TABUK CITY, Kalinga – A training on business expense savings has been given to workers of cooperatives here by the City Cooperatives and Enterprise Development Office (CCEDO).
According to May Bumatay of CCEDO, the training was designed to assist local cooperative cashiers and bookkeepers in understanding the significance of business financial management, spending, budgeting, savings management, and time appreciation.
Cooperative employees who perform accounting-related activities might use this activity to monitor the financial health of their company, she further stated.
Three modules—understanding the supply and demand situation and customer demand, managing constraints and competitors, and understanding the basic business cycle and entrepreneurial values—were covered on the first day of the training by Melvin Banggollay, a senior cooperative development specialist.
The training, which takes the shape of a game, is designed to help participants quickly understand key ideas such as supply and demand, cash flow, and connecting with the appropriate market.
The CCEDO asserts that cooperatives can effectively assess their marketing and disposition of their products and services for a successful operation. This is accomplished through good governance and management.
