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EFFECTS OF BUDGETING AND BUDGETARY
CONTROL-IN-EXTRACTING-INDUSTRY
Abstract
The main aim
of this write up is to throw more light on the review of budgeting control in a
extracting industry. This research purely base on budget as an instrument of
control in an organization and also as a means of highlighting the role of
budget in any establishment and society at large. Data were collected for this
research work were from both secondary and primary source. With the population
of 180,questionnaire were administered and interview conducted for a sample
size of 180 persons made up of staffs of the corporation .in any attempt to
make the research meaningful and comprehensive the researcher has to divide the
entire work into five chapters.which comprises of the deal with the
introduction where the researcher give a brief discussion of the concept
statement of problem, limitation and scope of the study.and also comprises of
the literature review which deals with definitions of term classification,
important of the subject matter “budget” with the following chapter deals on
research methodology which explains the research design and also forms the
basis for data collection.also states the analysis and interpretation of data
and also shows that the hypothesis was tested, the concluding chapter throws
more light on the work by summarizing the work and given the recommendation.
TABLE OF
CONTENTS
Title page i
Approval
Page ii
Dedication
iii
Acknowledgement
iv
Abstract v
Table of
content vi
CHAPTER ONE
1.1
Background Of Study 1
1.2
Statement of Problem 2
1.3
Objective of Study 4
1.4 Research
Question 4
1.5
Hypotheses of the Study 5
1.6
Significant of the Study 5
1.7 Scope of
the Study 6
1.8 Limitation
of the Study 7
CHAPTER TWO
REVIEW OF
RELATED LITERATURE
2.1
Introduction 8
2.2
Definition of Budget and Budgetary Control 9
2.3 Budget
Control 10
2.4
Essentials of Budgetary Control 11
2.5
Objectives and Purpose of Budgetary Control 11
2.6 Types of
Budget 13
2.7
Budgetary Control 17
2.8
Limitation of Budgetary Control 17
2.9 Effect
of Planning and Control 19
CHAPTER
THREE
RESEARCH
METHODOLOGY
3.1
Introduction 21
3.2 Research
Design 21
3.3
Population and Sample Size 22
3.4 Sampling
and Method of Data Collection 22
3.5
Techniques of Data Analysis 24
3.6
Justification for the Choice 24
CHAPTER FOUR
DATA
PRESENTATION AND ANALYSIS
4.1 An
Overview 26
4.2 Analysis
of Research Questions 26
4.3 Test of
Hypotheses 36
CHAPTER FIVE
SUMMARY OF
FINDINGS,CONCLUSIONS AND RECOMMENDATIONS
5.1 Summary
of Findings 40
5.2
Conclusion 41
5.3
Recommendations 41
References
42
Appendix
CHAPTER ONE
1.1
Background to the Study
Today the
important of budget and budgetary control can never be over emphasized. Thus
for survival of any oil cooperation, management need to embark on budget to
effect proper planning and control. In this view, budgeting can be seen as a
process of planning and control. Proper budgeting can never affect efficient
plans of an organization without control. Control as it were is an important
tool which must be priced to keep in check with the plans of the firms and for
correction of any deviation from the stipulated plan of the organization in
question. Hence a budgetary control comprises of both plan of operation with
the scope of the plan. In pursuit to this, data were collected from journals
and related works. In consequent writings it reviews the response of people and
it was made known through questionnaires that the factors that affect the
company’s profitability.
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