Theoretical Framework This study was supported by the following studies

Theoretical framework this study was supported by the

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to the entity’s inventory (Rawat, 2015). Theoretical Framework This study was supported by the following studies: Naliaka&Namusonge (2005) emphasized that demanding situations of inventory management and control were around for a completely long time mainly in fields of discrepancies, theft, fraud, obsolescence, deterioration and breakages. Businesses sometimes do not control their inventory holding which cause them to stay off production with low stocks resulting to business ineffectiveness thus developing problems between inventory control and business effectiveness, profitability and productivity. An excessive amount of inventory consumes physical space, creates financial burden and increase potentiality of spoilage, damage and loss. Effective internal management control, if implemented effectively can lead to success in business areas. This is supported by the theories of (Hayes, 1995 &Synder et al, 1989) Doyle et al, 2007), by noting that improved internal management control should result to more reliable internal data and information such as inventories, payable and performance level, therefore leading to improved operations, better internal decision making and lower employee fraud.
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15 Ingram (2012), emphasized that internal business controls such as inventory audit, physical inventory counts on hand and compare it with internal inventory records, purchase records and sales records to help detect occurrence of theft, spoilage or other forms of frauds. This study is premised on the assumption that in any businesses, especially Concessionaires, a careful study of inventory management practices is needed to ensure better performance, thus influences fraud control implementation. More relevant than the others, the above three theories will be used as basic ground in determining the relationship between the two variables. Conceptual Framework This study is aimed to determine the correlation between inventory management and fraud control implementation of concessionaires in among Universities in Davao City. Figure 1 illustrates the conceptual framework of the study. It shows the relationship between the variable X indicated by level inventory management in terms of 1.) Stock Outs and 2.) Surplus Stock; and variable y indicated by the level fraud control implementation in terms of 1.) Inventory Theft and 2.)Physical Inventory Count. Variable X Variable Y Fraud Control Implementation Segregation of Duties Physical Inventory Count Inventory Management Inventory Planning Inventory Control
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16 Figure 1. Conceptual Framework Showing the Variables of the Study
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17 Chapter III This chapter presents and discusses the research design, research respondents, research instruments, data gathering procedure and statistical tools to be used in this study. Research Design This study uses the descriptive-correlation design. Since this study aimed to determine the correlation between inventory management and fraud control implementation of concessionaires among Universities in Davao City, this research design was the most suitable to use as stated on the writings of Creswell (2014). He mentioned that this research design is used by
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