TABLE OF CONTENTS
TABLE OF CONTENT
STATEMENT OF PROBLEM
POURPOSE OF THE STUDY
SIGNIFICANCE OF STUDY
LIMITAITON OF STUDY
SCOPE OF STUDY
CHAPTER TWO LITERATURE REVIEW
THE ORIGIN OF BUDGET
DEFINITION OF BUDGET
AIMS OF BUDGET
COMPOSITION OF THE BUDGET
THE FIRST PHASE
THE SECOND PHASE
THE THIRD PHASE
THE FOURTH PHASE
ADVANTAGES OF BUDGET
PROBLEMS OF BUDGET
KEY INSTITUTION INVOTLED IN BUGET PREPARATION
SUMMARY OF FINDINGS
For an economy to achieve it’s goal, it is
pre-determined at it’s effective
performance at the least possible cost. One mechanism to embark it’s budget is the
The growth of any organization is determine
by planning. Planning helps in deciding ahead of the future on what to do, how
to do it, when to do it and who to do it.
The success of any organization lies on
planning. Therefore planning means the
setting of organizational goals and the means of achieving it. An economy without a plan has fail to plan.
Budgeting system guides the planning process.
Definition of Budget:
The Oxford Dictionary of accounting defines
budget as “a financial or quantitative statement prepared prior to a specified
period, contained plans and policies to be pursued during the period.
The states budget is prepared by its
management and the process involve a higher degree of complexity than budgets
prepared by business organization.
STATEMENT OF PROBLEM
The problem of Nigeria budget is the
delayance, it has been a
problem to those in charge of the formulation
of the budget and the people involve in the implementation.
The delay in the presentation of budget in
any organization affects the economy thereby making it impossible to attain to
its goal; thus guiding on economy to remain stagnant.
An economy without a budget can not operates;
if it can, then how?
PURPOSE OF STUTY
The aim of this research is to put implace
and view the
management functions of budgeting. In order to underline the view that success
in any economy alies not or occurs by chance, but enhancing a creative instants
the ability to take advantage of opportunities through deliberate planning.
This research seeks to create awareness about
negative impact of an economy without a budget and to make recommendation. It with also oblige government into making an
early study of it’s problems, signifying and instilling into the government the
habit of careful study before reading the budget.
SIGNIFANCE OF STUDY
It is not only preparing of budgets that
implementing it that is of paramount
The government have to address the issue on
how to eliminate delayance in implementing budget. Thus affecting the growth of
LIMITATION OF STUDY
As a result of insufficient time and