CONCEPT PAPER

Micah Genesis R. Dailisan

Miel Lauren F. de Guzman
Karmela Camille A . Furaggannan
Roselyn F. Giron
John Christian H. Gumba
Ma. Beverlie M. Jabat
Geraldine B. Leyva
John Bryan D. Luching

THE ROLE OF MANAGEMENT INFORMATION SYSTEM

ON THE INNOVATION OF COOPERATIVES ON
MAINTAINING ITS SUSTAINABILITY

THE ROLE OF MANAGEMENT INFORMATION SYSTEM ON THE INNOVATION OF

COOPERATIVES ON MAINTAINING ITS SUSTAINABILITY

Introduction
Technology has abruptly changed the process of learning and working. After its
various changes and improvements, the tremendous growth of technology made it
easier to access what has been considered impossible before. Since technology has
been proved as a tool used for productivity, business entities generally adopt it by
building or renting their own information system.
This research focuses on the importance of Management Information System
(MIS), which is now widely used not only by corporations but also by cooperatives. The
main purpose of the MIS is to give managers feedback about their own performance;
top management can monitor the company as a whole. Information displayed by the
MIS typically shows "actual" data over against "planned" results and results from a year
before; thus it measures progress against goals (Encyclopedia). In addition, MIS serves
as a basis of managerial decisions and new implementations of polices because of the
information that it contains, to which the managers or the Board of Directors can foresee
or predict future instances that they might encounter.
Though, with the several advantages of using MIS, many cooperatives are still
not familiar or not using this system because of its high cost and it might be hard for
starting cooperatives to pay for its installation and maintenance. Therefore, this
research will help the cooperatives decide whether to adopt or not to adopt the MIS.

Statement of the Problem

The study endeavour to answer the following questions indicated below:
1. What is the profile of the selected Credit Cooperative respondents in Metro
Manila?
1.1 Name of the cooperative
1.2 Background of the cooperative
1.3 Cooperatives using MIS
2. How much budget is needed in order to provide for the installation and
maintenance of the MIS?
3. Does MIS lessen the work of the employees?
4. What is the impact of MIS as the basis of financial reports
5. What does MIS affect the future execution of plans of the cooperative?
5.1 Are they going to deploy some of the employees?
6. Among the employees, who will gain access to MIS?
7. How does the management cope with technical problems?

OBJECTIVES
This research aims to:
1.
2.
3.
4.
5.

Promote the use of MIS;

Provide basic information on the users of MIS;
Find out how do the management cope with the technical problems on MIS;
To know the impact of MIS as the basis of financial reports; and
To know how MIS affect the future execution of plans of the cooperative.

RESPONDENTS
The respondents of this study are the managers and, if applicable, some Board
of Directors of credit cooperative within in Metro Manila.

SCOPE AND BOUNDARIES

The area of the operation of this study will be undertaken in selected Credit
Cooperative within Metro Manila.

THE BENEFITS OF FINANCIAL PLANNING TO

SUSTAIN THE FUNCTIONAL OPERATION OF THE
COOPERATIVES

THE BENEFITS OF FINANCIAL PLANNING TO SUSTAIN THE FUNCTIONAL

OPERATION OF THE COOPERATIVES

Introduction
With the current market dynamics and the constant changes of the competitive
atmosphere, Cooperatives also need to change, and, in times of changes, it is
necessary to plan quickly. Agility, efficient budget, use and adaptation of forecasts and

analysis and effective management of information, are the key for managing the change
process, with the purpose of achieving the planned performance.
Broadly adopted in large enterprises, financial planning is a very important, high
performance management instrument in the decision making process. Also, it is a
comprehensive and detailed plan which can determine the sustenance of a cooperative
for a certain period of time.
According to Groppelli & Nikbakth (2002, p. 319), it is the process in which one
calculates how much financing is necessary to give continuity to the operations of an
organization, and if one decides how much and how the necessary funds will be
financed. Another important financial planning aspects is the possibility of determining a
persons or firms financial need or goals for the future and the means to achieve them
(Certified Financial Planner). Financial planning establishes the way in which objectives
can be achieved. A financial plan is, therefore, a declaration of what should be done in
the future. Besides that, financial planning is an important part of the administrators
work. It is essential for them to define and strengthen financial plans to be able to
achieve the institutions objectives.
The success of the operation, the performance and the long term viability of any
business, depends on a continuous sequence of individual and collective decisions
taken by the managerial team. Each one of those decisions, ultimately, causes an
economic impact, for better or for worse, in the business. Financial planning, through its
methods, formalizes the procedure by which the financial goals should be achieved,

integrating the decisions of investments and financings in one and only Cooperative
plan.
The purpose of this study is to evidence the importance of the adoption of
financial planning for the operations of cooperatives.

Statement of the Problem

The researchers seeks to find the answers to the following questions indicated
below:
1 What is the profile of the Cooperative and its officers with regards to the following:
1.1 Name of the cooperative
1.2 Background of the cooperative
2 To what extent do the officers apply their financial plan towards sustaining the
operation of the cooperative?
3 Does the adoption of financial planning affect the operation and performance of the
cooperative?
4 How does shifting of plans due to external factors affect their achievement of goal?

Objectives
The study will determine:
1. the effectiveness of financial planning in the operation/production of the
Cooperatives;
2. the financial planning strategies of the cooperative; and
3. and to conclude if the cooperative financial plan contribute a lot in the
cooperative success.

Respondents
The respondents of this study are the managers and audit committee of the
Multi-Purpose Cooperative in Manila.

Scope and Boundary

The area of the operation of this study will be undertaken in selected MultiPurpose Cooperative within Metro Manila. The researchers are still in search of
cooperatives that will be the best sustenance of the field of interest of the researchers.

RISKS THAT AFFECT THE FINANCIAL REPORTING

SYSTEM IF THE AUDIT COMMITTEE IS NOT
FUNCTIONING

RISKS THAT AFFECT THE FINANCIAL REPORTING SYSTEM IF THE AUDIT

COMMITTEE IS NOT FUNCTIONING

Introduction
Statement of the Problem
Objectives
Respondents
Scope and Boundary