Article History

Received: 21 September 2024
Accepted: 24 September 2024
Published: 29 October 2024

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Volume 3, Issue 1, 3rd Quarter 2024, pp. 58 – 70

Members’ Awareness in Financial Management and Financial Performance of Tarlac College of Agriculture- Faculty Association-Multipurpose Cooperative

Author:

Hannah Kristine SD. Totaan, Joch Amaru N. Bueno, Mhiekyla Kazandra A. Cariño, Rayne Edzel A. Cruz, Ian Harold J. Geronimo, Allysa Rain Sabado, Princess Kaye T. Vallejos, Erlie SD. Totaan, Czarina Joy D. Peña, Bench G. Fabros

Abstract:

It is recognized that cooperatives help uplift the lives of their individual members. In a broader sense, this is one of the many ways in which people join together to create a better quality of life for themselves. The financial performance of the cooperative is essential for it measures how profitable the organization is, in a specific period. In this context, understanding the relationship between financial performance and the management skills of its leaders is important for overall success. This study was conducted to determine the financial performance and level of awareness in the financial management of the officers and management staff of Tarlac College of Agriculture Faculty Association Multipurpose Cooperative (TCA-FA MPC) at Tarlac Agricultural University. A total of eight (8) officers and staff served as respondents in this study. The study used a descriptive research method to describe the level of financial management awareness of its officers and management staff. The preliminary information was gathered using a questionnaire distributed personally to the respondents. The study divulged that the management staff and officers are aware of the financial management practices of the cooperative. Additionally, the cooperative's financial performance is contingent upon the extent of awareness with financial management practice.

Keywords: financial management, financial performance, multipurpose cooperative, Tarlac Agricultural College

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