ABSTRACT

NAME OD THE RESEARCHERS: Helen Mae S. Almacin

Mara Kenia G. Barcelon
KEYWORDS/PHRASES: barangay accounting, financial
management, allocated budget

Compliance with the standards is a practice that must be observed. Standards set the
practices that must be trailed to meet the management’s objectives.

This study aims to know the compliance of selected barangays in Legazpi City to the
accounting and financial management’s manual set by the Commission on Audit. Thus, this
study was grounded on Kepner Tregoe Theory of KT-method. Difficulties encountered by the
respondents arise when failure to perform the expectations and requirements happened. The
triangulation approach is used to gather the data. It is completed through questionnaires,
documentary analysis and interviews.

Based on the data collected, using a profoundly guided survey questionnaires, interview
and documents, this research found out that the current accounting practices of the selected
barangays meets the terms stated in the policy guidelines of Commission on Audit. Also, the
existing financial management practices are in accordance with the standard practice.

Generally, this study confirms the compliance of barangays to the standard. Non-
compliance would not be a choice since any conflict that may arise is punishable by the
Commission on Audit. However, this study also affirms the need to edify barangay officials—
especially barangay treasurers—basic accounting policies to be able to understand and grasp
the work provided to them by the city accounting office. This study also recommends
opportunities for accountancy schools to take part and provide trainings or seminars to
barangay officials as their extension project.
PAKIDAGDAGAN ANG KEYWORDS!!! THANKS!