Table 12 Financial items (adapted from Bengomin 2018)
Item | Statement |
|---|---|
FL_1 | Our firm analyzes its financial performance periodically |
FL_2 | Our firm prepares monthly income statements |
FL_3 | We received training on book-keeping |
FL_4 | Our firm has bought formal insurance for our business |
FL_5 | The management of our firm can compute the cost of its loan capital |
FL_6 | Our firm has a savings account |
FL_7 | Our management can prepare basic accounting books |
FL_8 | Our firm is aware of the required documents to get a bank loan in order to fulfil our financial needs |
FL_9 | Our firm is aware of the costs and benefits of accessing credit |
FL_10 | Our firm is able to calculate interest rates and loan payments correctly |
FL_11 | Our finance team have the skills required to assess the financial outlook for the firm |
FL_12 | Our finance team has skill for minimizing losses by minimizing bad debts |
FL_13 | The managers of our firm have basic accounting knowledge |