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    Action Plan: Areas of Concern Recommendation Timetable in Charge

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    Cleofe Guillermo
    The action plan outlines recommendations to improve policies, implementation, and accounting systems. Recommendations include adopting new policies on collection systems and account monitoring, implementing processes like centralized loan releases and monitoring accounts, modifying loan forms, monitoring cash flow and liquidity, and updating accounting schedules. Most recommendations are targeted to be completed as soon as possible and responsibilities are assigned to roles like the board of directors, department officers, bookkeeper, and cashier.

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    Action Plan: Areas of Concern Recommendation Timetable in Charge

    Uploaded by

    Cleofe Guillermo
    13 views2 pages
    The action plan outlines recommendations to improve policies, implementation, and accounting systems. Recommendations include adopting new policies on collection systems and account monitoring, implementing processes like centralized loan releases and monitoring accounts, modifying loan forms, monitoring cash flow and liquidity, and updating accounting schedules. Most recommendations are targeted to be completed as soon as possible and responsibilities are assigned to roles like the board of directors, department officers, bookkeeper, and cashier.

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    Action Plan

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    Action Plan

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    The action plan outlines recommendations to improve policies, implementation, and accounting systems. Recommendations include adopting new policies on collection systems and account monitoring, implementing processes like centralized loan releases and monitoring accounts, modifying loan forms, monitoring cash flow and liquidity, and updating accounting schedules. Most recommendations are targeted to be completed as soon as possible and responsibilities are assigned to roles like the board of directors, department officers, bookkeeper, and cashier.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    13 views2 pages

    Action Plan: Areas of Concern Recommendation Timetable in Charge

    Uploaded by

    Cleofe Guillermo
    The action plan outlines recommendations to improve policies, implementation, and accounting systems. Recommendations include adopting new policies on collection systems and account monitoring, implementing processes like centralized loan releases and monitoring accounts, modifying loan forms, monitoring cash flow and liquidity, and updating accounting schedules. Most recommendations are targeted to be completed as soon as possible and responsibilities are assigned to roles like the board of directors, department officers, bookkeeper, and cashier.

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    Action Plan

    AREAS OF CONCERN RECOMMENDATION TIMETABLE IN CHARGE


    I. POLICY >POLICY ON COLLECTION SYSTEMS NEXT BOD BOD c/o
    >POLICY ON ACCOUNTS MONITORING MEETING YTESS

    II. IMPLEMENTATION

    A. LOAN PROCESSES >INDIVIDUAL VOUCHER(ASA) ASAP BM/D.O’S


    >5C’S OF CREDIT SCORING
    >CENTRALIZED LOAN RELEASE THRU CASHIER CASHIER
    >MONITORING OF ACCOUNTS
    >AUTHORIZATION IS NOT ALLOWED IN LOAN RELEASES
    >DAILY BALANCING
    B. FORMS >MODIFIED THE ASA FORMS/LOAN DOCUMENTS ASAP BM/D.O’S

    C. DUTIES AND >EVERY CYCLE THEIR MUST BE C.I./B.I ASAP D.O’S


    RESPONSIBILITIES >MONITOR THE CASH FLOW/LIQUIDITY SYSTEM BM

    III. ACCOUNTING SYSTEM >UPDATE THE SCHEDULE OF ACCOUNTS ASAP BOOKKEEPER

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