Conducted by BatStateU
, Started on 2016 -
Completed on 2017
Completed
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This study was conducted to assess the payroll management of small businesses in Batangas City as a basis for a proposed input internal control. The study evaluated the profile of small businesses in Batangas City in terms of nature of business, form of business organization, number of years in operation and number of employees. It was focused on determining the perception of the respondents in terms of the components of internal control; control environment, risk assessment, control activities, information and communication and monitoring activities. This study employed the descriptive research method and used of survey questionnaire as primary instrument to gather data and information needed for the realization of this study. The subject of the study, 198 small businesses, was determined through random sampling. The statistical treatments used in the study, the weighted mean, t-test and f-test, helped the researchers to determine and tabulate the data gathered from the respondents. Based on the findings, most small businesses are retailing in nature, owned by corporation, operating for 15 years or longer and having 21 or more employees. Based on the results of the survey, there is a significant difference in the assessment of payroll management when grouped according to nature of business and form of business organization particularly in control environment. There is also significant differences when grouped according to nature of business, form of business organization and number of years in operation when it comes to risk assessment and when it comes to control activities when grouped according to form of business organization and number of years in operation. There is significant difference as well when it comes to information and communication when grouped according to form of business organization. There is no significant difference on the assessment of payroll management when grouped according to nature of business in terms of control activities and when grouped according to number of years in operation in terms of control environment. There is also no significant difference when grouped according to nature of business and number of years in operation when it comes to information and communication and when grouped according to nature of business, form of business organization and number of years in operation in terms of monitoring activities. There is no significant difference in the assessment of payroll management when grouped according to number of employees. The researchers propose input to internal controls for the improvement of payroll management and designing much and tough effective internal control systems to the management of the business. The objective of the proposed input was to enhance the weak points of the payroll management of selected small businesses in Batangas City.