his paper analyzes the Financial Management and Reporting Practice of consumer cooperatives.rnIt briefly reviews cooperatives structure in relation to financial management and reportingrnpractice. The reporting format shown in this paper will be used for those cooperatives that havernlimited bookkeeping or accounting experience. In many cooperatives, trained accountants willrntake care of the financial reports. However, most management members should understand thernreporting function and be able to interpret financial reports. By understanding components ofrnfinancial management cooperative leaders will make prudent business decision