Introduction organisation with exception of every minute and unorganized ones, there is a process known as expenditure control or cost control which is a part of management control process.
This process is very important to any organisation be it a profit maximizing organisation or non profit maximizing organisation. Thus is because lack of this practice in any organisation will cause misapplication of cash in cash disbursement process and this will create a very big problem leading the organisation into deficit and at an extreme case the organisation might fold up
(ie liquidation) Many research have bee conducted in the reason for folding up of companies and organisation in which lack of expenditure control process had been found responsible.
Expenditure control has been defined as the process by which managers utilizes effectively and efficiently the scarce resources in the achievement of organisational goal. At this juncture let us look at expenditure and control from a separate perspective.
Expenditure: It is the total amount spent on the process of trying to achieve a particular goal. This amount spent might be regained if the goal is not achieved.
Control: Is the fact of making things world in a way the is required. It is also the used by either government of official organisation to make restrictions on wages increases, immigrate credit and so on (which are all expenditure)
As regards to this project topic which is a comparative study of expenditure control methods in governments ownes and privately owned hospitals. A case study of university of Nigerian Teaching Hospital, Enugu. (UNTH) and Toronto hospital and Maternity Onitsha.
This implying a comparative study of non-profit-making organisations, since UNTH is government owned hospital while Toronto is privately owned hospital as a category is of non profit making organisation are characterized by the following:
a. There is neither a conscious profit motive nor an expectation of earning net income.
b. No part any excess of revenues over expenditure is distributed to those who contributed support through taxes and voluntary donations.
c. Any excess of revenue over expenditure that results form operations in the short run is ordinarily used on later years to further the purpose of the organisation.
Can't find what you are looking for?
Call (+234) 07030248044.
OTHER SIMILAR ACCOUNTING PROJECTS AND MATERIALS
AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)
CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »
A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)
ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »
AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)
HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »
APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA
2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »
ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA
ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »
ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)
THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »
What are looking for today?
THE IMPACT OF HUMAN RESOURCE PLANNING ON ORGANIZATIONAL PERFORMANCE
74,759 people found this useful
IMPACT OF E-LEARNING ON THE ACADEMIC PERFORMANCE OF UNDERGRADUATE STUDENTS (A CASE STUDY OF NATIONAL...
53,515 people found this useful
THE EFFECT OF SOCIAL MEDIA ON STUDENTS PERFORMANCE IN LEARNING LISTENING COMPREHENSION
52,984 people found this useful
IMPACT OF SOCIAL MEDIA ON CONSUMER BEHAVIOR
50,083 people found this useful
TAX ADMINISTRATION IN NIGERIA: CHALLENGES AND PROSPECTS, A CASE STUDY OF LAGOS STATE BOARD OF INTERN...
48,599 people found this useful
CAUSES AND EFFECTS OF COMMUNICATION BREAKDOWN IN AN ORGANIZATION (A case study of champions’ brewe...
45,899 people found this useful