ABSTRACT
This research work conducted with special reference to the budgetary system of Emenite Nigeria Limited with the view to ascertain the major role budgets play in the achievement of profitability for an organization. Budget as a profit planning device sets standards of performance of manager, while budgetary control is a tool implored by management to keep track of actual performance to ensure budgeted standards are achieved. In the course of this research work 40 managers were taken as sample population. Data is obtained through personal interview and the administration of questionnaires secondary data source is also implored. Data collected in subject to chi-square test in order to prove or disprove hypothesis therein. The analysis of the finding indicates that Emenite Nigeria Limited has a formal system of budgeting and does attach incentives for the attainment of budgetary goals.
TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of contents
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Significance of the Study
1.5 Formulation of Hypothesis
1.6 Scope of the Study
1.7 Limitations of the Study
1.8 Definition of Terms
CHAPTER TWO:
2.1 Literature Review
2.2 The Concept of Budgeting and Budgetary Control
2.3 Main Types of Budget
2.3.1 Other Types of Budget
2.4 The Budget Period
2.4.1 The Budget Committee
2.4.2 The Budget Manual
2.5 Stages in the Budgeting Process
2.6 Zero Base Budgeting (ZBB)
2.6.1 Administration of Budget
2.6.2 Human Factors in Budgeting
2.6.3 The Principal Budget Factors/Forecasting
2.6.4 Budget Education
2.6.5 Budgeting in the purchasing Department of
Small and Large Companies
2.6.6 Relationship Between Budgetary Control and
Standard Costing
2.6.7 Participative Budget and Imposed Budget
2.6.8 Principal Budget/Forecasting
CHAPTER TREE: RESEARCH DESIGN AND METHODOLOGY
3.1 Research Design
3.2 Source of Data
3.3 Population Size
3.4 Sample Size and Sample Techniques
3.5 Research Instrument
3.6 Methods of Data Analysis
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA
4.1 Data Analysis (Questionnaires)
4.2 Test of Hypothesis
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendation
Bibliography
Appendix
Questionnaire
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
A budget is a financial and a quantitative statement prepared prior to a defined period of time of the policy to be pursued for the purpose of attaining a given objective.
Also according to A.U. Nweze (2004) in his profit planning.
Budget is a plan quantified in monetary terms, prepared and approved prior to a defined period of time, usually showing planned income to be generated and or expenditure to be incurred during that period and the capital to be employed to attain a given objective.
Furthermore a budget is an attempt made at the beginning of each financial year to plan the profit and loss account for the year and to aim for a definite balance sheet. This profit planning must be a well thought- out operational plan with its financial implication expressed....================================================================
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