The Budget Control Practices of Private Computer Institution In Metro Manila

Abstract

The study aimed to determine the effectiveness of Budget Control Practices of Private Computer Institution in Metro Manila. Specifically, it sought to identify the profile of respondents, asses the level of efficacy in terms of budget preparation, budget cost control, budget monitoring, and budget realignment and appropriation. In addition, determine the significant difference in the respondents’ assessment of the effectiveness when respondents were group according to profile. The researcher used the descriptive design wherein a researcher-made questionnaire was employed to fulfill the objective of this study and to gather the relevant data needed. Majority of the respondents who took part in the budget control practice of private computer institution in Metro Manila were 26-35 years old, male, and college graduates. Most of the respondents are in the job position level, with five years and below years of service in the company and involvement in budget control practice in the institution. The same also in terms of years of experience in budget control practice. Lastly, most of the respondents attended 3 or less training sessions/seminars attended related to budget control practice for the last two years. The respondent assessed their budget control practice when it comes to budget preparation, budget cost control, budget monitoring, and budget realignment and appropriation as effective. There was no significant difference in the assessment of the respondents on the effectiveness of budget control practice of private computer institution in Metro Manila when they are grouped according to age, sex, years of service in the company, years of involvement in budget control practice, years of experience in budget control practice, and number of training sessions/seminars attended in the last two years.