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IMPACT OF FINANCIAL MANAGEMENT PRACTICES TO SMES’ FINANCIAL

PERFORMANCE

Survey-Questionnaire

To our respondents:

Good Day!

We, the undergraduate students from Rizal Technological University, are

conducting a thesis entitled “Impact of Financial Management Practices to SMEs’

Financial Performance ". This is one of our requirements for the Degree of Bachelor of

Science in Accountancy. We would like to ask you to please answer the questionnaire

honestly for this is very important to our thesis. Be rest assured that your answers will

be kept confidentially and will be used only for academic purposes. We are hoping for

your best cooperation.

Thank you and God bless!

Part I. Demographic Profile of the Business

Please fill up the questions appropriately.

1. Name of the business: _______________________________

2. Length of operating years:

5 years below 6-8 years 9-10 years 11 years and above

3. Length of usage years of financial management practices:

Below one year 1-3 years 4-6 years 7 years and above

4. Number of Financial Managers:

None 1-3 people 4-6 people 7 people and above


Part II. Financial Management Practices

Check your designated choice according to the scale of 1-4 where: 4 – Always; 3

– Often; 2 – Sometimes; and 1 – Never.

Do you perform the following practices under profitability


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management?
 Interpret income statement
 Prepare tax returns
 Prepare forecasted income statement
 Analyse forecasted variance on income statement
 Prepare break-even analysis
 Prepare segmented income statement
Do you perform the following practices under working capital
management?
 Prepare list of all debtors
 Assess the levels of inventory of the business
 Prepare list of all creditors
 Prepare cash flow statement
 Prepare forecasted cash flow statement
 Analyse cash flow statement using previous periods as basis
 Budget/Forecast Variance analysis on cash flow statement
Do you perform the following practices under asset and liability
management?
 Prepare balance sheet
 Prepare forecasted balance sheet
 Analyse balance sheet using previous periods as basis
 Budget/Forecast variance analysis on balance sheet
 Analyse key financial ratios in the business
Do you perform the following practices under strategic financial
management?
 Prepare business plans
 Perform scenario analysis & planning
Part III. Level of Difficulty of Using Various Financial Management Practices -

Check your designated choice according to the scale of 1-4 where: 4 – Very

Difficult; 3 – Difficult; 2 – Easy; and 1 – Very Easy.

What is the level of difficulty you faced on using in each of the


4 3 2 1
following practices under profitability management?
 Interpret income statement
 Prepare tax returns
 Prepare forecasted income statement
 Analyse forecasted variance on income statement
 Prepare break-even analysis
 Prepare segmented income statement
What is the level of difficulty you faced on using in each of the
following practices under working capital management?
 Prepare list of all debtors
 Assess the levels of inventory of the business
 Prepare list of all creditors
 Prepare cash flow statement
 Prepare forecasted cash flow statement
 Analyse cash flow statement using previous periods as basis
 Budget/Forecast Variance analysis on cash flow statement
What is the level of difficulty you faced on using in each of the
following practices under asset and liability management?
 Prepare balance sheet
 Prepare forecasted balance sheet
 Analyse balance sheet using previous periods as basis
 Budget/Forecast variance analysis on balance sheet
 Analyse key financial ratios in the business
What is the level of difficulty you faced on using in each of the
following practices under strategic financial management?
 Prepare business plans
 Perform scenario analysis & planning
Part IV. Extent of Changes in Financial Performance Annually

Check your designated choice according to the scale of 1-4 where:

4 – Significant POSITIVE impact; 3 – Fair POSITIVE impact; 2 – Fair NEGATIVE

impact; and 1 – Significant NEGATIVE impact. In the extent of changes in Financial

Performance.

What is the extent of changes in your business’ financial


performance ever since you started applying financial 4 3 2 1
management practices?
 Weekly
 Monthly
 Quarterly
 Annually