BUDGETARY CONTROL SYSTEM AND ITS LINK WITH PEFROMANCE MANAGEMENT AND DECISION MAKING

  • Chapters:5
  • Pages:48
  • Methodology:nil
  • Reference:YES
  • Format:Microsoft Word
(Accounting)
BUDGETARY CONTROL SYSTEM AND ITS LINK WITH PEFROMANCE MANAGEMENT AND DECISION MAKING
A CASE STUDY OF NIGERIA BREWIERIES
ABSTRACT

As a result of rapid increase in the management problems of business organisations and also millions of naira wasted at project sites and the collapse of our industrial sector, the writer decided to survey the avenues in which these wasted funds could be curtailed and management problems ameliorated.  It was assumed that most of this problem arose as a result of poor budgetary control system. The writer introduced the study in chapter one of this project work with a clear statement of the problems inherent in poor budgetary control sytem, and how it is linked with peformance management and decision making.  In chapter consist of the literature reviews, where basic concept of budget control systems were clearly stated out. Chapter three stated the designed and method of investigation. Chapter four had gone through analyzing all of these data collected, the questions the questionnaire were analyzed one after the other with number and degree respondents that affirmed to a particular answer given and vise visa. Chapter five was the last chapter that contains the findings, conclusions, and recommendations.
TABLE OF CONTENT
CHAPTER ONE: INTRODUCTION
1.1 Back ground 0of study
1.2  Statement of problem   
1.3  Objectives of the study
1.4  Research questions       
1.5  Research hypothesis     
1.6  Scope of the study               
1.7  Significance of the study       
1.8  Limitations of the study         
1.9  Definitions of terms      
References        
CHAPTER TWO: REVIEW OF RELATED LITERATURE
2.1    The budget control system meaning
2.2    The budget period
2.3    Purpose for preparing budget:
2.4    A comprehensive budgetary system
2.5    Merits and demerits of budgetary control
2.6    Human aspect of budgeting and budgetary controls         
references         
CHAPTER THREE
3.0    Research design and methodology                
3.1    Sources of data  
3.2    Sample size               
3.3    Method of investigation               
3.4    Method of data analysis               
CHAPTER FOUR
4.0  Presentation and analysis of data    
4.1  Presentation, analysis of result and test of hypothesis
CHAPTER FIVE
5.0  Summary of findings, conclusion and recommendations     
5.1  Findings              
5.2  Conclusion  
5.3  Recommendation         
References/Bibliography      
Appendix A        
Appendix B        
CHAPTER ONE
INTRODUCTION
1.1  BACKGROUND OF STUDY
       For the past ages, man as a rational and divine animal has been struggling with the procurement of reasonable standard of living and the ways of managing his expected maximum utility (profit).  The eventful development of a well organized society gave birth to the order of the day; organisations have the right to interfere with the management process to protect the interest of an organisation.  Infact it was the Budget Control System of Tekunbo M. B (2006) that have contributed to the trends which led to proper budgetary control sytem as a tool proper decision making.
       Many budgets have been pronounced and many of them are policies.  All these budgets and policies are made to Nigerians standard of living which is presently nothing to talk about.  The primary management crisis facing the organisations are thing that are auxiliaries to the good problems facing Nigeria: is that the policy and implementation of these budgetary control system have always fallen short of a set standard.
       According to Olabode M. A (2005) Budgeting could be described as the annual statement of income and expenditure of an organisation.  It is also serve as a tool for accountability and control organisations finance, tools for management and proper decision making.
1.2  STATEMENT OF PROBLEM
       There are so many problems which affect budgetary control system, pefromance management and decision making in organisations.
       Inspite, other related problems of this study are those caused by improper execution of budgetary plans and poor management decision.  This is based that all plans are always initiated by the problem of poor budgetary control.
       A part from, incompletion and abandon cut in the business sector, the frustration in trying to identify suitable projects and carry them out successfully to a final stage of completion are seen as a major stumbling block to managerial decision making in Nigeria breweries.
1.3  OBJECTIVES OF THE STUDY
       The overall objectives of this study are:
         To examine some of the budget control policy made in organisations with reference to Nigeria breweries and find out how budgetary control system is linked with pefromance management and decision making in Nigeria breweries.
        To examine low management effeciency, which has eaten the heart of organisations in Nigeria Breweries?
        To ascertain the proper management policy and system that can organize and improve Nigeria Breweries.
 1.4  RESEARCH QUESTIONS
       The study is set out to find answers to the following questions.
       To what extent has budgeting control help Nigeria breweries in making resourceful decisions.
      To what extent has budgeting helped Nigeria breweries  in achieving its objectives?
      In what ways does Nigeria breweries adopt proper budget control in measurement and control of performance of units?
1.5  RESEARCH HYPOTHESIS
1. Ho: Budgetary control does not help Nigeria breweries in maximizing  management peformance.
   Hi:  Budgetary control does helps Nigeria breweries in maximizing  management peformance.
2.  Ho: Nigeria breweries do not consider budget control necessary in discharging  their operations.
   H1: Nigeria breweries considers budget control necessary discharging in their operations.
3.  Ho: Budgetary control if well and effectively implemented cannot help in proper decision making.
   Hi:  Budgetary control if well and effectively implemented  helps in proper decision making.
1.6  SCOPE OF THE STUDY
       The study covers areas relating to budgetary control system and its link with pefromance management and decision making. Nigeria breweries was used as a case study
1.7  SIGNIFICANCE OF THE STUDY
       The significance of this study can be waved into two major aspects, practical and Academics,
Practical significance
       Particularly, this research will be of benefit in broading the understanding of the following people:
       Organisations:  It will certainly determine whether budgetary control system if well and effectively implemented could help in peformance management and decsion making.
      Students:  This research will enable students who intends to study the course in future to make use of this work both in their academics and research programs (Reference Purposes).
      Accountants: This research will also help to solve some of the problems encountered by the accountants since this work will be kept in the library for reference purposes.
1.9  DEFINITIONS OF TERMS
       Below are the definitions of some key words used in this research work as they relate to this work.
Budget:  The word budget is defined as a collection of documents which is the tangible representation of organisational unit plans.  It may mean the present meaning of annual estimates of revenue and expenditure and statement of financial policy.

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Project Details

Department Accounting
Project ID ACC0086
Price ₦3,000 ($9)
Chapters 5 Chapters
No of Pages 48 Pages
Methodology nil
Reference YES
Format Microsoft Word

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    Project Details

    Department Accounting
    Project ID ACC0086
    Price ₦3,000 ($9)
    Chapters 5 Chapters
    No of Pages 48 Pages
    Methodology nil
    Reference YES
    Format Microsoft Word

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