A CRITICAL ANALYSIS OF BUDGETARY CONTROL: ITS EFFECTIVENESS AND EFFICIENCY IN A NON PROFIT MAKING ORGANIZATION (A CASE STUDY OF N.C.R.I BADEGGI)

  • 0 Review(s)

Product Category: Projects

Product Code: 00000768

No of Pages: 66

No of Chapters: 5

File Format: Microsoft Word

Price :

₦3000

TABLE OF CONTENTS

 

Title  page

Approval page

Dedication

Acknowledgement

Propose

Table of contents 

 

 CHAPTER ONE:  Introduction        

1.1            Purpose of the study

1.2            Statement of the problem

1.3            Objective of the study

1.4            Scope of the study

1.5            Research question 

1.6             Research hypothesis

1.7            Limitation of the study

1.8            Definition of terms

CHAPTER TWO

LITERATURE REVIEW

2.1            Budgetary control in a non profit organization

2.2            Background information

2.3            Mgt. And administration of budgetary control

2.4            Budget preparation

2.5            Budget implementation and control process

2.6            Reasons for production of a budgetary control system

2.7            Problems associated with the budgetary control system

2.8            Organization structure

 

CHAPTER THREE

RESEARCH METHODOLOGY 

3.1            Research design

3.2            Area of the study

3.3            Population of the study

3.4            Sample and sampling procedure/ technique

3.5            Instrument for data collection

3.6            Validation of the instrument

3.7            Reliability of the instrument

3.8            Method of data collection

3.9            Method of data analysis

 

CHAPTER FOUR

PRESENTATION OF DATA AND ANALYSIS

4.1            Presentation and analysis of data

4.2            Testing of hypothesis

4.3            Summary of result

4.4            Interpretation of results

 

CHAPTER FIVE SUMMARY/ CONCLUSION AND RECOMMENDATION

5.1            Discussion of results and findings

5.2            Conclusion

5.3            Recommendation

5.4            Suggestions for further research

Bibliography.





         

 

CHAPTER ONE

 

1.0   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   in  a non profit making organization output various with the objective with which they were established. The objective of public organization could be social and or development in nature

. however this does not  means  that public organization can not make profit if government policy changes to   privatizing or commercializing them. The main structural problem of these type of organization is the sacrifice of the organization  profitability for social efficacy which must be achieved in research  institute Badeggi falls into this category. 

With the use of budget as a control tool, there is Ned for planning a the performance of an organization.  Planning  as  defined by C.I.M.A is  an the establishment of objective and the  formulation evaluation and selection of the formulation of the policies strategies  tactics and action required to achieve these objective, by planning activities in advance more economical use is made  of the  organization resource and facilities and a fairly accurate estimates of it s future resources requirement can be determined.

One of the outstanding features of budgetary control is that policy plans resource s and activities of the organization are coordinated integrated   and controlled to achieve the desired objectives.

Budgetary control is a means of providing some centralizing control where activities and also responsibilities are decentralized.

It is also the use of budget for assigning responsibilities planning and controlling performance and guiding managerial and other activities of the firm towards the achievement of organizational objectives. It involves, setting out clearly defined  forgets of output , income and expenditure for each section of the organization .Embodying these forgets of performance in sectional divisional and departmental  budgets co0mpariing these budget standards with actual performance .identifying deviations or variances from the budget and taking corrective action or bringing performance in line with budget targets .this is because all the heads of departments in the organization are involved in the preparation and implementation of budgets, while management5 control the whole activities of the organization.

                   Budgets are prepared as a result of committee work .Each cmmittee constituting of representatives of various departments and functions to be controlled .the heads of departments are  responsible for the respective department budget 

Each executive or manager can then fully appreciate his responsibilities ,as they are reflected in his department budget .Any deviation of the actual result from the estimate and  forecast are traced back to the department head or manager.

 

1.1     PURPOSE OF THE STUDY

     Most of the non_ profit making organization in Nigeria are  governmental in nature, this is because they are mainly set up for social and developmental purposes, this usually leads to a poor planning and control measures. The purpose of this study is to critically analyze the budgetary control system as a planning tool in non_ profit making organization using National cereals  Research  institute as a case study. This research work intend to bring about clearer understanding of the need for an effective and efficient budgetary control in a  nonprofit making organization which will also  be of benefit to other similar

Organization leading to an improvement in government owned organization budgetary control system.

 

1. 2    STATEMENT OF PROBLEMS

     public sector  and other nonprofit making organization are often noted for inefficiencies  and poor management, which is as a result of poor  planning through repetitive budgeting. Recent studies in the area of budget and resources allocation have shown lack of proper analysis. There is a general lack of the concept of why we have a budget at all. This issue calls for immediate  investigation of budgeting as a tool for resources planning and performance control and to recommend how it can function properly.  

 

1.3.       OBJECTIVE OF THE STUDY

      The  main  objective to be achieved from this research work is that, it will; serve as a means of measuring the output or the work performed and to compare it with the cost of input. This comparison provides a basis for indicating efficiency and effectiveness.

      The process of comparing actual results with planned and evaluating variance if any set a control frame works which help expenditure to be kept within an agreed limit.  If this deviations are noted, so that action can be taken to correct this in the future.

 

1.4     SCOPE OF THE STUDY

           The study intend to cover budgetary control as it affect National cereals Research institutes {N.C.R I} . it will  examine its budgeting control as a measure of performance.

 

1.5            RESEARCH QUESTIONS

The followings are the research questions of the study.

i.                   Is budgetary control effectiveness and efficiency facilitated by the role of government?

ii.                 Is the effectiveness and efficiency of budgetary control dependent on the provision of basic infrastructures?

iii.              Is budgetary control the hallmark for development of the economy 


1.6     RESEARCH HYPOTHESIS

The under listed hypothesis from the framework for carrying out the study

HO:    Budgetary control effective and it s efficiency is not facilitated by the financing inducing role of government.

HI: Budgetary control effectiveness and its efficiency is facilitated by the financial inducing role of government

HO: Effectiveness and efficiency of budgetary control does not depend excessively on the provision of basic infrastructures .

H1: Effectiveness and efficiency of budgetary control expends excessively on the provision of basic infrastructures.

HO: Budgetary control are not the hallmark for development of the economy

H1: Budgetary control are the hallmark for development of the economy.

 

1.7            LIMITATION OF THE STUDY

The constraints include:

Time factor, the period within which the research work is expected to be completed is rather two short for any meaningful work to be done.

financial  difficulty, considering the bad economy situation in the country, effort to have  sufficient research material to be able to write extensively on the Subject matter proves abortive.

LACK OF ADEQUATE RESEARCH MATERIAL

Many libraries visited offered little help as regard text books for the project.

POOR RESPONSE FROM THE EMPLOYEES

The  employees are unable to disclose some information about the company which made some difficulty in writing the research work.

 

 

1.8            DEFINITION OF TERMS

Actual Performance – Is the real facts on how well or badly the targeted objective was achieved.

Budget – Is a statement showing how money will be spent over a period of time.

Critical –      Expressing  disapproval  on the expected performance.

Efficacy –     The ability to produce

Effectiveness – Ability to produce  the intended or actual result being

     efficacious and efficient. 

Evaluation – Finding out or stating the value of something.

Forecast -    To  budget in advance what is likely to happen

HO     -        Null hypothesis

H1      - Alternative hypothesis Alternative hypothesis is what the researcher

thinks most of the respondent will agree with in relation to the research problem or the true description of the phenomena. Null hypothesis is not and the opposite.

Hallmark – Mark to indicate standard.

Inducing – Persuade, bring in labour

Planning – Is the act or process of intending  to achieve an objective in advance.

Variance – Is the amount which brings difference between the actual and the budgeted.

 

Buyers has the right to create dispute within seven (7) days of purchase for 100% refund request when you experience issue with the file received. 

Dispute can only be created when you receive a corrupt file, a wrong file or irregularities in the table of contents and content of the file you received. 

ProjectShelve.com shall either provide the appropriate file within 48hrs or send refund excluding your bank transaction charges. Term and Conditions are applied.

Buyers are expected to confirm that the material you are paying for is available on our website ProjectShelve.com and you have selected the right material, you have also gone through the preliminary pages and it interests you before payment. DO NOT MAKE BANK PAYMENT IF YOUR TOPIC IS NOT ON THE WEBSITE.

In case of payment for a material not available on ProjectShelve.com, the management of ProjectShelve.com has the right to keep your money until you send a topic that is available on our website within 48 hours.

You cannot change topic after receiving material of the topic you ordered and paid for.

Ratings & Reviews

0.0

No Review Found.


To Review


To Comment