BALANCING AND BUDGETING CONTROL IN A MANUFACTURING AND MARKETING ORGANIZATION (A CASE OF STUDY OF TOTAL NIGERIA LTD)

BALANCING AND BUDGETING CONTROL IN A MANUFACTURING AND MARKETING ORGANIZATION (A CASE OF STUDY OF TOTAL NIGERIA LTD)


1,108 marked this research material reliable.
Call or whatsapp: +2347063298784 or email: info@allprojectmaterials.com
BALANCING AND BUDGETING CONTROL IN A MANUFACTURING AND MARKETING ORGANIZATION (A CASE OF STUDY OF TOTAL NIGERIA LTD)

PROJECT TOPICS AND MATERIALS ON BALANCING AND BUDGETING CONTROL IN A MANUFACTURING AND MARKETING ORGANIZATION (A CASE OF STUDY OF TOTAL NIGERIA LTD)


Table Of Content
Title Page
Dedication
Acknowledgement
Abstract
Table Of Content

Chapter One:
1.1 Introduction 
1.2 Statement Of The Problem 
1.3 Bjective Of Study
1.4 Significance Of Study
1.5 Scope Of The Study
1.6 Imitations Of This Study
1.7 Efinition Of Terms

Chapter Two:
2.1 Reviews Related To Literature

2.2 The Concept Of Budgeting Ands Budgeting Control 
2.3 Types Of Budget 
2.4 Budget Preparation 
2.5 Administration Of Budget 
2.6 Human Factor In Budgeting 
2.7innovation In Budgeting 
2.8 Historical Background Of Total Nigeria Ltd

Chapter Three 
3.0 Researcg Methodology 

3.1 Introduction 
3.2 Research Design 
3.3 Primary Source Of Data
3.4 Population 
3.5 Sample Techniques 
3.6 Sample Size
3.7 Remarks

Chapter Four 
4.0 Data Analysis And Interpretation

4.1 Presentation Of Related Data
4.2 Method Of Data Analysis 
4.3 Analysis Of Related Data 
4.4 Testing Of The Hypothesis

Chapter Five 
5.0 Summary, Findings, Conclusion And Recommendation

5.1 Sammry Of The Findings 
5.2 Conclusion 
5.3 Recommendation 
Bibliography
Appendix / Questionnaire 

 

CHAPTER ONE


INTRODUCTION
HISTORY OVERVIEW

The use of budget in government long preceded its application in business or the business sector. In the stable economic environment of the period before world war, few large companies in U.S.A and U.K used budgets. The result of the use of budget conflicted, some pioneer companies reported it was a significant tool to management but reported it has an ill or even a negative effect on efficiency and productivity. In order to avoid the conflicting result of the large segment still straddled the fence awaiting further information and a more definite result. The world depression of the 1929 and its attendant business worries and trouble made the use of budgeting imperative in order to plane the growth of the enterprise. The population of budgeting was the direct outcome of two inquiries conducted to assess the benefit or otherwise as budget as applied of for the industry. The national industrial conference board sat in U.S.A while the international management institute worked in Geneva. Both were inaugurated in 1930.

The concept of business budgeting is even more resent in Nigeria. It was introduced by the first foreign multinational that operated in Nigeria and gradually a small firm adopted it.
The ultimate goal of any business organization is to maximize profit, which can result fo4rm the management conscious effort to increase sale/render efficient service and reduce cost. In the attainment of this subsidiary goal, management must have a careful prepared and articulated business and organizational plane, a rational plane commitment of the scarce resources and a thorough scanning of the environment in which it exist. In the other word, the enterprise was plane and controls its operation for the attainment of the organizational goal.
In a total business environment, business operation is complex and subject to heavy competitive pressure. In such an environment, many kinds of charge occur like frustration in the economy, which call for adjustment in the enterprise. In addition, the ingestible find are scarcer and the cost of such fund is estimably prohibitive. All this complexity put a wedge between business form and attainment of its set objective. But the firm must take a positive action in regarded to the difficulties in order not to go under. The firm must plane ahead. Planning ahead entailed articulation of cooperate mission, determine where a firm is at the moment, deciding on where it want to go and how fast, how to get there and what to do along the way to reduce uncertainty and to mange the risk and changes. Planning ahead entails internal scanning to determine the enterprise strength and weakness which can provide the management with a better understanding of the firm operation n relation to the general environment which increase understanding and leading to a faster reaction of the unfolding events.
Environmental scanning is also carried out which form the basis for the environmental assumption. The business objective must by clearly set out and disseminated t all level of business organization and management, personnel effectively sensitized towards their achievement also essential is the internal co-ordination of the personnel and function. But most importantly, the enterprise must forecast its need for fund over a giving period of time, secure them on very competitive terms and utilize the fund in the most rational ways.
Indeed the survival of modern business involve wise management even more than that, it needs scientific technique and such technique of the budgeting and budgeting control, variance accounting and other high Techniquecal forecasting device have all come to the aid of management to increase the performance of the firm.

Budget according to management of institute of chattered accounting (CIMA) is simply a plane management of money and which is prepared and improve prior to the budget and may show under the expenditure and capital employed. On ht other hand, institute of certified management of accountant define it as a financial statement prepared and approve prior to the define period of time of the policy to be pursued during that period for the purpose of archiving a set objective. It serves as a quantitative expression of a planed action and can aid in coordination and implementation. It could be formulated of the organization as a whole or for a small sub – unit.
Once a budget has been prepared and is approved, its usefulness depends upon the wiliness of the company executive to follow up to determine if the cost are been controlled and if the desired income is been earned in accordance with he plane of the operation.
Controlling operating involves management in a number of processes and requires several different kinds of information. It involves converting to management planes into an operating pattern w8ich match the planes into which a company is divided. This change the overall detailed lane into an operating plane, which rates to the management structure of the company, and this thus leads to budgeting

Budgets are drowned up for control purpose. It ia an attempt to control the direction and plane the company is taking. This brings up the issue of budgeting control. Budgeting control is the means of deterring the extent to, which the planed goal and objective are attain. It involves assigning responsibilities for the achievement of the budget, measuring the actual performance and compare them with the estimate. Control ensures that the action is taking where necessary and possible to reduce the gap between budgeting and actual performance. That entails taking action in variance and close supervision of the workers in the organization.
Budgeting control can also be said to be the use of budget for assigning responsibility, planning and controlling performance and guiding the managerial and other activities of the firm toward the achievement of the organizational objective

STATEMENT OF THE PROBLEMS 
In the light of the confusion tumult of the modern business as identified and describe above, some firm have gone under while the others are just managing to exist. It is however interesting phenomena that yet other enterprise does not survive only but go ahead to make super profit. This detail point out to the fact that companies should solves their problem in different ways, which in turn account for success or failure of such firm. Total oil Nigeria plc, the focal point of this study started operation (20) twenty years ago. It was formally a subsidiary of the French multinational company with head quarters in Paris but now in Merger and is now known as the total fianelf. The business of the total oil is the marketing of petroleum and manufacturing and sale of lubricants. Its overriding business objective is maximization of profit. The oil and gas industry is a high-risk business where distribution has not control over price level which is inturn subjected to violent fluctuation.
Amid this vagaries, total oil has continue to make stable progress as judged by the parameter of profit over the years, what specific strategies are employed by total oil to guarantee profit

OBJECTIVE OF THE STUDY 
The main objective of the study is to examine the organizational structure, the management and financial tool of total oil to assertion;
1. Whether profitability is the direct result of proper budgeting and budgeting control
2. Dose the beget makes possible congruence and co-ordination of the department effort.
3. Is the company reward penalties based directly on variance

Hypothesis 
Hi: budgeting are effective guide to business growth
1. Ho: budgeting are means to control and synchrony organization personnel’s and function 
2. Ho: budget are more effective when reward/penalties are based on goal attainment 
3. Hi: budget is more effect when reward/penalties are not based on goal attainment.

SCOPE AND LIMITATION OF THE STUDY 
This study is a five years trend analysis (1993 – 1997) although it is aimed at determines the quality if budget and budgetary control in the company over the period. This study will not take a detailed look of the companies budget schedules. The financial statement only will be used. The natures of the research situating sometimes impose some limitation on the work of the researcher. This limitation are listed below

1. Owing to the use of convenience sample the generalization made in this study are restricted to the interviewees and those responding to the questionnaire. The researcher has no way of determining the amount of bias introduced by the respondent and note what amount of reliability will be place on the answer giving 
2. Time: the short time available has severally limited the depth and the quality of this study 
3. Non-response: not every person to whom questionnaire was distributed to respond to them. And it was not in all case that response was given to all the questions contained in the questionnaire. The effect of all this is to reduce the representation of the findings.

DEFINITION OF TERMS
1. Budget: this s quantitative expression of plane of action and an aid to co-ordination and implementation 
2. Budgetary control: it is the establishment of budgeting relating to the responsibility of the executives to the requirement of policy and continues the comparison either to secure by an individual action the objective of that policy or provide a basis for its revision.
3. Data: can be defining as a fact observed or information in isolation and relating to the subject of the research.
4. Financial statement: these are report on management responsibility over the resources of the organization as a whole.
5. Fixed cost: this are cost that dose vary in direct proportion to the production volume archived.
6. Financial tool: this are instrument used by the company
7. Hypothesis: are the ideas believes or assumption put forward by anyone for the purpose of helping and guiding him in arriving at a reasonable conclusion.
8. Model: is define a simplified presentation of a real phenomenon 
9. Population is the totality of cases (item) in a giving investigation 
10. Penny pending: find it difficult to spend money in order to cut down cost.
11. Profit: this is define as surpluses giving to the owners of the business as a result of a successful trading 
12. Pioneer company: it is a company which has been legally issued with a pioneer certificate 
13. Questionnaire: a list of question elating to the aim of the study and hypothesis to be verified to which the respondent is required to answer by writing his response. 
14. Relevant range: this is the range within which fixed cost is accepted or used 
15. Sample size: this is a process through which a proportion of a population is selected for the study 
16. Variance is a different between standard cost and.
17. Variance cost, these are overhead costs that vary in direct proportion to the overhead production values archived.

DOWNLOAD COMPLETE WORK FOR BALANCING AND BUDGETING CONTROL IN A MANUFACTURING AND MARKETING ORGANIZATION (A CASE OF STUDY OF TOTAL NIGERIA LTD)


Department: accounting project topics | Type: Project topics and materials | Format: Ms Word, PDF | Attribute: Documentation Only | Pages: 79 Pages | Chapters: 1-5 chapters | Price: ₦ 3,000.00

Additional Information

  • The Project Material is available for download.
  • The Research material is delivered within 15-30 Minutes.
  • The Material is complete from Preliminary Pages to References.
  • Well Researched and Approved for supervision.
  • Click the download button below to get the complete project material.

Frequently Asked Questions

In-order to give you the best service available online, we have compiled frequently asked questions (FAQ) from our clients so as to answer them and make your visit much more interesting.

We are proudly Nigerians, and we are well aware of fraudulent activities that has been ongoing in the internet. To make it well known to our customers, we are geniune and duely registered with the Corporate Affairs Commission of the republic of Nigeria. Remember, Fraudulent sites can NEVER post bank accounts or contact address which contains personal information. Free chapter One is always given on the site to prove to you that we have the material. If you are unable to view the free chapter 1 send an email to info@researchcub.info with the subject head "FREE CHAPTER 1' plus the topic. You will get a free chapter 1 within an hour. You can also check out what our happy clients have to say.


Students are always advised to use our materials as guide. However, if you have a different case study, you may need to consult one of our professional writers to help you with that. Depending on similarity of the organization/industry you may modify if you wish.


We have professional writers in various disciplines. If you have a fresh topic, just click Hire a Writer or click here to fill the form and one of our writers will contact you shortly.


Yes it is a complete research project. We ensure that our client receives complete project materials which includes chapters 1-5, full references, questionnaires/secondary data, etc.


Depending on how fast your request is acknowledged by us, you will get the complete project material withing 15-30 minutes. However, on a very good day you can still get it within 5 minutes!

What Clients Say

Our Researchers are happy, see what they are saying. Share your own experience with the world.
Be polite and honest, as we seek to expand our business and reach more people. Thank you.

A Research proposal for balancing and budgeting control in a manufacturing and marketing organization (a case of study of total nigeria ltd):
Reviews: A Review on balancing and budgeting control in a manufacturing and marketing organization (a case of study of total nigeria ltd), balancing, budgeting, control project topics, researchcub.info, project topic, list of project topics, research project topics, journals, books, Academic writer.
The use of budget in government long preceded its application in business or the business sector. In the stable economic environment of the period before world war, few large companies in U.S.A and U.K used budgets. The result of the use of budget conflicted, some pioneer companies reported it was a significant tool to management but reported it has an ill or even a negative effect on efficiency and productivity. In order to avoid the conflicting result of the large segment still straddled the fence awaiting further information and a more definite result. The world depression of the 1929 and its attendant business worries and trouble made the use of budgeting imperative in order to plane the growth of the enterprise. The population of budgeting was the direct outcome of two inquiries conducted to assess the benefit or otherwise as budget as applied of for the industry. The national industrial conference board sat in U.S.A while the international management institute worked in Geneva. Both were inaugurated in 1930... accounting project topics

BALANCING AND BUDGETING CONTROL IN A MANUFACTURING AND MARKETING ORGANIZATION (A CASE OF STUDY OF TOTAL NIGERIA LTD)

Project Information

Share Links

Download Post (MsWord)
Download Post (PDF)

Search for Project Topics

Project topics in Departments

Do you need a writer for your academic work?