INDIVIDUAL VLOG ASSESSMENT

Introduction
Financial information and reports are required and essential to
monitor business performance for its success. Financial reporting
aims to track, analyze and report your business income. This helps
investors make informed decisions about how to manage the
business. These reports examine resource usage and cash flow to
assess the business's financial health.
 CONSUMER SPENDING

Because of COVID-19, the total amount of money spent on final

goods and services by individuals and households for personal use
and enjoyment in an economy has changed significantly and has
decreased. This is a key driving force in the economy as well as a
critical concept in economic theory.
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DAILY, MONTHLY, AND 100

WEEKLY TRANSACTIONS
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These are financial reports that provide fresh data on
a daily, weekly, and monthly basis. As the COVID-19
epidemic continues, the number of daily, weekly, and 50

monthly transactions may decrease. Both CPAS, which

is responsible for preparing corporate financial
25
statements and reports, and the auditor were forced
to adapt significantly as a result of the epidemic
caused by the Coronavirus. 0
Item 1 Item 2 Item 3 Item 4 Item 5
DEPARTMENTAL EXPENDITURE
ON LABOR COSTS
One-quarter of total employment in the Philippines is
likely to be disrupted by the impact of COVID-19 on the
economy and labor market, either through decreased
earnings and working hours or complete job loss. COGS,
or Cause of goods sold, is the decline of economic activity
due to the coronavirus and the resulting economic
disruption will certainly require some manufacturing
companies to make adjustments because with COVID-19
pandemic is affecting the financial performance of many
companies.
DEPARTMENTAL INCOME

A loss in income commission for the

employees creates different occupancy and
sales because the pandemic causes a lack of
motivation, which actively occurs in this kind
of happenings that makes them unstable
and negatively adjust as time goes by.
OUTSTANDING ACCOUNTS

Border closures and lockdowns caused by COVID-19 are

causing supply chain and distribution delays and altering
customer purchasing behavior. It affects how slowly the
business can collect money from customers and pay suppliers.
 BUDGET VARIANCE
The economic impact the coronavirus pandemic has on the business budget
problem is almost all of it shows no positive impact because budgeting is a
significant factor in running a business, and hence it negatively affects
businesses during the COVID-19 crisis. Results from the surveys conducted
help to justify that such an outbreak affects projects or business budgeting or
the business itself negatively and that it prevents businesses from operating
and performing at the most optimum level.
Thank You!