ERRATA SHEET
Thesis title: “THE RELATIONSHIP BETWEEN MANAGEMENT ACCOUNTING
PRACTICES AND FINANCIAL PERFORMANCE OF MANUFACTURING COMPANIES IN
PULILAN, BULACAN”
Location Error
Page vii / 6 / “God who always give me
strength…”
Page viii / line 3-4 / “…the Relationship of
Management Accounting
Practices (MAPs) on Financial
Performance (FP)…”
Page 5 / par 2 / line 5 “Traditional management
accounting practices are
preferred by large-sized
manufacturing companies in
Greece according to a study
made by Angelakis, Theriou,
and Floropoulos (2010).”
Page 5 / par 2 / line 9-11 “The use of traditional cost
accounting is now being
considered by a number of
companies as incomplete and
unprocessed.”
Page 13 / par 1 / line 4-5 “…(Chenhall, 2006; Jagalla,
and Skærbæk, 2013)”
Page 21 / par 1 / line 3 “…namely, qualitative and
descriptive research methods
that employ correlational…”
Page 21 / par 1 / line 5 “…was used in selecting the
participants and only six out
of 27 respondents were able to
give the needed…”
Page 21 / par 1 / line 7 “…University of Nairobi in
Nairobi, Kenya and used a
self-made questionnaire to
measure the extent of use of
management accounting …”
Page 28 / par 1 / line 3 “…Plantwide Overhead Rate
with M = 3.8333, SD =
1.16905…”
Page 33-34 / par 1 / “Results of Table 6 indicates
Correction
“God who always give us
strength…”
“…the Relationship between
Management Accounting
Practices (MAPs) and
Financial Performance
(FP)…”
“Large-sized manufacturing
companies in Greece
according to a study made by
Angelakis, Theriou, and
Floropoulos (2010) prefer
traditional management
accounting practices.”
“A number of companies is
now considering the use of
traditional cost accounting as
incomplete and unprocessed.”
“…(Chenhall, 2009; Skærbæk
& Tryggestad 2010).”
“…namely, quantitative and
descriptive research methods
that employ correlational…”
“…was used in selecting the
participants and only six out
of 27 manufacturing
companies were able to give
the needed…”
“…University of Nairobi in
Nairobi, Kenya to measure the
extent of use of management
accounting…”
“…Plantwide Overhead Rate
with M = 3.8333, SD =
1.16905 is used to a high
extent.”
“Results of Table 6 indicate
that a strong positive
correlation exists between
Costing System and ROEwith
rs = .736. Also, strong positive
correlation exists between use
of Costing System and ROA
and NPR, both resulting to a rs
= .706. Furthermore, there is
still strong positive correlation
exists between the use of
Costing System and GPR and
OPM having rs = .618. Strong
positive correlation exists
between the use of Budgeting
and the profitability measures
ROA, GPR, and OPM, all
having the value rs = .771.
Moreover, strong positive
correlation exists between the
use of Budgeting and ROE
and NPR having, rs = .714
and, rs = .657 respectively. In
addition, strong correlation
exists between the use of
Performance Evaluation and
GPR and OPM, both resulting
to values of rs = .794. Also,
strong positive correlation
exists between the use of
Performance Evaluation and
ROA and NPR, both resulting
to values of rs = .706. While
moderate positive correlation
exist between the use of
Performance Evaluation and
ROE, having the value rs =
.441.Strong positive
correlation exists between the
use of Information for
Decision Making and the
profitability measures GPR
and OPM, both having the
value rs = .696. Moderate
positive correlation exists
between the use of
Information for Decision
that a strong positive
correlation exists between
costing system and ROE with
rs = .736, ROA with rs = .706,
NPR with rs = .706, GPR with
rs = .618 and OPM with rs =
.618. A strong positive
correlation exists between the
use of budgeting and the
profitability measures ROA,
GPR, OPM, ROE and NPR
with values rs = .771, rs =
.771, rs = .771, rs = .714 and
rs = .657, respectively. In
addition, strong positive
correlation exists between
performance evaluation and
GPR with rs = .794, OPM
with rs = .794, ROA with rs =
.706 and NPR with rs = .706.
While moderate positive
correlation exists between
performance evaluation and
ROE, having the value rs =
.441. Furthermore, a strong
positive correlation exists
between information for
decision making and the
profitability measures GPR
and OPM, both having the
value rs = .696. Moderate
positive correlation exists
between Information for
Decision Making and ROA
and ROE and NPR, having the
value rs = .551, rs = .464, rs =
.435, respectively. Lastly,
strong positive correlation
exists between the use of
strategic analysis and the
profitability measures ROE,
ROA, GPR OPM and NPR
having the values rs = .771, rs
=.657, rs = .657, rs =.657 and
rs =.600, respectively.
However, none of the
 Making and ROA and ROE correlation coefficients were
and NPR, having the value rs found significant at 0.05
= .551, rs = .464, rs = .435, level.”
respectively. Lastly, strong
positive correlation exists
between the use of Strategic
Analysis and the measure
ROE, having the value rs =
.771. Moreover, strong
positive correlation exists
between the use of Strategic
Analysis and ROA, GPR and
OPM, all having the value rs =
.657. Additionally, strong
positive correlation exists
between the use of Strategic
Analysis and NPR, having the
value rs = .600.
However, none of the
correlation coefficients were
found significant at 0.05
level.”
Page 35 / par 1 / line 1 “indicates” “indicate”
Page 35 / par 1 / line 3 “…liquidity measures Quick “…liquidity measures quick
Assets Ratio and Cash Ratio asset ratio and cash ratio
resulted in a moderately resulted in a moderate
positive significant negative correlation…”
correlation…”
Page 35 / par 1 / line 4 “Appropriate interpretation Removed
suggests that the frequency of
use of the Costing System
tends to result in a higher Cash
and Quick Assets Ratio. On
the other hand…”
Page 35 / par 1 / line 6 “A very weak negative “A very weak negative
correlation exists between the correlation exists between
use of Budgeting in Cash budgeting and cash ratio and
Ratio and Quick Asset Ratio quick asset ratio both having
which resulted in values rs = - values of rs = -.086”
.086 on both ratio.”
Page 35 / par 1 / line 7 “Moreover, a strong negative “A strong negative correlation
and very weak negative exists between performance
correlation for Performance evaluation and current ratio
Evaluation to Current Ratio having value of rs = -.706.
and Quick Asset Ratio with However, a moderate negative
the values rs = -706 and rs = - correlation exists between
 441 respectively. Similar to performance evaluation and
performance evaluation, the quick asset ratio with rs = -
use of Cash Ratio resulted in a .441. A very weak negative
very weak negative correlation correlation exists between
with the value of rs = -1.77” performance evaluation and
cash ratio having value of rs =
-.177.”
Page 35 / par 1 / line 14 “A moderately negative “A weak negative
correlation…” correlation…”
Page 36 / table 8 / line 3 “ -2.65” “-.265”
Page 36 / par 1 / line 1 “Results of Table 8 indicate a “Results of Table 8 indicate a
very weak negative and strong very strong negative and
negative correlation…” strong negative correlation…”
Page 36 / par 1 / line 4 “Moreover, the frequency of “Moreover, a moderate
use of costing system indicates positive correlation exists
a moderate positive relation between costing system and
with Asset Turnover Ratio asset turnover ratio having
(ATR) resulting to rs = .412.” value of rs = .412.”
Page 36 / par 1 / line 5 “With the use of Budgeting “A strong negative correlation
system methods, there is a exists between budgeting and
strong negative correlation debt to equity ratio and debt to
with Debt to Equity Ratio asset ratio having values of rs
(DOE) and Debt to Assets = -.600 and rs = -.657,
Ratio (DOR) which resulted in respectively.”
values rs = -.600 and rs = -
.657, respectively.”
Page 36 / par 1 / line 7 “However, the frequency of “However, a weak positive
use of Budgeting results to a correlation exists between
weak positive correlation with budgeting and asset turnover
Asset Turnover Ratio (ATR) ratio having value of rs =
having a value of rs = .257.” .257”
Page 37 / par 1 / line 9 “On the other hand, “. On the other hand,
Performance Evaluation has a performance evaluation has
both very strong negative to both very strong negative
Debt to Assets Ratio (DOA) correlation with debt to assets
and Inventory Turnover Ratio ratio and inventory turnover
(ITR) which results to rs = - ratio having values of rs = -
.883 and rs = -.2.65, .883 and rs = -.2.65,
respectively.” respectively.”
Page 37 / par 1 / line 11 “A strong negative correlation, “A strong negative correlation
however exists between exists between performance
Performance Evaluation and evaluation and debt to equity
Debt to Equity Ratio ratio having value of rs =
(DOE)…” .794…”
Page 37 / par 1 / line 13 “Furthermore, this system has “Furthermore, performance
no correlation with the Asset evaluation has no correlation
 Turnover Ratio (ATR) of the
companies(, rs = 000)”
Page 37 / par 1 /line 15 “Inventory Turnover Ratio
(ITR) rs =-.232, Assets
Turnover Ratio (ATR) rs = -
.377…”
Page 37 / par 1 / line 17 “Lastly, a strong negative
correlation was found between
Strategic Analysis…”
Page 40 / par 3 / line 2 “…positive relationship
between extent of use of
costing system and financial
performance.”
Page 46 / par 4 / line 1 “The aim of this study was to
investigate the impact of
management…”
Page 48 / par 1 / line 3 “…performance measures,
performance evaluation has
negative relationship with
Debt-to-equity ratio.”
Page 49 / par 3 / line 2 “…tools to help them monitor
and access the performance of
the company.”
with the asset turnover ratio, rs
= 000.”
“Inventory turnover ratio rs =
-.377, assets turnover ratio
with rs = -.232…”
“Lastly, a strong negative
correlation exists between
strategic analysis…”
“…negative relationship
between costing system and
financial performance.”
“The aim of this study was to
investigate the relationship of
management…”
“…performance measures,
performance evaluation has
negative relationship with debt
to asset ratio.”
“…tools to help them monitor
and assess the performance of
the company.”