Page 92 - GS_Journal_2014

Urdaneta City University

be used in different statistical calculations. It provides an accurate description of a situation or of
an association between variables. The subjects of the study were the B.S. Accountancy students
of the Urdaneta City University. The study used quota sampling which is composed of 100 B.S.
Accountancy students: 20 first year, 20 second year, 20 third year, 20 fourth year, and 20 B.S.
Accountancy graduates.
The researcher conducted a complete sampling wherein questionnaires were given to
the respondents. The questionnaires consisted of two parts. Part 1 dealt with the profile of the
respondents while Part 2 dealt with the factors commonly considered by the respondents in
choosing a review center.
The following are the researcher’s findings: 1) Organizational and Management Aspect.
The proposed business shall operate as a partnership. Its organizational structure shall be
composed of a Review Director, Secretary and Seven (7) Reviewers. They shall be entitled to
receive minimum wage and benefits mandated by law. 2) Market Aspect. Accountancy Graduates
from different colleges and universities from different cities and towns of Pangasinan are the
target market of the proposed business. The proposed business will offer review fee discounts
to those honor students. 3) Technical Aspect. The proposed business shall lease its location at
Urdaneta City University, Urdaneta City, and Pangasinan. The business shall acquire furniture
and fixtures and equipment for its operation and for its employees to work easier, faster and
more efficient. 4) Financial Aspect. The total project cost is P213, 444.00. The projected profit
are P98, 567.60; P343, 890.60; P465,969.80; P682,596.80 and P867,996.80 for five years 2014,
2015, 2016, 2017 and 2018 respectively. The Projected Cash Flow Statement reflected an ending
cash balance from year 1 to year 5 of P193,345.60; P482,938.20; P860,631.00; P1,383,142.80
and P2,068,835.60 respectively. The Projected Balance Sheet of the business presented total
assets of 2014 – P298,567.60; 2015 – P592,458.20; 2016 – P958,428.00; 2017 – P1,488,524.80
and 2018 – P2,156,521.60.
The financial statements are computed based on several basic assumptions and
necessary benefits under the Department of Labor and Employment. The Projected Financial
Ratios are also computed to measure the liquidity and profitability of the business and to show
how effective the company’s management regarding pricing and dealing with customers. 5)
Socio-Economic Aspect. The proposed business can be of great help to the City of Urdaneta
in the form of taxes, licenses and permits the business is subjected to pay. It can also provide
job opportunities to the citizens of the City of Urdaneta, help the CPA aspirants to pass the CPA
Board Examination at an affordable cost and eliminates the need for the accountancy students
of Urdaneta City and nearby places to go to other places just for review.
Conclusions and Recommendations: Based on the information, assumptions and ratios
presented, it is concluded that the business operation of UCU CPA Review Center is viable.
Hence, this study is highly recommended for implementation.

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