case study metro manila university
TRANSCRIPT
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Case Study: Metro Manila
University
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Central Problem
How should the P50, 000 cash balance that
Metro Manila University has be used? Be put in
a savings account or in Treasury Bills that yeild
more than the savings?
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OBJECTIVES
To have enough money for the annual
expenditures of the different departments
To have additional means as source of income
for the university
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Alternative Courses of Action
Invest the P50 million cash in full in treasury Bills
Discuss with the department heads to specify the average spendings ofeach from the past expenditures so that the university can assign a certainamount for their spendings. A budget for each of them.
Invest part of the remaining cash into treasury Bill
Make use of the remaining cash to build profit generating businesses thatthe university can take advantage of.
Do not invest the P50, 000 million cash in treasury Bill and continue withwhat the university used to do.
Conduct a thorough research of the Cashier if there are any conspiraciesthat he has been doing because of his strong resistance to the opinion.
Maybe that he does not agree because he is the sole responsible of the cashof the whole university and that any transaction may be created as fraud byhim.
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We thought the cashier is the superior of all thesection under what if the Chief accountant alsobe a superior to them so that fraud or whatever itmay be may be prevented.
Lets say he is ensuring a smooth flow of cashtransactions and that fact gives us the idea alsohe can manipulate whatever transactions occurlike for example issuing
His activities are to strenous and lacks thesecurities discussed by the Sarbanes Oxley Act
he has too many persons to supervise.
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Recommendations
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Conclusion