BUDGETING AS A TOOL FOR PLANNING AND CONTROL IN A MANUFACTURING INDUSTRY
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BUDGETING AS A TOOL FOR PLANNING AND CONTROL IN A MANUFACTURING INDUSTRY
PROJECT TOPICS AND MATERIALS ON BUDGETING AS A TOOL FOR PLANNING AND CONTROL IN A MANUFACTURING INDUSTRY
ABSTRACT
This research work was focused on
investigation on the use of budgeting as a tool for planning and control in a
manufacturing industry .
The objective
of the study is to 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 objective. The research also aims at identifying the procedures
adopted in the formulation of annual budgets in a manufacturing industry.
Based on this, the following hypothesis was
formulated for the study. The hypothesis include:
1.
Managers use budgeting as a
tool for planning and control in attaining the goals of the business.
2.
Decision-making is performed
in a manufacturing industry using budgeting.
3.
Utilization of resource is
achieved with the use of budgeting and budgetary control
Following the
investigation and analyzation of the data, the following finding were made:
1.
The organization uses
budgeting in achieving their goals and objectives.
2.
The main objective of the
organization is maximization of profit.
3.
Efficiency and effectiveness
of the organizations operation is enhanced through the use of budgeting etc.
From the
finding, the conclusion were arrived that budgeting is a very essential and
indispensable tool for planning and control. It helps management to be well structure in sustaining the growth and
expansion of the organization
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The objective of the study is to 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 objective. The research also aims at identifying the procedures adopted in the formulation of annual budgets in a manufacturing industry... accounting project topics
BUDGETING AS A TOOL FOR PLANNING AND CONTROL IN A MANUFACTURING INDUSTRY