THE IMPACT OF BUDGET AND BUDGETARY CONTROL IN TERTIARY INSTITUTIONS
CHAPTER ONE 1.0 INTRODUCTION 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 the actions needed ...
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