Translate this page

the effect of budget and budgetary control in the local governmen...

THE EFFECT OF BUDGET AND BUDGETARY CONTROL IN THE LOCAL GOVERNMENT SYSTEM



This research project material is available: THE EFFECT OF BUDGET AND BUDGETARY CONTROL IN THE LOCAL GOVERNMENT SYSTEM



Download Complete Research Project Material on THE EFFECT OF BUDGET AND BUDGETARY CONTROL IN THE LOCAL GOVERNMENT SYSTEM



Project Category:
Type: Project Topics | Project Topics and Materials | List of Project Topics | Research Project Materials | Journals | Thesis | Articles | Online Project Materials | Business Plan | Final year project topic| Format: Ms Word| Attribute: Documentation Only| Pages: 75 Pages| Chapters: Complete Research work from Chapter 1 to 5; All chapters | Price: ₦ 5,000.00



Call or whatsapp: +2347063298784 or email: allprojectmaterials.com

Download Post (MsWord)


Download Post (PDF)


Download complete Chapters



THE EFFECT OF BUDGET AND BUDGETARY CONTROL IN THE LOCAL GOVERNMENT SYSTEM



CHAPTER ONE

INTRODUCTION

  • Background of the Study

Budget and budgetary control has played a very significant role in and organization whether government or private yet, its importance cannot be over-emphasized. In simple terms, budget is a critical evaluation and financial planning of organization’s income and expenditure. Andrew (2012) observe that budget is the overall financial estimate and analysis of an organization financial Obligations. It is important to note that even  individuals also have a financial budget of his income and the resources at its disposal. With this understanding, budgetary control therefore means the act of regulating the process o financial planning in an organization.

Akwaowo (2015) noted that one of the most important and widely used approach to the planning and control function in an organization is budgeting involves the He further added that budgeting involves the establishment of predetermined goals, the reporting of actual performance result and evaluation of performance in terms of predetermined goals.

Budgetary control system is universal and have been considered an essential tool for financial planning. The purpose of budgetary control is to provide a forecast of revenues and expenditures. This is however achieved through constructing a model of how our business might perform, financially speaking of certain strategies, events and plans are carried out, (Akwaowo 2015). Budgetary control enable the management team to make plans for the future through implementing those plans and monitoring activities to see whether they conform to the plans. Dunk (2009) in his contribution assert that with a budget control, an organization can prepare a good budget as a basis for performance, management and standard on a regular basis in order to compare actual performance with the budget to analyze  differences in the result and take corrective measures, which mainly involves the process  of budget of implementation, evaluation and control.

Budgeting is the mechanism involved in developing a budget, while budget can be defined by the institute of cost and management accountant “1982” ( ICMA) as a financial and quantitative statement prepared and approval prior to a defined period of time, of the purpose of attaining a given objective. It may include income, expenditure and employment of capital.

Conclusively, since budget and effective budgetary system is seen as a compass that can ensure the attainment of an organization financial plans, aims and overall objective therefore this research work is set to critically examine the effect of budget and budgetary control in local government system.

 

  • Statement of the Problem

Even as budget and budgetary control plays a very significant role in attaining an organization goal yet, most organization has so much underestimated the effectiveness of budget and budget control. Akwaowo (2015) pointed that it is one thing to prepare a budget and another to effectively implement the budget.

Although some organization may be involve in preparing budget. Yet, plans towards the implantation of the budget are not in place why. Because of poor budgetary control system.

This however result in extravagant spending of the organization’s income or fraud as the organization gradually run down. Hence there is need for budgetary control and auditing. Therefore this study become necessary to examine the significant on the effect of budget and budgetary control system on Local Government System.

 

  • Objective of the Study

The study was set to achieve the following objectives.

  1. To find out the effect of budget and budgetary control in local government system.
  2. To identify the variable tools for sound budgetary control in local government system.
  3. To find out the challenges facing budget implementation in local government system.
  4. To identify the solutions to the problems facing budget implementation in local government system.

 

  • Research Question
  1. What is the effect of budget and budgetary control in local government system?
  2. What are the viable tools for sound budgetary control in local government system?
  3. What are the challenges facing budget implementation in local government system?
  4. What are the solution to the problem facing budget implementation in local government system?

 

  • Significance of the Study

With the findings of study by adopting proper measures of budget control to ensure efficient and effective utilization of available fund. The study having examined principle of budgeting, preparation; implementation and control, it is believed that this work will be of interest to budget officers and managers of all government ministries, parastatals that engage in planning an forecasting. This work  will provide government administrators with vital information on the effect of budgetary control for the smooth running of budget procedures and implementation process in the public sector and also its major challenges. This research work will also serve as a vital material to those who want to carry out work of such nature.

 

  • Scope and Limitation of the Study

This research study was on the effect of budget and budgetary control in local government system. Ikot Ekpene Local Government Council was used as a case study for this research work.

In term of limitations, there were factors which serve as limitation to this research work which are being reluctant on the part of respondents in giving accurate information thereby making it so hard for the researcher to gather data. Also, attending to some academic work at the same time, this research work was a very tedious process. This resulted to limited time to attend to the commitment of this study.

  • Organization of the Study

This research work is organized in five (5) chapters, chapter one gives the overall introduction and  background  of the study, it statement of the problem, objective of the study, the major research questions, the significant of the study and definition of terms relating to the study.

Chapter two (2) reviews related literature to this study as opinions of various authors are sought.

Chapter (3) emphasizes on the research methodology which include: Design of the study Area of the study, population of the study sample and sampling techniques, Instrument for data collection and the data analysis techniques

Chapter four focuses on data presentation, analysis and interpretation of results, finally chapter five (5) conclude the research work with its findings and major recommendations based on the finding from the research.

 

  • Definition of Terms

The following terms will be defined based on their usage in this research work.

BUDGET: Budget may be define an s the annual estimates, prepared and presented by the presidency and approach by the National house of Assembly, stating the expected revenue and the estimate expenditure for a particular financial year.

BUDGETARY CONTROL: It is part of overall system of responsibility accounting within an organization Adenji (2009, P.575).

Citation - Reference

All Project Materials Inc. (2020). THE EFFECT OF BUDGET AND BUDGETARY CONTROL IN THE LOCAL GOVERNMENT SYSTEM. Available at: https://researchcub.info/department/paper-8073.html. [Accessed: ].

THE EFFECT OF BUDGET AND BUDGETARY CONTROL IN THE LOCAL GOVERNMENT SYSTEM


Delivery Assurance: This Project material is delivered within 15-30 Minutes. Click below to download complete material.


Download Complete Project Material

Call: +2347063298784

Hire a Writer

Department

Search Word Tags:


A Review on the effect of budget and budgetary control in the local government system, local, government, budget, research journals and thesis, researchcub.info, accounting project topics.
Budget and budgetary control has played a very significant role in and organization whether government or private yet, its importance cannot be over-emphasized. In simple terms, budget is a critical evaluation and financial planning of organization’s income and expenditure. Andrew (2012) observe that budget is the overall financial estimate and analysis of an organization financial Obligations. It is important to note that even individuals also have a financial budget of his income and the resources at its disposal. With this understanding, budgetary control therefore means the act of regulating the process o financial planning in an organization. Akwaowo (2015) noted that one of the most important and widely used approach to the planning and control function in an organization is budgeting involves the He further added that budgeting involves the establishment of predetermined goals, the reporting of actual performance result and evaluation of performance in terms of predetermined goals. Budgetary control system is universal and have been considered an essential tool for financial planning. The purpose of budgetary control is to provide a forecast of revenues and expenditures. This is however achieved through constructing a model of how our business might perform, financially speaking of certain strategies, events and plans are carried out, (Akwaowo 2015). Budgetary control enable the management team to make plans for the future through implementing those plans and monito.. Click here for more

THE EFFECT OF BUDGET AND BUDGETARY CONTROL IN THE LOCAL GOVERNMENT SYSTEM - Research Journals and Thesis - Researchcub.info

Excellent and Professional research project topics, ideas and materials Website - researchcub.info

Undergraduate Project Topics, economics project topics, marketing project topics, business administration project topics, engineering project topics, computer science project topics, banking & finance project topics, education project topics, law project topics, sciences project topics, public administration project topics, political science project topics, mathematics project topics, medical science project topics, mass communication project topics, research projects, geology project topics, marketing project topics, agriculture project topics, Browse Thousands of Final Year Project Topics, hire a writer, Research Works and Materials, Project topics and materials in Nigeria, Undergraduate Project Topics, Research Works and Materials, research topics, research project materials, complete project materials, computer science project material, free project topics, complete projects, accounting topics, small business topics, entrepreneurship topics, project materials, Nigerian undergraduate projects, business administration projects, computer science topics and projects, MBA Nigerian project topics, human resources, small businesses, entrepreneurship projects, economics projects, impacts projects, effect projects, university projects, polytechnic projects, investigate projects, political science projects, mass communication projects, project topics, human resource projects, education projects, French topics, project analysis, French projects, project tips, project abstract, project proposals, project bibliography, project reference, project seminar, forex, TSA, treasury single account, currency, naira, devaluation, undergraduate projects, final project research, marketing project topics, statistics project topics, mathematics project topics, statistics, mathematics, research projects, project thesis, labour force theses, NCE, OND, HND, BTECH, BSC, MBA, MSC, English projects, linguistic project topics, Free Project topics and materials in Nigeria, research topics, reseach project materials, computer science project material, free, complete, accounting topics, small business topics, materials, nigeria projects, business administration projects, computer science topics and projects, MBA nigeria project topics, human resources, small business, entrepreneurship projects, economics projects, impact projects, effects projects, training, budgets, ghana, university, polytechnic, browse Free project materials and topics in Nigeria, accounting and finance project materials, business administration project materials and topics, human resources, entrepreneurship, computer science and engineering project materials and topics, Accounting project topics, Accounting project topics and materials, Agricultural Economics Project Topics and Materials, Agricultural Science Projects topics and materials, All Project topics and materials, Architecture Project topics and materials, Aviation project topics and materials, Banking & Finance Projects topics and materials, Biology project and materials, Building project topics and materials, Business Administration & Management Projects topics and materials, Chemical Engineering Project Topics and materials, Civil Engineering Projects topics and materials, Communication & mass communication art project topics and materials, Computer Engineering Project Topics and materials, Computer Science Projects topics and materials, Criminology project topics and materials, Economics Research Projects topics and materials, Education Project Topics and Materials, Electrical Engineering Projects and materials, English Education & English Language Project topics and materials, Food Science project topics and materials, Geology Project Topics and materials, Guidance Counseling Project Topics and materials, History project topics and materials, Home Economics Project Topics and Materials, Human Resource Projects topics and Materials, Industrial Chemistry Projects topics and materials, Insurance Projects topics and materials, Law project topics and materials, Library and information science project topics and materials, Marine and Transport management project topics and materials, Marketing Projects topics and materials, Mathematics project topics and materials, Medical Sciences Project Topics and materials, Microbiology project topics and materials, Nursing and Midwifery project topics, Nursing and Midwifery project topics and materials, Optometry or nursing project topics and materials, Petroleum Engineering project topics and materials, Pharmacy project topics and materials, Philosophy project topics and materials, Photography project topics and materials, Physical and Health Education project topics and materials, Physiology project topics and materials, Political science project topics and materials, Project topics and materials, Psychology project topics and materials, Random project, Religious and Cultural Studies Project Topics and Materials, Sociology and Anthropology Project topics and materials, Sociology Project Topics and materials, Tourism project topics and materials, Vocational education project topics and materials THE EFFECT OF BUDGET AND BUDGETARY CONTROL IN THE LOCAL GOVERNMENT SYSTEM-local- government- budget- Research Journals and Thesis | Researchcub.info