ABTRACT
This research work was focused on investigation on the use of budgeting as a tool for planning and control in topical manufacturing industry like Nigerian breweries plc, Enugu.
The objective of the study is to show the important of budgeting as a tool for planning and control in operation of a manufacture industry which has profit maximization as its principal objective. The research also aims at identifying the procedures adopted in the formulation of annual budgets of Nigerian Breweries plc.
Based on this, the following hypothesis was formulated for the study. The hypothesis include:
Managers use budgeting as a tool for planning and control in attaining the goals of the business.
Decisionmaking is performed in a manufacturing industry using budgeting.
Utilization of resource is achieved with the use of budgeting and budgetary control
Following the investigation and analyzation of the data, the following findings were made:
1. The organization uses budgeting in achieving their goals and objectives.
2. The main objective of the organization is maximization of profit.
3. Efficiency and effectiveness of the organizations operation is
enhanced through the use of budgeting etc. From the finding, the conclusion were arrived that budgeting is a very essential and indispensable tool for planning and control. It helps management to be well structure in sustaining the growth and expansion of the organization.
TABLE OF CONTENTS
Title Page i
Approval page ii
Dedication iii
Acknowledgement iv
Abstract v
Table of content vi
CHAPTER ONE INTRODUCTION:
1.1 Statement of the problem 4
1.2 Purpose Of The Study 5
1.3 Research question 6
1.4 Statement of hypothesis 6
1.5 Scope and limitation of the study 7
1.6 Significance of the study 7
1.7 Definition 8
CHAPTER TWO: REVIEW OF RELATED LITERATION
2.1 Definition of budget 10
2.2 Features and functions of budget 12
2.3 Preparation of budget 15
2.4 Type and methods of budget 20
2.5 Problems associated with budget 26
2.6 Planning function in an organization 27
2.7controlling function in an organization 31
2.8 Budgetary control and analysis of variance 33
CHAPTER THREE: RESEACH METHODOLOGY
3.1 Research Design 38
3.2 Source of data 38
3.3 Population of the study 40
3.4 Sampling and sample size 40
3.5 Method of data analysis 43
3.6 Problem of data collection. 44
CHAPTER FOUR: PRESENTATION, ANALYSIS AND INTERPRESENTATION OF DATA
4.1 Analysis of data 47
4.2 Hypothesis testing 58
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSING AND RECOMMENDATION.
5.1 Summary of findings 64
5.2 Conclusion 67
5.3 Recommendation 67
BIBLIOGRAPHY 70
APPENDIX: QUESTIONAIRES 72
ABSTRACTThis research study was aimed at critically assessing the statutory auditors independence on internal contr...
Continue readingABSTRACTThe objective of this study was to evaluate the internal control system in operation at power holding com...
Continue readingABSTRACTThis study examines the essence of effective inventories control and management to manufacturing companies with...
Continue reading