Potential Assessment of Persons with the Responsibility in Managing Financial Statements of Village and Urban Communities Fund A Case Study of Chiang Mai Province

Abstract

The objectives of this study were to examine the potential of individuals responsible for managing financial statements and compare the personal attributes that influence their potential. Additionally, the study aimed to investigate the issues and approaches involved in preparing financial statements for village and urban communities funds. The population of interest consisted of 326 village and urban funds. The research utilized a questionnaire as the data collection tool, which was analyzed using statistical software. The hypotheses were tested through t-test analysis and one-way ANOVA.

The study revealed that the overall potential of individuals responsible for managing financial statements was at a high level. When testing the hypotheses, it was found that there was a statistically significant difference in personal characteristics at a significance level of .05. The study identified several issues regarding the preparation of historical financial statements. Firstly, the financial documents were stored without segregation, leading to difficulties in organizing the information. Secondly, the lack of permanent positions resulted in intermittent work and inconsistent guidelines for preparing financial statements. Based on the findings, the study suggested several recommendations. First, it was recommended to develop manuals or instructional videos on the preparation of financial statements for the Village and Urban Communities Fund. These resources should be made accessible on various social media platforms and should use accounting forms that are easy to understand and not overly complex. Additionally, the study proposed the appointment of volunteers in the village who are accounting graduates or professors with accounting degrees to serve as consultants for financial statement preparation.