Download Tag: BUDGETARY CONTROL

Abstract This study was on effect of bank fail effective budgetary control as instrument for organization survival in Nigeria economy. Five objectives were raised which included: To determine whether budgeting is an effective management tool in organizations, to determine whether budgetary control has contributed to the success and survival of most set ups, to determine whether some organization would still have achieved success without effective budgetary control, to determine whether ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND TO THE STUDY A budget is designed to express forecast of revenue and expenditures for the ensuring fiscal year, which may correspond to the calendar year with exemption of primitive economics. The budget is the key instrument for the expression and execution of policies, principles, procedures, plans and objectives of management in quantitative and monetary values. Management of an enterprises is efficient if, it is ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY Every organization set out to achieve one objective or two other such objectives are usually streamlined through the planning process. In planning process involves setting out objectives, examine the various ways of achieving them and directing on the best ways future it brings about the problem of budgeting. Consequently, every business organization employs the principle and concept of budgeting as a tool in ...

ABSTRACT This research work conducted with special reference to the budgetary system of Emenite Nigeria Limited with the view to ascertain the major role budgets play in the achievement of profitability for an organization. Budget as a profit planning device sets standards of performance of manager, while budgetary control is a tool implored by management to keep track of actual performance to ensure budgeted standards are achieved. In the course ...

ABSTRACT This study examined the impact of budgetary control on profitability of an organization. Thus, the importance of budgetary cannot be emphasized in business organization, as management needs to embark on budget to effect proper planning and control. In this vein, budgeting can be seen as a process of planning and control. Proper budgeting can never affect efficient plans of organization without control. Thus, the desire to examine whether budgetary ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Resources are scare both locally and internationally but this is greatly in contrast with the tendency for them to be wasted and underutilized by the human factor involved in the production of goods and services. It is observed that with more and more firms springing up every day in almost all the industry only the fittest of their firms will survive the ...

ABSTRACT This study was undertaken to verify the impact of budgetary control on the profit marketing performance of Zenith Bank. The objective are focused on determining whether budgeting is an effective management tool in organizations whether budgetary control has contributed to the success and survival of organization as well as how organization handle their budgetary process successful organization were used as reference point in all situation. The choice of these ...

ABSTRACT This research work was focused on investigation on the use of budgeting and  budgetary  control as tools  for  accountability  in  government Parastatals. (A case study of Enugu State Housing Development Corporation). Budgetary control is a quantitative expression of plane of action prepare in advance of period to which it relate. The organization is face with the problem of lack of budgeting while planning and controlling their activities. The objective ...

ABSTRACT This study examined the impact of budgetary control on profitability of an organization. Thus, the importance of budgetary cannot be emphasized in business organization, as management needs to embark on budget to effect proper planning and control. In this vein, budgeting can be seen as a process of planning and control. Proper budgeting can never affect efficient plans of organization without control. Thus, the desire to examine whether budgetary ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY Since we live in an age which is marked by uncertainties in business prospects, it is in a setting of this nature that the budget is of great importance. Nearly everybody budget to some extent, even though many who prepare and use budget do not recognize that what they are doing is budgeting. Most people make estimate of the income to be ...

CHAPTER ONE 1.0     INTRODUCTION 1.1     BACKGROUND OF STUDY Whenever the demand for factors of production is greater than the supply, some method of apportioning them among different uses has to be employed and this brought the need for budgeting and control.  In a perfect competition, they would be distributed among different employments according to the demand for them, equilibrium being achieved when the marginal productivity of each was the same in all occupations ...

CHAPTER ONE INTRODUCTION 1.1   Background of the Study Budgetary control systems according to Wagh and Gadade (2013) are a control system that motivates as well as monitor the activities and personnel, as they perform all the financial and curricular activities in a patterned and systematic manner. Budgeting and budgetary control occupy an important place among techniques used in planning and control functions of an organization (Kipkembo, 2013). Budgetary control ...

INTRODUCTION 1.1   BACKGROUND OF THE STUDY A budget is a financial and a quantitative statement prepared prior to a defined period of time of the policy to be pursued for the purpose of attaining a given objective. Also according to A.U. Nweze (2004) in his profit planning. Budget is a plan quantified in monetary terms, prepared and approved prior to a defined period of time, usually showing planned income to ...

CHAPTER ONE INTRODUCTION The essence of budgeting is to provide an essential element of control in an organization in order to facilitate the achievement of set objectives. The control process is the fundamental organization link between the manager and the other people in an organization is a non-profit making organization output various with the objective with which they were established. The objective of the public organization could be social and ...

PROPOSAL In carrying out on investigation into an Afri -Bank of Nigeria plc, the major objective of any business Organization is base on profit maximization and improved future which leads to use of budgeting and burglary control, business organization to enhance growth and survival of the organization. Chapter one of  this project work : Will explain what  study  of background  is all about the statement  of problems,  the aims and ...