The Financial Management Practices of the Non-Uniformed Employees of the Department of National Defense

Abstract

The study aimed to examine the financial management practices of the non-uniformed employees of the Department of National Defense (DND). The descriptive method was utilized in the study. Frequency, percentage distribution, weighted mean, t-test, and analysis of variance (ANOVA) were employed as statistical tools. The respondents’ assessment on the effectiveness of financial management practices specifically in the aspects of financial planning, financial monitoring, and cash flow management, was “Effective”; however, their assessment was “Somewhat Effective” for risk management. When the non-uniformed employees of the DND were grouped by profile categories, their evaluation on the effectiveness of financial management practices in terms of financial planning, financial monitoring, cash flow management, and risk management was not significantly different. In contrast, when they were grouped by average monthly income and job position level, their assessment on the effectiveness of financial management practices in terms of the four (4) abovementioned aspects was significantly different at 0.05 level of significance. Finally, when the non-uniformed employees of the DND were grouped according to highest educational attainment, their assessment on the effectiveness of the aspects financial monitoring and risk management was not significantly different; however, for financial planning and cash flow management, their assessment was significantly different.