TABLE OF CONTENT
Title
page
Certification
Dedication
Acknowledgement
Table
of content
CHAPTER ONE: INTRODUCTION
1.1
Background to the
study
1.2
Statement of
research problem
1.3
Objectives of the
study
1.4
Scope of the study
1.5
Significant of the
study
1.6
Hypothesis testing
1.7
Limitation of the
study
1.8
Definition of
terms
CHAPTER TWO: LITERATURE REVIEW
2.0
Introduction
2.1
Purpose of
budgetary control
2.2
He fundamental
principle of budgetary control
2.3
Objectives of
budgetary control
2.4
Advantages and weakness
of budgetary control
2.5
Types of budget
2.6
Installation of
budgetary control
2.7
Budget manual
2.8
Master budget
2.9
Human factors of
budgetary control
2.10
Budgetary control
and its effective us
CHAPTER THREE: RESEARCH METHODOLOGY
3.0
Introduction
3.1
Population and
sample size
3.2
Sources of data
3.3
Data collection
method
3.4
Method of data
analysis
3.5
Profile of the
case study
CHAPTER FOUR: DATA
PRESENTATION AND ANALYSIS
4.0
Introduction
4.1
Analysis of Bio
data
4.2
Statistical
analysis of responses
4.3
Testing of
hypothesis
CHAPTER FIVE
SUMMARY, CONCLUSION AND
RECOMMENDATION
5.1
Summary
5.2
Conclusion
5.3
Recommendation
References.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE STUDY
Any research inquire is aimed at
empirical reality which exist outside the mind of the observe. The aim of this
research therefore is to understand the significance effect of budgetary
control on the profit performance of Nigeria company.
The success of an enterprises depends
largely on the establishment and execution it’s quantitative and qualitative
course of action prepared and approved prior to the defined period of time
(Lucet, 2004).
Budgetary control is therefore sees as
a wheel that rolls the organization towards the achievement of it’s long and
short term cooperate objective it is therefore evident from the above assertion
that the effectiveness of budgetary control can not be over emphasized.
Over the tears the budgetary controls
have not been able to achieve the desired result due to certain inadequate and
deficiencies which constitute both technical and human defects (omolehinwa,
2000).
Most industries in Nigeria today are
face with the problem of forecasting future event like inflation rate and cost
behaviour due to unstable economy especially since the introduction of
structural adjustment programmes (SAP) In 1986 Lated in Omolehinwa 200).
This project work therefore look into
the effect of budgetary control on the profit performance of company in Nigeria with
focus on manufacturing industries and how the aforementioned inadequate and
deficiencies could be rectified.
1.2 STATEMENT OF RESEARCH PROBLEM
The following are some of the problem
of this research
(a) is the attitude of management towards budgeting
process a positive one?
(b) What has been the performance of budgeting as a
managerial control tool in manufacturing industries?
(c) What are the problem been faced in relation to
budgeting control in organization
(d) How could the problems associated with budget can be
could in other to achieve the stated objectives of the organization
(e) To what extent has budgeting achieved its objective in
organization
(f) Does budgeting really same time and aid quick
production and effective performance in an organization
(g) Has budgeting system been able to achieve the
objective of cost reduction and revenue maximization.
1.3 OBJECTIVES OF THE STUDY
The main objectives of this research
work is to analysis critically the effect of budgetary control of the profit performance
of company in Nigeria in a manufacturing industry and the general problem of
effect of profit performance of modern business organization and suggested
possible solution.
Specific objective of this project work
include the following
a.
To ascertain the effect
of budget on revenue generation in manufacturing industries
b.
To examine the
problem being faced in relation to effect of budgeting control in organization
and provide likely solution.
c.
To know the
contribution of budgetary control in achievement of organization objective
d.
How budgeting
control has its own deficiency when its being affected by economic condition
these are inflation and seasonal variation government pronouncement and others
e.
To identify whether
the budgetary control system has brought about cost reduction in production and
services rendered by the organization.
1.4 SCOPE
OF THE STUDY
The project on the effect of budgetary
control on the profit performance o the company with a case study of Nigeria
bottling co plc 7up.
Research work to be carried out
includes the analysis of the effectiveness of budgetary control in the profit
performance of the company and direct question on how it affect the Nigeria
industries
1.5 SIGNIFICANCE OF THE STUDY
the study has enable us to know the
significant of the budgetary control and effect of profit performance in Nigeria
company. It also help us to know the relevant of budgetary control in Nigeria
industry.
On the completion of this research
work it will serve as a reference of part of several institution and person. It
will be better appreciated by Nigeria
industries and entire public enterprise those body should seek to improve on
the are of lapses and where the role of budgetary control has been undermined
as they shall be highlighted in this research work.
It will also serve as a pouter for
potential weal and foreign company who will discover the humorous opportunities
that derived from this research work.
The government will also benefit from
this research work as it shall attempt to encourage public participation in budgetary
planning.
Scholars will greatly benefit from
this work because it shall add to their existing knowledge of budgetary control
on how it affect the profit performance of Nigeria company.
1.6 HYPOTHESIS TESTING
Hypothesis 1
It is a test performed in order to
very whether an hypothesis is true or false it is also populated for the
purpose of accepting or rejecting of an assumption.
Ho – Budgetary control does not
contribute to the accruement of organizational objective.
HA – Budgeting is no longer useful in
managerial control of cost reduction and revenue generation.
1.7 LIMITATION OF THE STUDY
Here are limitation attributed to the
problems under the study- these are
i.
Time constraints
ii.
Cost
iii.
The information
which may not be released by companies staff due to the agreement of secrecy
and confidentiality.
iv.
For the purpose of
this research effect of budgetary control in manufacturing companies, for
cursed, it is for cused in operating and financial budget which is otherwise
know as “master – budget rather than capital budget”.
1.8 DEFINITION OF TERMS
BUDGET: A budget can be defined as a
financial and/ or quantitative statement prepared and approved prior to a
defined period of time usually showing anticipated revenue or income and
expenditure to be insure in a given accounting period so as to achieve a basis
goal or objective for the organization or establishment it is a blue print plan
for future activities (KOLAWOLE 2006).
BUDGET
COMMITTEE: Committee responsible for
the preparation of budget usually headed by the chief executive of the
organization and comprising of the various functional head of department of
their representative (OMOLEHINWA, 2000).
BUDGETARY
PLANNING: IS defined as establishments of short term goal designed and
incorporated from the long term corporate objective of an organization such
that short term goal is based on budget (MUBARAQ 2000).
BUDGET
CONTROL: is part of overall system of responsibility accounting within an
organization. It is a system of accounting in which cost and revenue is
analyzed in accordance with area of personal responsibilities so that
performance of budget holds can be monitored (ADENIYI, 2004).
BUDGET
MANUAL: Is an instruction or information manual about the way the budget
operates in the particular organization and reasons for having a budget
(ADENIYI, 2004).
BUDGET
CENTRE: A budget centre is a department of the organization that is capable of
having it’s own separate budget.
BUDGET
TEAM: The budget term is created at the beginning of the budgeting system and
the total participants depends upon the size, number of department and
financial capability of the company the budget team debate on various budget to
be adopted.
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