The Environmental Financial Management Reporting of the Laguna Lake Development Authority

Abstract

The study aimed to assess the effectiveness of the environmental financial management reporting practice of Laguna Lake Development Authority (LLDA). The descriptive method of research was used in this study. The questionnaire used in this study was adopted from previous related studies; it passed through several revisions to fulfill the specification of this research. The survey questionnaires were personally sent to the intended respondents and were administered and retrieved on different dates from October 8-10, 2018. The results were tallied and tabulated according to the frequency of items checked by the respondent. After the data tabulation, the results were interpreted using various statistical tools. Thus, the results allowed the researcher to arrive at the interpretation of the study. The results of the study showed that majority of the respondents are rank-and-file employees. Most of them have been working with LLDA for ten (10) years or more. However, the majority have less than eight (8) hours of training on environmental financial management reporting. Furthermore, the results of the survey showed that majority of the respondents have less than one (1) year of experience in environmental financial management reporting. The overall assessment ofthe effectiveness of environmental financial management reporting practice of LLDA was perceived “Effective” in terms of management decision-making, financial performance, and competitive advantage. The study revealed that there was no significant difference in the respondents’ assessment of the level of effectiveness of environmental financial management reporting practice of LLDA when they are grouped according to their profile.