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This chapter presents the summary and findings of the study, conclusions
Summary
The general objective of the study was to assess the accounting system of
using the three transaction cycles, which are the expenditure cycle, conversion
cycle, and revenue cycle. It also intended to know the issues and concerns
survey questionnaire was the primary instrument in this study. Also, the
proceeded with conducting the dry run survey administered in Lipa City. The
reliability test result of the dry run survey was 0.95. Afterwards, the researchers
proceeded with the actual survey. The respondents of the study were micro-
enterprise bakeries in Batangas City registered in the city office. The researchers
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Findings
After the analysis and interpretation of the data gathered, the researchers
1. The researchers found out that most of the bakeries in Batangas City were
sole proprietorship or those that were managed by one person. It had the
average monthly income, many of the bakeries had income of Php 20 000
conversion cycle, and revenue cycle, most of the bakeries stated that the
With regards to the expenditure cycle, its composite mean is 3.28 which is
3. It was revealed that when the respondents were grouped according to form
has the highest mean of 4.0000 which is interpreted as practiced and the
practiced. In terms of revenue cycle, the corporation has the highest mean
terms of expenditure cycle, bakeries which are operating for 11-15 years
has the highest mean of 3.4467 which is interpreted as practiced and the
bakeries which are operating for 6-10 years has the lowest mean of
bakeries which are operating for 11-15 years has the highest mean of
for 6-10 years has the lowest mean of 2.7843 which interpreted as
practiced. In terms of revenue cycle, bakeries which are operating for 11-
practiced and bakeries which are operating 16 years and above has
income of 80 001 and above has the highest mean of 3.1373 which is
000 and below has the lowest mean of 2.8503 which is interpreted as
income of Php 50 001- 80 000 has the highest mean of 3.6753 which is
income of Php 20 000 and below has the lowest mean of 3.1983 which is
interpreted as practiced.
4. It was shown in the study that the issues and concerns that were most
practiced.
businesses.
Conclusions
The following conclusions are drawn based on the interpretation and analysis
of data:
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1. In terms of business profile of the bakeries, the researchers found out that
operating for 5 years and below and almost half of the bakeries had an
expenditure cycle, conversion cycle and revenue cycle, they were all
practiced.
3. The researchers found out that when the respondents are grouped
years, and those who have average monthly income of Php 50,000 and
system because they were not familiar with this system, from this, another
problem arises.
Bakeries that can assess the accounting system of bakeries, can identify
the areas for improvement, and can know the ways on how to improve
Recommendations
Based on the previous conclusions and from the statistical test they
directed to immediate parties concerned, who are the bakery owners and future
researchers.
1. The researchers of the study, first and foremost, recommend that bakery
existing system which can guide the operations of their business. They
may also become aware of the effects of having proper record keeping of
2. The researchers recommend that the bakery owners may use the Guide
revenue cycle.