ABSTRACT
The viability of any business organization be it public or private depends on the set up of it’s financial planning and control to all business, money is the means and end.
This work therefore critically look at the impact of financial planning and control on public owned companies with Benue State Agricultural Development company as a main focus. The various tools of financial planning and control such as short term debts retained earnings, credit control employed by the company towards achieving this lofty goal in the life of the company were examined and ascertained their effective contribution or otherwise.
The study established that the poorly financial planning and control is responsible for that fast eroding financial base public corporation. This find was arrived through indepth research on the financial planning and control tools employed. Data collected were analyzed and presented in a tabular form and interpreted.
Very useful conclusion and recommendations based on the research findings are made at the later part of this project. It is earnestly believed that if those recommendations were adopted, the management and the financial base of public corporation would be turned round for good.
TABLE OF CONTENT
CHAPTER ONE: INTRODUCTION
1.1 General Overview:………………………………………………..1
1.2 Statement of problem: ………………………………………….3
1.3 Objectives of the study: ………………………………………..4
1.4 Significance of the study: ………………………………………4
1.5 Research Hypothesis: …………………………………………..5
1.6 Scope of the study/delineation of the study:………………5
1.7 Definition of terms: ……………………………………………..6
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CHAPTER TWO: PROFILE OF ADC
2.1 Introduction: ……………………………………………………..8
2.2 Historical background of ADC: ………………………………8
2.3 Organizational structure of ADC: ……………………………9
2.4 Financial and capital structure of ADC: ………………….11
2.5 Function and activities of ADC: …………………………….13
2.6 Summary: ……………………………………………………….14
3.1 Introduction: ……………………………………………………16
3.2 General planning technique: ………………………………..16
3.2.1 Strategies and operation planning: ………………………..18
3.2.2 Pricing and operation planning: ……………………………19
3.2.3 Financial plans and control tools: …………………………20
3.3 Financial planning and control in public sector: ……….21
3.3.1 Strategy for cost control: ……………………………………..30
3.3.2 Control of working capital: …………………………………..32
3.3.3 Control of inflow and out flow of cash: ……………………34
3.4 Conclusion: ……………………………………………………..35
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4.1 Introduction: ……………………………………………………36
4.2 Design of research: ……………………………………………37
4.2.1 Population: ………………………………………………………37
4.2.2 Sample: …………………………………………………………..37
4.2.3 Instrumentation: ………………………………………………38
4.2.4 Procedure for data analysis: …………………………………40
4.4 Justification of methods used: ……………………………..40
4.5 Conclusion: ……………………………………………………..40
5.1 Introduction: ……………………………………………………41
5.2 Data presentation, and analysis: …………………………..41
RECOMMENDATIONS AND LIMITATIONS OF THE STUDY
6.1 Summary: ………………………………………………………55
6.2 Conclusion: ……………………………………………………..57
6.3 Recommendations: ……………………………………………59
6.4 Limitation of the study: ………………………………………60
