BUDGETARY CONTROL A PANACEA FOR EFFECTIVE MANAGEMENT DECISION MAKING A CASE STUDY OF ETERNITY LTD SAPELE

ABSTRACT
This research sought to determine the extent to which budgetary control serves as a panacea for effective management decision making. It was designed to probe into the activities of eternity ltd, Sapele. The primary data collection was through questionnaire by the researcher. The data were analyzed with the aid of simple percentages. It was found that a good budgetary control system is an indispensable tool which is a panacea for management decision making and this can be achieved through the input of department or units head. Also discovered were the facts that imprecise specification of budgetary object does not facilitates quantitative evaluation of budgetary performance adequate revenue estimates complicate the problems and budget implementation improper implementation monitoring and control would affect the objectives of the budget thereby affecting management in their decision making. Also seen was the remark that input were not collected from department or unit heads the budget may not need to the desired result. The researcher in view of the findings made recommendation of impact of budget so as to formulate budget estimates according management ought to be realistic in its revenue estimates.

TABLE OF CONTENTS
Title i
Approval ii
Certification iii
Dedication iv
Acknowledgement v
Abstract vi
Table of content viii
CHAPTER ONE: Introduction
Background of the study 1
Statement of the problem 2
Purpose of the study 3
Research questions 4
Significance of the study 4
Scope/Delimitation of the study 5
Limitation of the Study 5
Brief History of Eternit Limited, Sapele 5
Operational definition of terms 7
CHAPTER TWO: Literature Review
Introduction 10
Meaning of Budgetary Control 10
An Overview of Budgetary Control 11
Problems Relating to Budgetary Formulation 13
Budgeting as an Instrument of Socio Management 16
Decision Making Process 17
Types of Budget 23
CHAPTER THREE: Research Methodology
Research Design 25
Population of the study 25
Sample size 25
Sampling Techniques 25
Research Instrument 26
Validation of the Instrument 26
Reliability of the Instrument 26
Method of data collection 27
Method of data analysis 27
CHAPTER FOUR: Data Presentation and Analysis
4.1 Data Presentation and Analysis 28
4.2 Data Analysis 28
4.3 Discussion of Findings 37
CHAPTER FIVE: Summary, Conclusion and Recommendations
5.1 Summary of findings 39
5.2 Findings 39
5.3 Conclusion 40
5.4 Recommendation 41
5.5 Suggestions for Further Studies 41
Bibliography 42
Appendix 43
Questionnaire 44