Journal of Contemporary Issues in Business and Government


Print ISSN: 2204-1990

Online ISSN: 1323-6903

Volume27, Issue3

Comparative Analysis of Financial Reporting of Selected Small and Medium Enterprises (Smes) in Baguio City: Basis for a Financial Planning Model

Journal of Contemporary Issues in Business and Government, 2021, Volume 27, Issue 3, Pages 1487-1502
10.47750/cibg.2021.27.03.200

Abstract

This study aimed to determine the level of financial reporting compliance and comparative analysis of selected SMEs' financial statements to develop and propose a financial planning model as a tool for the financial decision-making of SMEs.
Descriptive and correlational research was utilized. Mean, Standard Deviation, T-test, ANOVA, and Pearson Product Moment Correlation used for data analysis.
The findings revealed that SMEs financial reporting compliance was not significantly different when grouped as to the length of existence, number of employees, asset capitalization, beginning liability, and position. The financial reporting compliance in terms of income, expense, asset, liabilities, equity, and earnings per share showed a significant relationship with financial statements analysis such as profit margin, dividends per share, inventory turnover, and total asset turnover of SMEs.
Keywords:
Main Subjects:

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