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| Financial Performance of Bulacan Agricultural State College: An Analysis
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Karen C. Wagan, Alyssa Lou H Dela Cruz, Nica D.L. Ramos, Graciel Ann C. Solatorio,
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Abstract:
Financial performance of an institution is one of the greatest tool analysts used in determining the status of an organization in terms of business operation. Knowing how well-diversified the economy in the present time makes it more important for business entities to have knowledge and understand financial analysis to benefit them from proper management of their financial assets not only in its current phase but as well as in its future function. This study analyzed the financial performance of the Bulacan Agricultural State College using financial statements for the fiscal years 2009 to 2013. The researchers made use of the following financial statements to meet the objectives of the study - Balance Sheet, Income Statement, Cash Flows Statement and Government Equity. The following financial ratios - liquidity ratio, solvency ratio and profitability ratio' were also used. The financial statements of Bulacan Agricultural State College have been prepared in conformity with generally accepted state accounting principles and reflect amounts that are based on the estimates and informed judgment of management with an appropriate consideration to materiality. Though there are difference is some of the financial statement's decimal presentation, the researchers are still able to compute for the financial ratios including liquidity ratio, solvency ratio and profitability ratio which are most needed to complete the study and have a good judgment in the college's financial performance for the calendar year 2009-2013.
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