THE IMPACT OF BUDGETARY CONTROL ON THE PROFIT OF BUSINESS ENTERPRISE TABLE OF CONTENT CHAPTER ONE: Introduction 1.1 Background of the study 1.2 The statement of the problem 1.3 Objective of the study 1.4 Significance of the study 1.5 Limitations of the study CHAPTER TWO Review of Related Literature 2.1 Budgetary control 2.2 Aims and objectives of budgetary control 2.3 Problems in monetary control 2.4 Budgetary control and profit 2.5 Qualities of good budgetary control 2.6 Success and application of budgetary control Reference CHAPTER THREE Research Design and Methodology 31. Sources of data Secondary sources 32. Location of data 33. Methods of data collection CHAPTER FOUR 4.1 Findings CHAPTER FIVE Recommendations and Conclusion 5.1 Recommendations 5.2 Conclusion Bibliography CHAPTER ONE INTRODUCTIONS 1.1 BACKGROUND OF THE STUDY The increasing complexity of the business environment has necessitated a systematic approach to the impact of budgetary control on the profit of business enterprise. Based on business philosophy, nationally or internationally corporate goal in centered on high production with minimal production cost and hence profit maximization. Sufficient profit is required so that the rating of the efficiency of the business organization will be high. The owners of the business will expect their rewards as dividends, the creditors require payment, the employees of the business organizations will demand their remunerations and the social responsibility to the community where they are located. All of the demands have to be met form the cash inflow. As a result, the need arises of the management of the business enterprises to plan their operation and channel their resources into projects that would yield the highest profit. 1.2 THE STATEMENT OF THE PROBLEM With regards to the problem enumerated in the statement of the problem, this study is aim at the following:- 1. Establishing to interviews relationship between budgeting controls and profit. 2. Creating a better awareness of the indispensability of controls in the consistent profit maximization. 3. Adding to the existing knowledge, the impacts of budgetary controls on profits. 4. Making useful recommendations on their measures that could executed for increase profit. 1.3 OBJECTIVE OF THE STUDY The following objectives of this study which the researcher have designed to achieve are; 1. To know the aims and objectives of budgetary control. 2. To knows the problem in monetary control 3. To know the budgetary control and profit. 4. To determines the qualities of good budgetary control. 5. To know the success and application of budgetary control. 1.4 SIGNIFICANCES OF THE STUDY A budget is thus a standard with which to measure the actual achievements of the business enterprises. While budgetary control is the planning in advance of the various function of a business enterprises so that the business as a whole can be controlled. Therefore, budget and monetary control are inseparable. High mortality rate of business enterprises in the present phenome have been traced to non application of budgetary controls. With little or no consideration for the influence controls have an profits, some business enterprises move from one accounting period to the other with in adequate controls. As a result, their profit for a number of years have little or no remarkable variation. Hence the business philosophy is some what defeated and meeting the organization obligation have become a problem. The organization that manages to establish controls pursuer them so carelessly that the whole substratum collapses. These problem have persisted and is there need for an in depth study on the topic to ease these problems on one hand and to eradicate them on the other hand arises.
THE IMPACT OF BUDGETARY CONTROL ON THE PROFIT OF BUSINESS ENTERPRISE
INTRODUCTION The increasing complexity of the business environment has necessitated a systematic approach to the impact of budgetary control on the profit of business enterprise. Based on business philosophy, nationally or internationally corporate goal in centered on high production with minimal production cost and hence profit maximization.... Continue Reading
INTRODUCTION The increasing complexity of the business environment has necessitated a systematic approach to the impact of budgetary control on the profit of business enterprise. Based on business philosophy, nationally or internationally corporate goal in centered on high production with minimal production cost and hence profit maximization.... Continue Reading
ABSTRACT The research is concerned with the effects of the impact of budgetary control on the profit of a business organization. TABLE OF CONTENTS TITLE PAGE APPROVAL PAGE DEDICATION ACKNOWLEDGEMENT ABSTRACT TABLE OF CONTENTS CHAPTER ONE: INTRODUCTION 1.1BACKGROUND OF THE STUDY 1.2STATEMENT OF THE STUDY 1.3OBJECTIVE OF THE STUDY 1.4SIGNIFICANCE OF... Continue Reading
ABSTRACT The research is concerned with the effects of the impact of budgetary control on the profit of a business organization. TABLE OF CONTENTS TITLE PAGE APPROVAL PAGE DEDICATION ACKNOWLEDGEMENT ABSTRACT TABLE OF CONTENTS CHAPTER ONE: INTRODUCTION 1.1 BACKGROUND OF THE STUDY 1.2 STATEMENT OF THE STUDY 1.3 OBJECTIVE OF THE STUDY 1.4... Continue Reading
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) TABLE OF CONTENTS Title page Approval page Dedication Acknowledgement Propose Table of contents CHAPTER ONE: Introduction 1.1 Purpose of the study... Continue Reading
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 organizationlink between the manager and the other people in an organization in a non profit making organization output various... Continue Reading
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 organizationlink between the manager and the other people in an organization in a non profit making organization output various... Continue Reading
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... Continue Reading
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 PROPOSAL This research work will be A very crucial study for non- – profit making organization in Nigeria. The role of non – profit making organization in any economy is indispensable. To give this... Continue Reading
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... Continue Reading