ACKNOWLEDGEMENT

Immeasurable appreciation and deepest gratitude for the help and support are

extended to the following persons who in one way or another have contributed in

making this study possible.

To our beloved dean, Lilian DLM. Litonjua, CPA, MBA, for her undying love and

support to our department.

To our adviser, Ruth P. Carlos, CPA, DBA who guided us and shared his

knowledge for us to be able to finish this study. He is the person who did not give up

on us no matter how hard our heads are. He is the one who encouraged us to study

hard and explore many things for us to gain knowledge.

To our panelists, Lilian DLM. Litonjua, CPA, MBA, and Melinda S. Balbarino,

CPA, MBA who challenged us to give our very best during the final defense.

To the family and friends, especially the parents of the researchers, for their

untiring accommodation, moral and financial support, and notable encouragements;

And most of all, the proponents would like to extent their deepest appreciation

to God Almighty who graciously provided patience, strength, and knowledge to

accomplishing the related tasks. Without Him, this study could have not been possible.

To Him be the highest honor and praise. We thank you.

The Researchers

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