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: - - - - - - - - - i
Approval
page: - - - - - - - - ii
Dedication: - - - - - - - - iii
Acknowledgement: - - - - - - - iv
Abstract: - - - - - - - - - v
Table
of contents: - - - - - - - vi
CHAPTER ONE: INTRODUCTION
1.1 Background of the Study: - - - - - 1
1.2 Statement of the Problem: - - - - - 2
1.3 Objectives of the Study: - - - - - 4
1.4 Significance of the Study: - - - - - 5
1.5 Formulation of Hypothesis: - - - - 7
1.6 Scope of the Study: - - - - - - 8
1.7 Limitations of the Study: - - - - - 8
1.8 Definition of Terms: - - - - - - 10
CHAPTER TWO:
2.1 Literature Review: - - - - - - 11
2.2 The Concept of Budgeting and Budgetary
Control: 12
2.3 Main Types of Budget: - - - - - 17
2.3.1 Other Types of Budget: - - - - - 18
2.4 The Budget Period: - - - - - - 30
2.4.1 The Budget Committee: - - - - - 31
2.4.2 The Budget Manual: - - - - - - 32
2.5 Stages in the Budgeting Process: - - - 32
2.6 Zero Base Budgeting (ZBB): - - - - 38
2.6.1 Administration of Budget: - - - - - 41
2.6.2 Human Factors in Budgeting: - - - - 42
2.6.3
The Principal Budget Factors/Forecasting: - 44
2.6.4
Budget Education: - - - - - - 45
2.6.5 Budgeting
in the purchasing Department of
Small and Large Companies: - - - - 46
2.6.6 Relationship Between Budgetary
Control and
Standard Costing: - - - - - - 48
2.6.7 Participative Budget and Imposed Budget: - 49
2.6.8 Principal Budget/Forecasting: - - - - 51
CHAPTER TREE: RESEARCH
DESIGN AND METHODOLOGY
3.1 Research Design: - - - - - - 54
3.2 Source of Data: - - - - - - - 56
3.3 Population Size: - - - - - - 57
3.4 Sample Size and Sample Techniques: - - 58
3.5 Research Instrument: - - - - - 61
3.6 Methods of Data Analysis: - - - - - 61
CHAPTER FOUR:
PRESENTATION AND ANALYSIS OF DATA
4.1 Data Analysis (Questionnaires): - - - 63
4.2 Test of Hypothesis: - - - - - - 68
CHAPTER FIVE: SUMMARY,
CONCLUSION AND RECOMMENDATION
5.1 Summary of Findings: - - - - - 77
5.2 Conclusion: - - - - - - - 77
5.3 Recommendation: - - - - - - 78
Bibliography: - - - - - - - 80
Appendix: - - - - - - - - 81
Questionnaire: - - - - - - - 83