FINANCIAL PLANNING AND CONTROL IN MEDIA OUTFIT. A RESEARCH PROJECT MATERIAL ON ACCOUNTING. A RESEARCH PROJECT MATERIAL ON ACCOUNTING
Financial planning and control is important in an organization in the sense that it ensures proper planning and implementation of cash flow in the organization. Financial planning and control also discover fraud and irregularities of financials.In recent time, financial planning and control have been overviewed and emphasized by most organization. Consequently, fraud, loss, theft of cash and material are of increase with case of financial planning and control weakness in the system. This discussion emphasis will be placed on the type of control measure and financial planning and techniques in Vanguard Newspaper and how it has been used by the management to get accurate data.The primary and secondary source of data will be discussed in the historical background and the preliminary steps in financial planning and control in vanguard newspaper industry and responsibility of the financial department.Finally, offer the changes of the study, conclusion and recommendation will be made on the study.
The attainment of corporate objectives is a function of the prudent use of committed economic resources. Towards this, many industries adopt various strategies being which financial planning and control in this regards empirical evidences have revealed that the newspaper industry is no exception.
This paper therefore aims of presenting a theoretical and empirical study to explain the degree of financial planning and control that exist in the newspaper industry in Nigeria. Certain indispensable tools used in presenting relevant facts fellows.The budgetary control system, functional budget planning, control project planning, control cash capital budget and balance sheet analysis have been given due primness.
A historical resume of the newspaper industry precedes the practice. The Daily Times of Nigeria Limited and the Vanguard Nigeria Limited have been chosen for the empirical studies.
The major factors that influence choices are the operational data available and ownership of each. Both companies made available relevant data when requested for the equity share of Daily Times Nigeria Limited is 60% owned by the federal government of Nigeria and 40% owned by members of the public while the equity share capital of Vanguard Nigeria Limited is 100% privately owned.