BUDGETING AS A TOOL FOR PLANNING AND CONTROL IN MANUFACTURING INDUSTRY (A CASE STUDY OF NIGERIA BREWERIES PLC ENUGU)
ATTENTION:
BEFORE YOU READ THE CHAPTER ONE/ABSTRACT OF THE PROJECT TOPIC
BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL
PROJECT COSTS N5,000 ONLY.
THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT
IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
BUDGETING AS A TOOL FOR PLANNING AND
CONTROL IN MANUFACTURING INDUSTRY (A CASE STUDY OF NIGERIA BREWERIES PLC ENUGU)
ABSTRACT
This
research work has focused on investigation on the use of budgeting as a tool
for planning and control in topical manufacturing industry like Nigeria
breweries Plc, Enugu. The objective of the study is the 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 objectives 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 is include:
1. Managers use budget as a tool for planning
and controlling the good of the business or organization
2. Decision making is performed in a
manufacturing industry using budget.
3. Utilization of resources is achieved with the
use of budget and budgetary control.
Following
the investigation and analyzasion of the data the following findings were made:
1. The organization uses budgeting in achieving
their goals and objectives which can be with out
2. The main objective of the organization is
maximization of profit which will be done through budget.
3. Efficiency and effectiveness of the
organizations operation as enhanced through the use of budgeting e.t.c.
From the
findings the conduction were arrived that budgeting is a very essential and
indispensable tool for planning and control it helps management to be well
structured 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
List of
table x
CHAPTER ONE:
INTRODUCTION
1.1 Background of the study 1
1.2 Statement of the problem 5
1.3 Objective of the study 6
1.4 Hypothesis
7
1.5 Research question
8
1.6 Significance of the study 8
1.7 Scope of the study
9
1.8 Definition
10
CHAPTER TWO:
REVIEW OF RELATED LITERATURE
2.1
Definition of budget
12
2.2 Features
and functions of budget 14
2.3
Preparation of budget
19
2.4 Types
and methods of budget 23
2.5 Planning
function in an organization 33
2.6
controlling functions in an organization 37
2.7
Budgetary control and analysis of variance 40
CHAPTER
THREE: RESEARCH METHODOLOGY
3.1 Research design
43
3.2 Area of the study
43
3.3 Population of the study 44
3.4 Sampling method
44
3.5 Research instrument
46
3.6 Validity and reliability of research
instrument 47
3.7 Sources of data
48
3.8 Method of investigation 50
CHAPTER
FOUR: PRESENTATION, ANALYSIS AND INTERPRESENTATION OF DATA
4.1
presentation and analysis of data 52
4.2 Testing
of hypothesis
65
CHAPTER
FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.1 Summary
of findings
73
5.2
Conclusion
77
5.3
Recommendation
78
References
Appendix
Questionnaires
LIST OF
TABLE
Table
4.1.1: Employment of planning and
control 53
Table 4.1.2: If the company uses budget 53
Table
4.1.3: Whether planning and control
helps
efficiency
54
Table
4.1.4: Ways budgeting has helped the
organization55
Table
4.1.5: The effect of decision making
in the
organization 56
Table
4.1.6: If the company has encountered
any problem in
organizational decision 56
Table
4.1.7: The problems encountered by the
company 57
Table
4.1.8: Comparison between budget and
Performance 58
Table 4
.1.10:Budget deviation 59
Table
4.1.11: Solutions to the problems 59
Table
4.1.12: Agreement with the
performance 60
Table
4.1.13: If the departments are allowed
to exercise
control
61
Table
4.1.14: If utilization of resource
achieved with budgeting
control
62
Table 4.1.15: The effect of economic recession 63
Table
4.1.16: The area of effect 64
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND OF THE STUDY
Business
organizations need planning to achieve their aims and objective.
It thorough
planning in an organization cannot be done without involving the act of
budgeting. The management has the purpose of providing feed-forwarding process.
The concepts
of feed-forward process into provide each manager with guidelines for making
operation decision on a day-to-day basic.
Budgeting
deals with plants and monitoring activities to ascertain whether they confirm
to the plan.
This is the
control and coordination aspect of budgeting.
Manufacturing industries can only
achieve profit maximization by proper planned use of available resource.
This is sustained when different
activities are efficiently coordinated and decisions taken in the organization
are result oriented.
Business organization requires the use
of some techniques in the formula and adoption of planned and defined system
and tools with a view to achieve set goals. Such tools and system include
budgeting variance analysis and budgetary control. The process of setting goals
to be achieved in the future time and determining this planning into financial
target can be described as Budgeting.
Reg, H. Garrison, in his opinion,
defined budget, thus, a budget is a detailed plan showing how resources will be
required and used over some specific time interval. It repented a plan for the
future expressed in a formal qualitative terms. The out of preparing a
budgeting control,
This project is organized in five chapters,
which aimed at finding out the budget process used achieving the goals of a
typical. Manufacturing, industry with profit maximized as its main objectives
with centre focuses in Nigerian Breweries Plc, Enugu
Chapter one is an introduction to the
study concerning such issues as:
1. Statement of problem
2. Purpose of the study
3. Statement of hypothesis
4. Research question
5. Scope and limitation of the study
6. Definition of terms
Chapter two
present the literature review which such issues as:
1. Definition of budget
2. Feature and function of budget
3. Preparation of budget
4. Types and methods of budget
5. Planning function in an organization
6. Problems associated with budget
7. Controlled function in an origination
8. Budget control and analysis of variance.
Chapter
three presents the research design methodology
The source
of data collected for analysis and treatment of some of the problem encounter
during data collected were examined and analysis in details to enable us draw
conclusion there by making recommendation.
1.2 STATEMENT OF PROBLEM
This
management has his primary duty of achieving the objective of profit
maximization of the company through budgeting due to the state of our economy
and government policies this goal is much hindered during the period of
economic depression which features low capacity utilization, high interest rate
shortage of foreign exchange to buy the needed raw materials.
Management
is filed with the problems of how to make use of available scarce resources
your order to achieve the objective of profit maximization.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you
will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account
below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
AFFILIATE LINKS:
myeasyproject.com.ng
easyprojectmaterials.com
easyprojectmaterials.net.ng
easyprojectsmaterials.net.ng
easyprojectsmaterial.net.ng
easyprojectmaterial.net.ng
projectmaterials.com.ng
googleprojectsng.blogspot.com
myprojectsng.blogspot.com.ng
https://projectmaterialsng.blogspot.com.ng/
Comments
Post a Comment