Questionnaire.docx

Name (Optional): ___________________ Please spare a few minutes of your valuable time to answer this questionnaire. Honest answers to these questions will be very much appreciated. Put a check mark (✔) on the space provided for each item which corresponds to your answer. Thank you! Part 1: School’s Profile 1. Type of School ___ Sectarian ___ Non-sectarian 2. Number of teaching personnel ___ Below 20 ___ 20 - 29 ___ 30 - 39 ___ 40 & above 3. Number of non-teaching personnel ___ Below 20 ___ 20 - 29 ___ 30 - 39 ___ 40 & above 4. Number of enrolees ___ Below 300 ___ 300 – 599 ___ 600 – 899 ___ 900 – 1199 ___ 1200 & above 5. Courses offered by the school (Check all that applies) ___ Bachelor of Elementary Education ___ Bachelor of Secondary Education ___ BS in Civil Engineering ___ BS in Mechanical Engineering ___ BS in Chemical Engineering ___ BS in Electrical Engineering ___ BS in Business Administration ___ BS in Accountancy ___ BA in Communication ___ BS in Information Technology ___ BS in Nursing ___ BS in Medical Technology ___ BS in Criminology ___ BS in Social Work ___ BS in Hotel and Restaurant Management (Tourism)

___ Others (pls. specify) _______________ 6. Course that has the most number of enrolees ___ Bachelor of Elementary Education ___ Bachelor of Secondary Education ___ BS in Civil Engineering ___ BS in Mechanical Engineering ___ BS in Chemical Engineering ___ BS in Electrical Engineering ___ BS in Business Administration ___ BS in Accountancy ___ BA in Communication ___ BS in Information Technology ___ BS in Nursing ___ BS in Medical Technology ___ BS in Criminology ___ BS in Social Work ___ BS in Hotel and Restaurant Management (Tourism) ___ Others (pls. specify) _______________ 7. Passing rate of the course that has the most number of enrolees. Put the rate on the space provided. (Fourth year who graduated last school year.) ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___

Bachelor of Elementary Education Bachelor of Secondary Education BS in Civil Engineering BS in Mechanical Engineering BS in Chemical Engineering BS in Electrical Engineering BS in Accountancy BS in Nursing BS in Medical Technology BS in Criminology BS in Social Work Others (pls. specify) _______________

8. When was ___ 1919 ___ 1920 ___ 1940 ___ 1960 ___ 1980 ___ 2000

the school provided? or earlier – 1939 – 1959 – 1979 – 1999 & up

Part II. Questions for Understanding the Financial Risk Management of Schools and Universities Direction: Kindly answer all the questions in the questionnaire by putting a check on the space provided. Your responses are expressed in different degree of opinions as shown below using the scale below: Strongly Agree (5)

Agree (4)

Neutral (3)

Disagree (2)

2.1 Written Agreement in Extending Credit In extending credit, the school usually: 1) Accepts written agreement/ promissory note in extending credit 2) Requires the students to submit written agreement/ promissory note with the parent’s signature before extending credit. 3) Requires the students to submit written agreement/ promissory note even without the parent’s signature before extending credit 4) Allows all the students a chance to use written agreements/ promissory notes instead of payment.

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Strongly Disagree (1) 3

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2.2 Increase Diligence in pursuing collection of balances 2.2.1 Modes of Payment 5 4 3 2 1 In modes of payment, the school accepts: 1) Cash 2) Money 3) Full amount 4) Check 5) Credit Card 6) Debit Card 2.2.2 Ways of Improving Collection of 5 4 3 2 1 payment Question: In order to improve the

collections, the school usually 1) Provides discounts 2) Requires downpayment 3) Allows students to pay on instalment 4) Has agreement with bank to accept payment for them 5) Accepts checks as payment 6) Provides grace period for students to pay 2.3 Sanction for Non-Payment In case of non-payment, the school usually provides sanctions such as: 1) Penalties 2) No permit, no exam 3) Holding the grades of students (i.e. transcript of records, Diploma, etc., especially the graduating students) 4) Interest 5) Loss of access to library borrowing and other services 6) Loss of privilege to access student’s information system 7) Inability to graduate

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2.4 Documenting Procedures for Accounts Receivables Recognition in terms of: 2.4.1 Recording Accounts Receivable 5 4 3 In recording accounts receivable, the school: 1) Requires the name of the debtor 2) Requires the debtor’s ID Number 3) Provides the invoice number 4) Provides the date of invoice 5) Provides the invoice due date 2.4.2 Application of Uncollectible 5 4 3 Accounts Management Policy In applying Uncollectible Accounts Management Policy, the school uses: 1) Aging method, in which a school makes an allowance of what would be uncollected based on the dates it is unpaid. 2) Percentage of Accounts Receivable, the rate of which to be used is usually determine from past uncollected accounts. 3) Percentage of Sales, which a rate will be used to multiply to the total net sales to determine the allowance for uncollectible accounts. 4) Direct written off method, in which a school immediately recognizes the uncollectible accounts as worthless. 5) Percentage of prior uncollectible method, a rate of which to be used to multiply to the accounts receivable to determine the allowance for uncollectible accounts. 2.4.3 Accounting of Bad Debts 5 4 3 In accounting bad debts, the school uses: 1) allowance method, which requires recognition of bad debt loss if the accounts are doubtfully uncollectible 2) direct write-off method, which recognizes bad debt loss only when the accounts are worthless or uncollectible

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2.4.4 Course of action when a debt is unpaid after a month When a debt is unpaid after one month, the school will send monthly reminder letters to the debtor including: 1) A copy of the original invoice 2) An invitation to the debtor to contact the school and negotiate payment arrangement to meet cases of genuine hardship 3) A reference of school’s policy regarding debt (if there’s any policy) 4) A warning of the consequences to the debtor if payment is not forthcoming 2.4.5 Past Due Accounts 1) The school will treat accounts which are still unpaid on the due date and will be given another 90 days as past due. 2) The school issues a minimum of two reminder notices between 30 and 90 days after the bill become past due. 3) The school requests immediate payment of the outstanding balance and notify the debtor of additional actions which may be taken if the debt is not paid. 4) When the existence of the student is nowhere to be found, the school should make additional efforts, e.g., contact number. 5) After the given period of 90 days if still unpaid, the school will consider this as delinquent and will subject to an intensive collection of efforts. 2.4.6 Uncollected Accounts Receivable The school considers the accounts receivable uncollected when: 1) The account of the student is 90 days or more past due 2) The past-due notices was already sent to the student 3) The amount unpaid is at least

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P2,000 4) The school forced to exert intensive effort to collect the unpaid amount 5) The student’s presence and location is nowhere to be found

2.5 Write-off Procedures 2.5.1 Write-Off Criteria Write-offs may be justify when: 1) Neither the student nor the student’s residence can be located 2) The student or his family become insolvent 3) When the debt is disputed and the school has insufficient documentation to pursue collection efforts. 4) The student has died and there is no guarantor or successor 5) The amount is insufficient to justify additional collection efforts 6) The student’s debt remains unpaid for the whole semester.