HomeThe Asian Journal of Educational Research and Synergyvol. 3 no. 2 (2011)

Financial statement analysis of a select group of State Universities and Colleges (SUCs) in the Philippines

Dennis C. Ligan | Allan B. De Guzman | Emmanuel J. Lopez

Discipline: Education, Accountancy



The SUCs financial state is vital to their existence in providing affordable quality education to deserving Filipino students. This paper reports the liquidity, solvency and profitability of a select group of SUCs in Metro Manila. Seven SUCs were evaluated based on their Consolidated Balance Sheet, Statement of Income and Expenses and Statement of Cash Flows gathered from the Commission on Audit (COA). The paper revealed that the SUCs liquidity and solvency position is strong, however their profitability is weak. They rely too much on government subsidy to survive and make a profit. The SUCs should learn to maximize the use of their assets to be cost efficient and should strive to be profitable and be self-sufficient without relying too much on government subsidy to survive.