ABSTRACT
An efficient budgeting control system is one that produces the desired result. A balanced budget is the one that produces no variances but to achieve this, we are left to contemplation rather than a reality. This has become the problem of most of our manufacturing concerns in Nigeria. This study investigate the budget control and execution in manufacturing concerns in Nigeria with a view of appraising their efficiency. Out of a population of one hundred and fifty six drawn from the manufacturing organization concern, seventy eight were selected as the sample size using statistical sample tools (YaroYamere). A questionnaire was designed and distributed to elicit information from the sample population also data was sourced through primary and secondary sources. These data collected were presented and analyzed by means of tables and percentages. It was observed that manufacturing organization do plan their profit so as to minimize losses. An inadequate budget procedure and executor causes a high accumulation of inventory thereby typing down the capital which could have yielded greater profit to the organization. Therefore, there is need for the proper control of budgets in manufacturing organization as to minimize losses and maximize profits.
TABLE OF CONTENTS
Title page – – – – – – – – – – – i
Approval page – – – – – – – – – – ii
Dedication – – – – – – – – – – iii
Acknowledgement – – – – – – – – – iv
Abstract – – – – – – – – – – – v
Table of contents – – – – – – – – – vii
CHAPTER ONE: Introduction
1.1 Background of the study – – – – – – – 1
1.2 Statement of the problem – – – – – – – 3
1.3 Objectives of the Study – – – – – – – 4
1.4 Research Question – – – – – – – – 4
1.5 Significance of the Study – – – – – – – 5
1.6 Scope of the study – – – – – – – – 5
1.7 Limitation of the Study – – – – – – – 6
1.8 Definition of Terms – — – – – – – 6
CHAPTER TWO: Literature Review
2.1 Definition of Budget Manual – – – – – – 8
2.2 Budget and Budget Planning – – – – – – 9
2.3 Reason for Budgeting – – – – – – – – 9
2.4 Fixed and Flexible Budget – – – – – – – 10
2.5 Master Budget – – – – – – – – – 11
2.6 Cash Budget – – – – – – – – – 13
2.7 How to Prepare a Budget – – – – – – – 15
2.8 Problems of Budgeting – – – – – – – 15
2.9 Effective Internal Control System – – – – – – 16
CHAPTER THREE: Research Methodology
3.1 Research Design – – – – – – – – 23
3.2 Population of the Study – – – – – – – 23
3.3 Sample Size – – – – – – – – – 24
3.4 Sampling Technique – – – – – – – – 27
3.5 Research Instrument – – – – – – – – 27
3.6 Validation of the Instrument – – – – – – – 28
3.7 Reliability of the Instrument – – – – – – – 28
3.8 Method of Data Collection – – – – – – – 29
3.9 Method of Data Analysis – – – – – – – 30
CHAPTER FOUR: Data Presentation and Analysis
4.1 Introduction – – – – – – – – – 31
4.2 Presentation and Analysis of Research question – – – 31
4.3 Structure questions – – – – – – – – 33
CHAPTER FIVE: Summary, Findings, Recommendation and Conclusion
5.1 Summary of the study – – – – – – – 42
5.2 Conclusion – – – – – – – – 42
5.3 Recommendation – – – – – – – – 43
Bibliography – – – – – – – – – 46
Appendix – – – – – – – – – – 47
Mint Juul Pods says
274531 385393Oh my goodness! an superb post dude. Many thanks However We are experiencing issue with ur rss . Dont know why Not able to sign up to it. Could there be anybody obtaining identical rss dilemma? Anyone who knows kindly respond. Thnkx 536041