POLYTECHNIC UNIVERSITY OF THE PHILIPPINES 1

Financial Management Practices of Small and Medium Medical and Laboratory Equipment
Trading in the National Capital Region

Survey Questionnaire

Part I Profile of the Respondents

INSTRUCTION: For each item, please check the appropriate box corresponding to your answers.

1.1 Profile of Personnel involved in Financial Management Practices of the Company

1.1.1 Position: Owner Manager Chief Accountant others, specify _____

1.1.2 Highest Educational Attainment:
High School Vocational College Degree Masteral Degree Doctoral Degree
1.1.3 Frequency of Attendance to management training programs related to financial management
Never Rarely Sometimes Often Always
1.1.4 Background: Management in general Technical field Business in general
Financial management others, please specify _____________

1.2 Profile of Company where the Personnel involved in Financial Management Practices
is currently working

1.2.1 Form of Business Organization: Corporation Partnership Sole Proprietor

1.2.2 Capitalization: PhP 3 to PhP 15 M PhP 15 to PhP 50 M PhP 15 to PhP 100 M
1.2.3 No. of Years in Operations: 2 to 5 years 6 to 10 years > 10 years
1.2.4 No. of employees: 10 to 99 employees 100 to 199 employees > 200 employees
1.2.5 Type of Ownership: Family owned Not Family Owned
1.2.6 Ownership Structure: 100% Filipino Majority Filipino Majority Foreign
1.26.1 If the answer is not 100% Filipino, please check the Nationality of the Foreign Owners:
Chinese Indian US Others, pls. specify _______
1.2.7 What best describes your business profitability:
Profitable Not Profitable
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Part II Effectiveness of Financial Management Practices of Small and Medium Medical and
Laboratory Equipment Trading Companies in the National Capital Region

Financial Management Practices needs to be effective to ensure company goals are fulfilled.
Effectiveness is the extent or the degree of success on how well these practices contributed to the
achievement of company goals. The term effective can be defined in various ways and therefore
synonymous to various terms e.g. being consistent, involved, reasonable, etc. in a practice is an
effective way of doing that practice. For the below purpose, various terms may be used to
specifically describe or asked how practice is done but would mean only to ask one objective
question i.e. How effective is the financial management practices by the company?

INSTRUCTION: For each question, please encircle your answer or number that indicates the level
of effectiveness of each financial management practices implemented in your company currently (5
being the highest and 1 being the lowest) using the 5-point Likert scale below.

5 Very Effective 4 Effective 3 Somehow Effective

2 Less Effective 1 - Not Effective

No. Financial Management Practices 5 4 3 2 1

Financial Planning
1 How effective does the company implements its financial planning 5 4 3 2 1
policy to achieve organizational goals?
2 How consistent or frequent or regular does the company prepares its 5 4 3 2 1
financial budgets?
3 What is the degree of personal involvement of the owner/manager in 5 4 3 2 1
preparing financial budgets?
4 What is the level of the personal involvement of the owner/manager in 5 4 3 2 1
interpreting and using financial budgets?
5 How useful is the financial budgets of the company in providing 5 4 3 2 1
information for making decisions?
6 How consistent or frequent or regular does the company compares 5 4 3 2 1
between actual and budgeted results?
7 How reasonable is the financial planning techniques applied in financial 5 4 3 2 1
analysis of the company?
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8 What is the level of computerization of the financial planning practices 5 4 3 2 1
in the company?
9 What is the level of contribution of the company Accountant in the 5 4 3 2 1
preparation of financial budgets of the company?
Accounting Information System
10 How effective does the company implements its written guidelines in 5 4 3 2 1
recording and updating the Accounting information records to achieve
organizational goals?
11 How consistent, frequent or regular does the company prepares its 5 4 3 2 1
accounting reports?
12 How consistent, frequent or regular do business transactions are being 5 4 3 2 1
recorded and updated by the company in its accounting information
system?
13 What is the level of involvement of the owner/manager of the company 5 4 3 2 1
in the preparation of accounting information?

14 What is the degree of participation of the owner/manager in interpreting 5 4 3 2 1

and using accounting information system?

15 What is the level of formality and acceptability of the companys 5 4 3 2 1

business accounting information system?

16 How useful is the business accounting information of the company in 5 4 3 2 1

making decisions?
17 How computerized is the businesss accounting information system of 5 4 3 2 1
the company?
18 What is the level of contribution of the company Accountant in 5 4 3 2 1
maintaining its Accounting Information Records?
Financial Reporting and Analysis
19 How effective does the company implements its written guidelines on 5 4 3 2 1
financial reporting particularly for the internal management reports?

20 How constantly does the company prepare its financial statements 5 4 3 2 1

(balance sheet, income statements, statement of cash flows)?

21 What is the level of personal involvement of the owner/manager in the 5 4 3 2 1

preparation and review and analysis of financial statements?
22 What is the level of participation of the owner/manager in interpreting 5 4 3 2 1
and using financial statements?
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23 How useful is the financial statements of the company in providing 5 4 3 2 1
information for making decisions?

24 How constantly does the company analyze its financial statements 5 4 3 2 1

(balance sheet, income statements, statement of cash flows)?

25 How useful are the financial ratios applied in financial analysis of the 5 4 3 2 1
company?
26 How useful is the trend analysis applied in financial analysis of the 5 4 3 2 1
company?
27 How computerized is the financial reporting and analysis practices of 5 4 3 2 1
the company?
28 What is the level of contribution of the company Accountant to prepare 5 4 3 2 1
and analyze financial statements?
Cash Management
29 How effective does the company implements its written guidelines in 5 4 3 2 1
managing cash?
30 How regularly does the company prepares and review cash budgets? 5 4 3 2 1
31 What is the level of personal involvement of the owner/manager in 5 4 3 2 1
preparing cash budgets?
32 What is the level of involvement of the owner/manager in interpreting 5 4 3 2 1
and using cash budgets?
33 How useful is the cash budgets of the company in providing information 5 4 3 2 1
for making decisions?
34 To what extent does the company apply theories of cash management 5 4 3 2 1
in determining the target cash balance?
35 How acceptable is the target cash balance determined by the 5 4 3 2 1
company?
36 To what extent do the cash management practices of the company 5 4 3 2 1
computerized?
37 How frequent do the company has cash surplus? 5 4 3 2 1
38 To what extent does the company invests its temporary cash surplus to 5 4 3 2 1
bank deposits, treasury bills and other short-term investment?
Receivable Management
39 How effective does the company sells on credit and implements credit 5 4 3 2 1
policy to achieve organizational goals?
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40 How often does the company review debtors credit period? 5 4 3 2 1
41 How reasonable is the debtors credit period in the company? 5 4 3 2 1
42 How often does the company reviews debtors discount policy? 5 4 3 2 1

43 How reasonable is the debtors discount policy in the company? 5 4 3 2 1

44 How frequent does the company reviews percentage of bad debts and 5 4 3 2 1
level of receivables?
45 How reasonable is the percentage of bad debts and level of receivables 5 4 3 2 1
in the company?
46 To what extent does the company implements theories of receivables 5 4 3 2 1
management?
47 What is the level of computerization of the receivable management 5 4 3 2 1
practices of the company?
Inventory Management
48 How effective does the company implements written Inventory 5 4 3 2 1
Management policy to achieve organizational goals?
49 How often does the company reviews inventory turnover? 5 4 3 2 1
50 How frequent does the company reviews inventory level? 5 4 3 2 1
51 How fast is the inventory turnover of the company? 5 4 3 2 1
52 How acceptable is the inventory level of the company? 5 4 3 2 1
53 How often does the company prepare its Inventory budget? 5 4 3 2 1
54 How useful is the inventory budgets of the company in providing 5 4 3 2 1
information for making decisions?
55 To what extent does the company applies theories of inventory 5 4 3 2 1
management in determining the inventory level?
56 To what extent does the company uses EOQ or economic order 5 4 3 2 1
quantity model in inventory management?
57 To what extent does the company considers optimum size, lead time, 5 4 3 2 1
reorder point and safety stock in managing its inventories?
58 What is the level of computerization of the inventory management 5 4 3 2 1
practices of the company?
Payable Management
59 How effective does the company implements its written policy in 5 4 3 2 1
managing its payables?
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60 How often does the company reviews creditors payment terms and 5 4 3 2 1
credit period?
61 How reasonable is the creditors payment terms and credit period in the 5 4 3 2 1
company?
62 How often does the company reviews creditors discount policy? 5 4 3 2 1
63 How reasonable do the creditors discount policy being implemented in 5 4 3 2 1
the company?
64 How frequent does the company reviews payables, due dates and 5 4 3 2 1
payment history?

65 How reasonable is the level of overdue payables in the company? 5 4 3 2 1

66 To what extent does the company implements theories of payable 5 4 3 2 1
management?
67 How computerized is the payable management practices of the 5 4 3 2 1
company?
Fixed Asset Management
68 How effective does the company implements its written policy to 5 4 3 2 1
manage its fixed assets or capital projects?
69 To what extent does the company assessed fixed assets or capital 5 4 3 2 1
project before making investment decisions?
70 How often does the company review efficiency of using fixed assets or 5 4 3 2 1
capital projects?
71 How acceptable is the capital budgeting utilized in the company? 5 4 3 2 1
72 To what extent does the company applies highly advanced techniques 5 4 3 2 1
of capital budgeting in determining capital investment projects?
73 How reasonable does the fixed assets being utilized in the company? 5 4 3 2 1
74 How useful are the fixed assets acquired in the company? 5 4 3 2 1
75 To what extent computerized are the fixed asset management practices 5 4 3 2 1
in the company?
Tax Management
76 How effective does the company implements its policy to manage 5 4 3 2 1
taxes?
77 How often does the company prepare and review tax returns (e.g. 5 4 3 2 1
VAT)?
78 How frequent or timely does the company pay taxes? 5 4 3 2 1
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79 What is the level of personal involvement of the owner/manager in the 5 4 3 2 1
preparation and review of tax returns?
80 To what extent does the company engage an Accountant to prepare 5 4 3 2 1
and file tax returns?
81 What is the level of knowledge of the company on taxes that they need 5 4 3 2 1
to pay, where to file and when and how frequent to file and pay?
82 To what extent do the tax management practices of the company 5 4 3 2 1
computerized?
Audit and Internal Control

83 To what extent does the company gives its regard in audit and internal 5 4 3 2 1
control practices?
84 How effective does the company implements its audit and internal 5 4 3 2 1
control policies and procedures?
85 How frequent does the company perform internal audit? 5 4 3 2 1

86 How frequent does the company perform external audit? 5 4 3 2 1

87 What is the level of personal involvement of the owner/manager in the 5 4 3 2 1

preparation, review and revision/correction of audit and internal control
policies, procedures and results of audit?
88 What is the level of priority given by the company to resolve and 5 4 3 2 1
address any internal control issues?
89 What is the level of priority given by the company to resolve and 5 4 3 2 1
address any audit issues?
90 How computerized is the audit and internal control practices of the 5 4 3 2 1
company?

Respondents Signature (Optional): ____________________________________

Business/Company Name: __________________________________________
Business/Company Address: ________________________________________
Respondents Name (Optional): ______________________________________________
Contact No./ Mobile No: ________________________ Email Address: __________________
Position/Designation: _______________________________
Date: ______________________________________

Once again, Thank you very much for your cooperation