the Accounting Skills of the Respondents
When Grouped According to Sex………………………………. 77

Table 25: Comparison in the Accounting Skills of the Respondents


When Grouped According to Age……………………………… 78-79

Table 26: Comparison in the Accounting Skills of the Respondents


When Grouped According to Highest Educational
Attainment………………………………………………………. 80

Table 27: Comparison in the Accounting Skills of the Respondents


When Grouped According to Certification/Eligibility…………... 82-83

Table 28: Comparison in the Accounting Skills of the Respondents


When Grouped According to the Trainings and
Seminars They Attended………………………………………... 84

Table 29: Comparison in the Accounting Skills of the Respondents


When Grouped According to the Number of
Years in Service………………………………………………... 85-86

Table 30: Relationship Between the Accounting Knowledge and Skills


in Terms of Collection or Receipt of Funds……………………... 87

Table 31: Relationship Between the Accounting Knowledge and Skills


in Terms of Disbursement of Funds……………………………... 88

Table 32: Relationship between Accounting Knowledge and Skills


in Terms of Preparation of Source Documents,
Report and Forms………………………………………………... 89

Table 33: Relationship between the Overall Accounting Knowledge


and Overall Accounting Skills…………………………………... 90

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