Organic Fertilizer
A CASE STUDY
ON
Father Layog and the Holy Family parish
BS-Management Accounting 3
MGT205-A
March 16, 2012
Statement of the Problem:
In order for the parish to settle their P 911,820.91 outstanding expenses, Fr. Layug needs procedures and strategies that are effective and efficient and time bound.
Areas of Consideration:
1.) Marketing-
a. To be able to provide better funds for the project, they must be marketable in order to attract potential donors and profit-generating activities and sectors.
2.) Monitoring-
a. To know how well your strategy is working you need to plan and build in a monitoring strategy.
3.) Communication-
a. You need to make a firm communication with sectors that could be helpful in the project.
4.) Accountability/Transparency-
a. You need to observe transparency and accountability to maintain credibility of the project and to further attract potential donors or sponsors.
Objectives:
1.) To be able to raise enough funds to cover the existing liability amounting to P911,820.91 within 6 months.
2.) To be able to strengthen the Parish’s relationship towards its parishioners and Church goers through activities that would not only generate funds but also provide camaraderie.
3.) To be able to get the support of the nearby businesses ( Liquor Plant, Coca-Cola Bottlers)
4.)
Alternative Courses of Action:
1.) Generate fund raising activities with the help of business sponsors that interests the community; (eg. Benefit concerts featuring acts from Manila)
2.) Encourage the nearby businesses to take part in the project by means of donations, sponsorships and the likes.
3.) Apply for a long-term loan to settle the current debts and later on save up to pay annual amortizations.
Recommendation:
The best alternative would be to apply for a long-term loan with a bank that offers reasonable rates. It
ON
Father Layog and the Holy Family parish
BS-Management Accounting 3
MGT205-A
March 16, 2012
Statement of the Problem:
In order for the parish to settle their P 911,820.91 outstanding expenses, Fr. Layug needs procedures and strategies that are effective and efficient and time bound.
Areas of Consideration:
1.) Marketing-
a. To be able to provide better funds for the project, they must be marketable in order to attract potential donors and profit-generating activities and sectors.
2.) Monitoring-
a. To know how well your strategy is working you need to plan and build in a monitoring strategy.
3.) Communication-
a. You need to make a firm communication with sectors that could be helpful in the project.
4.) Accountability/Transparency-
a. You need to observe transparency and accountability to maintain credibility of the project and to further attract potential donors or sponsors.
Objectives:
1.) To be able to raise enough funds to cover the existing liability amounting to P911,820.91 within 6 months.
2.) To be able to strengthen the Parish’s relationship towards its parishioners and Church goers through activities that would not only generate funds but also provide camaraderie.
3.) To be able to get the support of the nearby businesses ( Liquor Plant, Coca-Cola Bottlers)
4.)
Alternative Courses of Action:
1.) Generate fund raising activities with the help of business sponsors that interests the community; (eg. Benefit concerts featuring acts from Manila)
2.) Encourage the nearby businesses to take part in the project by means of donations, sponsorships and the likes.
3.) Apply for a long-term loan to settle the current debts and later on save up to pay annual amortizations.
Recommendation:
The best alternative would be to apply for a long-term loan with a bank that offers reasonable rates. It