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Final Paper for Managerial Accounting
Prepared by: A’isha A. Fajardo
Table of Contents I. II. III. IV.
Introduction Presentation and Discussion of the Case Analysis Recommendation
I.
INTRODUCTION
COMPANY BACKGROUND The Department of Trade and Industry (DTI) has six (6) major functional groups composed of bureaus that provide support to DTI's line agencies and are involved in line operations, which deliver business and consumer services directly to the stakeholders and the public. These functional groups are:
Office of the Secretary (OSEC) - Provides full support and efficient coordination of information to the DTI Secretary and among the functional groups of the Department
Competitiveness and Ease of Doing Business Group (CEODBG) - Established in support of Agenda 3 of the President's 0+10 socio-economic agenda to increase competitiveness and ease of doing business.
Consumer Protection Group (CPG) - In-charge of the enforcement of laws to protect consumers, consumer education, and formation of consumer groups.
Industry Development and Trade Policy Group (IDTPG) - Responsible for trade and industry policy formulation and implementation of the Manufacturing Resurgence Program.
Management Services Group (MSG) - Delivers effective, adequate, and timely services to clients in the shortest possible time and at the least cost. It also provides industry policies and coordinates and monitors the implementation of the operating plans and programs of the agenda provides an overall information and communication support.
Regional Operations Group (ROG) - Responsible for the field operations of the DTI in the regions and provinces.
Trade and Investments Promotion Group (TIPG) - Responsible for DTI's export and investment development program.
II.
PRESENTATION AND DISCUSSION OF THE CASE
Budgeting is used by private and government sectors. It plans for expenses to be incurred while running the business for private sector or projects and programs for government sector. By budgeting and planning, sectors can estimate the future outlay of each department. It provides guidance to the entity and it is a strategy that can be used to determine expenses that are unnecessary and deemed to provide more. It is a quantitative scheme for securing and using resources over a specified time. It can aid the entity to plan its goals and work towards hitting those goal set.
To be able to use the resources properly is through controlling. A manager or head of the office should be able to control and track the matching of the proposed budget to the actual costs. It should allow the head of the office to plan for the future and make sure everyone in the organization is in the same direction. This can also provide help on making tough decisions when crisis comes whether to cut costs or keep resources.
Under the Office of Assistant Secretary of the Regional Operations Group, there are two projects that was launched last 2017 namely:
1. PROJECT ENTREP
This project aims to aid in the areas with the highest poverty incidence per family based on PSA’s 2015 data and where there is evidence of lack of business and employment opportunities.
Under this project, DTI will be providing focused development interventions with emphasis on entrepreneurial development targeted on the so called “bottom of the pyramid”. It is proposed that to provide better services to the people in the countryside, DTI shall visit the enrolled Municipality and will conduct information advocacy on projects, programs and services being offered and implemented by the DTI and to give information to the beneficiaries on how they can avail of such services.
In the year 2017, a total of 10 provinces have been chosen to be included in the implementation of Project Entrep. The project interventions continued in 2018. For the year 2019, 5 barangays per municipality were chosen by the respective provinces as the beneficiaries of the project.
2. STRIKE TEAM FOR IPME’s
A project specifically made for the Indigenous People who are living in the poorest provinces. The project is composed of coaches/experts in the areas of Entrepreneurship, Product Design and Development, Business and Financial Management, among others has been proposed. Coaches will be going to the DTIROs/POs in the remote areas. They will provide / conduct one-on-one learning/coaching sessions and/or mini-lectures for at least 2-4 hours in their field of expertise.
There will be an extensive product development and increase production to enroll the beneficiaries’ products to OTOP Philippines and for the beneficiaries to join more regional and national trade fairs and generate bigger income.
Unfortunately, the budget of these projects wasn’t given/prioritized despite repeated submission of project proposals and work and financial plans. But because the President prioritizes and focuses more on our MSME’s, poorest people and indigenous people; the projects have to be implemented even without revolving funds.
III.
ANALYSIS
FUNDS:
The projects have no direct resources, yet it has to be implemented as it continuously being directly monitored by the Office of the President. There are difficulties delivering the services to its beneficiaries. It has to go through series of deliberation to be able to get a budget through the regular funds of the regional offices just to make it run even with slightest interventions. It affects and jeopardizes the supposed to be fast and smooth transaction for these projects to be implemented. The regional offices, even the head office, is having a hard time hiring a personnel to be a focal person of these projects and the procurement for supposed to be kits to be given to the beneficiaries cannot be done.
The tables below is showing the operational budget of the Project Entrep and Strike Team for IPME’s for 2019. Supposedly, this expenses to be incurred— assuming it will be included in the regular projects of DTI, indicate that it will be less than the “profits” that the beneficiaries will gain. By profits, it won’t be monetary; rather, it will be an increase in knowledge on their skills and trainings. This can generate multiple micro, small and medium enterprises and create job opportunities that will help our less fortunate citizens prosper.
PROJECT ENTREP Investment Targets
Region HO CAR 1 2 3 4A 4B 5 6 7 8 9 10 11 12 Caraga TOTAL
STRIKE TEAM FOR IPME’s - Investment Targets
2019 200,000 140,000
2020 200,000 168,000
2021 200,000 201,600
2022 200,000 450,782
140,000 420,000
168,000 504,000
201,600 604,800
450,782 450,782
280,000 560,000 280,000 420,000
336,000 672,000 336,000 504,000
403,200 806,400 403,200 604,800
450,782 450,782 450,782 450,782
420,000 140,000 3,000,00 0
504,000 168,000
604,800 201,600
450,782 450,782
Region HO CAR 1 2 3 4A 4B 5 6 7 8 9 10 11 12
3,560,000 4,232,000 4,257,038
2019 345,000 230,869
2020 345,000 277,043
2021 345,000 332,451
2022 345,000 450,782
115,435 230,869
138,521 277,043
166,226 332,451
450,782 450,782
115,435 461,738 115,435 461,738 115,435 346,304
138,521 554,086 138,521 554,086 138,521 415,564
166,226 664,903 166,226 664,903 166,226 498,677
450,782 450,782 450,782 450,782 450,783 450,782
Caraga TOTAL
461,738 2,999,99 4
554,086 664,903 450,782 3,530,992 4,168,191 4,852,821
PROJECT BENEFIT:
There are numerous outputs and deliverables expected out of these projects that are supposed to provide aid in the government’s battle on poverty, but the Office of Assistant Secretary and the regional offices are temporarily budgetary challenged to implement and put it into accomplishments.
Main PDP Chapter Other PDP Chapters
PDP Chapter Outcome Statements/Outputs
Expected Outputs
0-10 Point Socioeconomic Agenda Sustainable Development Goals (SDG)
Chapter 9: Expanding Economic Opportunities in Industry and Services through Trabaho at Negosyo Sector Outcome A: “Trabaho”: Economic opportunities in I&S expanded Sector Outcome B: “Negosyo”: Access to economic opportunities in I&S for MSMEs, cooperatives, and OFs increased Subsector Outcome 2: Competitiveness, innovativeness, and resilience of industries and services increased Subsector Outcome 3: Market access improved Subsector Outcome 2: Access to finance improved Develop high-value added, competitive, and sustainable sectors Enhance labor capacities Build stronger linkages and partnerships with private sectors and professional associations to strengthen consumer redress mechanisms. Increase access to finance Increase access to technology Implement MSME development plan and assess MSME-related laws. Encourage entrepreneurship. Investing in human capital development, including health and education systems, as well as matching skills and training to meet the demands of businesses and the private sector; No Poverty Sustainable Cities and Communities Partnerships for the Goals
IV.
RECOMMENDATION
Since we are a government agency, the projects that we implement do not generate profit but incur expenses. However, projects must be aligned to the Philippine Development Plan (PDP) Chapter. Projects should be able to provide an outcome that benefits sectors that are being prioritized by the country and should be able to have a sustainable development goals. Our country still faces a big crisis on poverty. The government has been addressing the problem and it has been an ongoing issue not only here in the Philippines but also in other countries. Project Entrep is one of the ways of the Department of Trade and Industry to help the administration address the poverty issue. While Strike Team for IPME’s that focuses on our indigenous people who are micro entrepreneurs can be a tool to aid the administration alleviate poverty among them.
This is why I recommend that we make a project proposal to the Department of Budget and Management for these two projects to be part of DTI’s regular projects. I suggest for Project Entrep and Strike Team for IPME’s programs to be included in the DTI’s Priority Programs and Project starting 2019.
V.
REFERENCES Department of Trade and Industry. The Organization. Retrieved from https://dti.gov.ph/about/the-organization David F. (2009, November 15). Profit Planning. Retrieved from https://www.slideshare.net/davidfoustinc/managerial-accounting-final-paper
Prepared by: A’isha A. Fajardo
Table of Contents I. II. III. IV.
Introduction Presentation and Discussion of the Case Analysis Recommendation
I.
INTRODUCTION
COMPANY BACKGROUND The Department of Trade and Industry (DTI) has six (6) major functional groups composed of bureaus that provide support to DTI's line agencies and are involved in line operations, which deliver business and consumer services directly to the stakeholders and the public. These functional groups are:
Office of the Secretary (OSEC) - Provides full support and efficient coordination of information to the DTI Secretary and among the functional groups of the Department
Competitiveness and Ease of Doing Business Group (CEODBG) - Established in support of Agenda 3 of the President's 0+10 socio-economic agenda to increase competitiveness and ease of doing business.
Consumer Protection Group (CPG) - In-charge of the enforcement of laws to protect consumers, consumer education, and formation of consumer groups.
Industry Development and Trade Policy Group (IDTPG) - Responsible for trade and industry policy formulation and implementation of the Manufacturing Resurgence Program.
Management Services Group (MSG) - Delivers effective, adequate, and timely services to clients in the shortest possible time and at the least cost. It also provides industry policies and coordinates and monitors the implementation of the operating plans and programs of the agenda provides an overall information and communication support.
Regional Operations Group (ROG) - Responsible for the field operations of the DTI in the regions and provinces.
Trade and Investments Promotion Group (TIPG) - Responsible for DTI's export and investment development program.
II.
PRESENTATION AND DISCUSSION OF THE CASE
Budgeting is used by private and government sectors. It plans for expenses to be incurred while running the business for private sector or projects and programs for government sector. By budgeting and planning, sectors can estimate the future outlay of each department. It provides guidance to the entity and it is a strategy that can be used to determine expenses that are unnecessary and deemed to provide more. It is a quantitative scheme for securing and using resources over a specified time. It can aid the entity to plan its goals and work towards hitting those goal set.
To be able to use the resources properly is through controlling. A manager or head of the office should be able to control and track the matching of the proposed budget to the actual costs. It should allow the head of the office to plan for the future and make sure everyone in the organization is in the same direction. This can also provide help on making tough decisions when crisis comes whether to cut costs or keep resources.
Under the Office of Assistant Secretary of the Regional Operations Group, there are two projects that was launched last 2017 namely:
1. PROJECT ENTREP
This project aims to aid in the areas with the highest poverty incidence per family based on PSA’s 2015 data and where there is evidence of lack of business and employment opportunities.
Under this project, DTI will be providing focused development interventions with emphasis on entrepreneurial development targeted on the so called “bottom of the pyramid”. It is proposed that to provide better services to the people in the countryside, DTI shall visit the enrolled Municipality and will conduct information advocacy on projects, programs and services being offered and implemented by the DTI and to give information to the beneficiaries on how they can avail of such services.
In the year 2017, a total of 10 provinces have been chosen to be included in the implementation of Project Entrep. The project interventions continued in 2018. For the year 2019, 5 barangays per municipality were chosen by the respective provinces as the beneficiaries of the project.
2. STRIKE TEAM FOR IPME’s
A project specifically made for the Indigenous People who are living in the poorest provinces. The project is composed of coaches/experts in the areas of Entrepreneurship, Product Design and Development, Business and Financial Management, among others has been proposed. Coaches will be going to the DTIROs/POs in the remote areas. They will provide / conduct one-on-one learning/coaching sessions and/or mini-lectures for at least 2-4 hours in their field of expertise.
There will be an extensive product development and increase production to enroll the beneficiaries’ products to OTOP Philippines and for the beneficiaries to join more regional and national trade fairs and generate bigger income.
Unfortunately, the budget of these projects wasn’t given/prioritized despite repeated submission of project proposals and work and financial plans. But because the President prioritizes and focuses more on our MSME’s, poorest people and indigenous people; the projects have to be implemented even without revolving funds.
III.
ANALYSIS
FUNDS:
The projects have no direct resources, yet it has to be implemented as it continuously being directly monitored by the Office of the President. There are difficulties delivering the services to its beneficiaries. It has to go through series of deliberation to be able to get a budget through the regular funds of the regional offices just to make it run even with slightest interventions. It affects and jeopardizes the supposed to be fast and smooth transaction for these projects to be implemented. The regional offices, even the head office, is having a hard time hiring a personnel to be a focal person of these projects and the procurement for supposed to be kits to be given to the beneficiaries cannot be done.
The tables below is showing the operational budget of the Project Entrep and Strike Team for IPME’s for 2019. Supposedly, this expenses to be incurred— assuming it will be included in the regular projects of DTI, indicate that it will be less than the “profits” that the beneficiaries will gain. By profits, it won’t be monetary; rather, it will be an increase in knowledge on their skills and trainings. This can generate multiple micro, small and medium enterprises and create job opportunities that will help our less fortunate citizens prosper.
PROJECT ENTREP Investment Targets
Region HO CAR 1 2 3 4A 4B 5 6 7 8 9 10 11 12 Caraga TOTAL
STRIKE TEAM FOR IPME’s - Investment Targets
2019 200,000 140,000
2020 200,000 168,000
2021 200,000 201,600
2022 200,000 450,782
140,000 420,000
168,000 504,000
201,600 604,800
450,782 450,782
280,000 560,000 280,000 420,000
336,000 672,000 336,000 504,000
403,200 806,400 403,200 604,800
450,782 450,782 450,782 450,782
420,000 140,000 3,000,00 0
504,000 168,000
604,800 201,600
450,782 450,782
Region HO CAR 1 2 3 4A 4B 5 6 7 8 9 10 11 12
3,560,000 4,232,000 4,257,038
2019 345,000 230,869
2020 345,000 277,043
2021 345,000 332,451
2022 345,000 450,782
115,435 230,869
138,521 277,043
166,226 332,451
450,782 450,782
115,435 461,738 115,435 461,738 115,435 346,304
138,521 554,086 138,521 554,086 138,521 415,564
166,226 664,903 166,226 664,903 166,226 498,677
450,782 450,782 450,782 450,782 450,783 450,782
Caraga TOTAL
461,738 2,999,99 4
554,086 664,903 450,782 3,530,992 4,168,191 4,852,821
PROJECT BENEFIT:
There are numerous outputs and deliverables expected out of these projects that are supposed to provide aid in the government’s battle on poverty, but the Office of Assistant Secretary and the regional offices are temporarily budgetary challenged to implement and put it into accomplishments.
Main PDP Chapter Other PDP Chapters
PDP Chapter Outcome Statements/Outputs
Expected Outputs
0-10 Point Socioeconomic Agenda Sustainable Development Goals (SDG)
Chapter 9: Expanding Economic Opportunities in Industry and Services through Trabaho at Negosyo Sector Outcome A: “Trabaho”: Economic opportunities in I&S expanded Sector Outcome B: “Negosyo”: Access to economic opportunities in I&S for MSMEs, cooperatives, and OFs increased Subsector Outcome 2: Competitiveness, innovativeness, and resilience of industries and services increased Subsector Outcome 3: Market access improved Subsector Outcome 2: Access to finance improved Develop high-value added, competitive, and sustainable sectors Enhance labor capacities Build stronger linkages and partnerships with private sectors and professional associations to strengthen consumer redress mechanisms. Increase access to finance Increase access to technology Implement MSME development plan and assess MSME-related laws. Encourage entrepreneurship. Investing in human capital development, including health and education systems, as well as matching skills and training to meet the demands of businesses and the private sector; No Poverty Sustainable Cities and Communities Partnerships for the Goals
IV.
RECOMMENDATION
Since we are a government agency, the projects that we implement do not generate profit but incur expenses. However, projects must be aligned to the Philippine Development Plan (PDP) Chapter. Projects should be able to provide an outcome that benefits sectors that are being prioritized by the country and should be able to have a sustainable development goals. Our country still faces a big crisis on poverty. The government has been addressing the problem and it has been an ongoing issue not only here in the Philippines but also in other countries. Project Entrep is one of the ways of the Department of Trade and Industry to help the administration address the poverty issue. While Strike Team for IPME’s that focuses on our indigenous people who are micro entrepreneurs can be a tool to aid the administration alleviate poverty among them.
This is why I recommend that we make a project proposal to the Department of Budget and Management for these two projects to be part of DTI’s regular projects. I suggest for Project Entrep and Strike Team for IPME’s programs to be included in the DTI’s Priority Programs and Project starting 2019.
V.
REFERENCES Department of Trade and Industry. The Organization. Retrieved from https://dti.gov.ph/about/the-organization David F. (2009, November 15). Profit Planning. Retrieved from https://www.slideshare.net/davidfoustinc/managerial-accounting-final-paper
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