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Budget Management and Financial Reporting Practices of Campus Organizations
Subject area: Management and Commerce · Area of research: Financial Management
DOI: https://doi.org/10.64388/IREV9I11-1717904
Abstract
This study sought to analyze the financial reporting and budget management practices of Urdaneta City University campus organizations regarding budget planning, budget preparation, budget execution, and accountability. For the purpose to improve financial management and reporting systems, it specifically aimed to ascertain the degree to which these practices are adopted by campus groups. A quantitative descriptive research design was employed, involving thirty-one (31) duly elected presidents and treasurers of recognized campus organizations during the Academic Year 2025–2026. Data was gathered using a structured questionnaire with a four-point Likert scale and analyzed through weighted mean. Results revealed that all indicators across the four domains were interpreted as “Highly Practiced,” indicating strong financial management and reporting practices. Budget execution and accountability were particularly evident in proper documentation and adviser review, while areas for improvement included environmental scanning, detailed budget formulation, and analytical financial evaluation. The study concluded that although practices are generally strong, further enhancement of strategic and analytical financial skills is necessary for improved organizational sustainability.
Keywords
Accountability, Budget Execution, Budget Management, Budget Planning, Budget Preparation, Financial Reporting
How to cite this paper
@article{1717904,
author = {Mc. Denver E. Arenas, Jesus Remar C. Dassun, DBA},
title = {Budget Management and Financial Reporting Practices of Campus Organizations},
journal = {Iconic Research And Engineering Journals},
year = {2026},
volume = {9},
number = {11},
pages = {3173-3181},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1717904.pdf},
abstract = {This study sought to analyze the financial reporting and budget management practices of Urdaneta City University campus organizations regarding budget planning, budget preparation, budget execution, and accountability. For the purpose to improve financial management and reporting systems, it specifically aimed to ascertain the degree to which these practices are adopted by campus groups. A quantitative descriptive research design was employed, involving thirty-one (31) duly elected presidents and treasurers of recognized campus organizations during the Academic Year 2025–2026. Data was gathered using a structured questionnaire with a four-point Likert scale and analyzed through weighted mean. Results revealed that all indicators across the four domains were interpreted as “Highly Practiced,” indicating strong financial management and reporting practices. Budget execution and accountability were particularly evident in proper documentation and adviser review, while areas for improvement included environmental scanning, detailed budget formulation, and analytical financial evaluation. The study concluded that although practices are generally strong, further enhancement of strategic and analytical financial skills is necessary for improved organizational sustainability.},
keywords = {Accountability, Budget Execution, Budget Management, Budget Planning, Budget Preparation, Financial Reporting},
month = {May},
doi = {https://doi.org/10.64388/IREV9I11-1717904}
}