Perceived Level of Awareness and Implementation of Accounting Practices among the Barangay Treasurers in the Municipality of Bayombong

This paper highlights the importance of being aware and properly implementing accounting practices in barangays specifically in the municipality of Bayombong. Barangay Treasurers manage funds but often face challenges due to a lack of qualifications. Government efforts, such as the LGU Integrated Financial Tool (LIFT) System, aim to improve transparency and financial reporting, ensuring efficient resource use and good governance in barangays. The primary objective of this study is to create a basis for the improvement of awareness and implementation of the accounting practices of the barangays through training programs with regard to the best practices for effective financial management and for the development and sustainability of the 25 barangays. The study used a descriptive-comparative-correlational research design, combining qualitative and quantitative approaches to determine barangay treasurers' perceived level of awareness and implementation of accounting practices in the Municipality of Bayombong. A purposive sampling technique was used to select the respondents. A standardized survey questionnaire collected data on demographic information, measures of awareness and implementation of accounting practices (using a Likert scale), and open-ended questions regarding challenges encountered. The study found that barangay treasurers generally have high awareness and implementation of accounting practices, though improvement is needed in areas like cost accounting and asset valuation. No significant differences were observed based on age, service length, or education, suggesting standardized training levels the field. A positive correlation between awareness and implementation was noted, while challenges on the implementation of accounting practices included technology, time management, and knowledge gaps, highlighting the need for targeted training. The study concludes that while treasurers demonstrate high accounting awareness and implementation, sustaining high levels in specific areas like cost accounting is necessary. It is recommended to hold specific training programs focusing on advanced technologies and accounting practices, followed by evaluations to monitor progress and address ongoing challenges, ensuring continuous improvement.