Download Tag: BUDGETING

CHAPTER ONE INTRODUCTION Background of the study Budgeting is essentially concerned with planning. According to Hausen .O. (1990). Dr. Jones discovered, failure of plan, either formally or informally, can lead to financial disaster. Careful planning is vital to the health of any organization. If that is the case, what role does budgeting play in planning and control? Simply put, plans identify objectives and action needed to achieve them. Budgets are ...

Abstract An efficient budgeting control system is one that produces the desired result. A balanced budget is the one that produces no variances but to achieve this, we are left to contemplation rather than a reality. This has become the problem of most of our manufacturing concerns in Nigeria. This study investigated the budget control and execution in manufacturing concerns in Nigeria with a view of appraising their efficiency. Out of a ...

ABSTRACT The study examined the benefit of budgeting as a managerial tool in an organization, which  focus on Nigeria Bottling Company Plc. The survey method was extensively used together data for the study and a simple through questionnaire and oral interview and discussion conduct with some of the study participants.  The study establish the benefit of budgeting as a management tool in an organization so that it can contributes to ...

ABSTRACT The main purpose of this study was to find out how local government finance their welfare and how they plan their limited fund so as to correspond with their obligations to the society. From the research study, the researchers find out that most local governments obtain their revenue internally, more than externally. This is the because of the fact that most local governments are situated in a place where ...

ABSTRACT An efficient budgeting control system is one that produces the desired result. A balanced budget is the one that produces no variances but to achieve this, we are left to contemplation rather than a reality. This has become the problem of most of our manufacturing concerns in Nigeria. This study investigated the budget control and execution in manufacturing concerns in Nigeria with a view of appraising their efficiency. Out of a ...

CHAPTER ONE  INTRODUCTION 1.1      BACKGROUND OF THE STUDY Over the years the budgeting system has been a traditional way of managing and controlling companies and manufacturing industry. For any organization to operate meaningfully there has to be clear direction of where it is leading to or what it is aiming to achieve the standard of objectives and a means of monitoring derivatives from standard requires. These considerations can only be met ...

ABSTRACT The usefulness of budgeting, as a management tool cannot be over emphasized. A good budgeting system could aid management in decision-making, performing the controlling and planning functions. It does seem that this very important implement of work is not efficiently used by many mangers, especially those in the private sector of our economy. The effect is that corporate efficiency has declined, profit maximization opportunity thrown over board, while planning ...

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 research work has focused on investigation on the use of budgeting as a tool for planning and control in topical manufacturing industry like Nigeria breweries Plc, Enugu. The objective of the study is the show the important of budgeting as a tool for planning and control in operation of a manufacture industry which has profit maximization as its principal objectives the research also aims at identifying the procedures ...

ABSTRACT Budgeting – A systematic approach to profit planning and control is a work centered on the use of budgeting as a tool for planning and control for profit maximization in a mobile telecommunication network Nigeria Limited Enugu as a case study. The objective of the study is to show the importance of budgeting as a tool for systematic profit planning and control in the mobile telecommunication network Nigeria limited which ...

CHAPTER ONE INTRODUCTION 1.1  Background of study Union Bank of Nigeria plc is one of the first generation banks started to the colonial era. Formally known as Baraclays bank DCO(Dominion Colonial and Overseas) it was opened in 1917. In compliance with the directive of the government in 1968, that all companies (Including Banks) must be incoporated  locally in Nigeria in 1969 and its name was consequently changed to Baraclays Banks of Nigeria ...

CHAPTER ONE INTRODUCTION Budgeting is the most comprehensive management tool for planning and control in any organization. New management techniques which involve meeting the increasing complexities of business today in the society is budgeting, and many things, have been written and said about it in books, journals magazines and newspapers. In fact it attracts very much human material attention. These reasons make the need for this research into the role ...

CHAPTER ONE INTRODUCTION 1.1  Background of the Study For any organization to operate meaningfully there has to be clear direction of where it is leading to or what it is aiming to achieve the standard of objectives and a means of monitoring derivatives from standard requires. These considerations can only be met through budgeting, planning as well as controlling. A budget has been defined as a quantitative plan usually in ...

Abstract An efficient budgeting control system is one that produces the desired result. A balanced budget is the one that produces no variances but to achieve this, we are left to contemplation rather than a reality. This has become the problem of most of our manufacturing concerns in Nigeria. This study investigated the budget control and execution in manufacturing concerns in Nigeria with a view of appraising their efficiency. Out of a ...

CHAPTER ONE 3.0      INTRODUCTION One on the ultimate means of evaluating the performance of a public sector can be attributed to budget or budgetary control. Most managers planning and control to determine the goals and objectives of an organization is geared towards accomplishing all activities of the organization to achieve its desired goals. In other words, to ensure that the company will make a projection of its cost and revenue (budget) ...

INTRODUCTION  In his budget of December 23, 2011 presented the year 2012 budget, there the governor of Enugu state governor Sullivan chime said that the thrust of the 2012 budget is poverty reduction of the people. The state government appreciated the dangers of delaying of delaying the narrowing of gay  between the tow socio-economic order ,the rich and the poor so as to provide  equal footing for both. For proper ...

CHAPTER ONE INTRODUCTION 1.0   BACKGROUND OF THE STUDY Business organizations need planning to achieve their aims and objective. It thorough planning in an organization cannot be done without involving the act of budgeting. The management has the purpose of providing a feed – foreword process. The concept of feed-forward =process in to provide each manager with guideline for making operation decision on a day –to- day basic. Budgeting deals ...

CHAPTER ONE INTRODUCTION 1.1   BACKGROUND OF THE STUDY Budgeting and budgetary control will continue to play a significant role in public organizations in Nigeria, considering the need to compete favorably with other organizations (both public and private) and make sure the organization as a going concern, most government agencies have adopted budgets and budgetary control techniques to effectively and efficiently allocate resources and achieve stated goals. Every Business-oriented organization is ...

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 ...