CHAPTER ONE
INTRODUCTION
Budgeting is the most comprehensive management tool for planning and control in any organization. New management techniques which involve meeting the increasing complexities of business today in the society is budgeting, and many things, have been written and said about it in books, journals magazines and newspapers. In fact it attracts very much human material attention.
These reasons make the need for this research into the role of budgeting in private sector management very pertinent.
Budgeting is futuristic in nature. The further is subject to change while change is he only thing that is constant. Therefore, any attempt to quantitatively state the future is an approximation and then budgeting is said to be free of emotion.
1.2 OBJECTIVE OF THE STUDY
This research is aimed at accomplishment of some objectives. It will examine and highlight the roles of budgeting and will also assess the impact of inflation and other unforeseen variables on the usefulness of budgeting in the private sector management in Nigeria.
To achieve these, the research has to:
a) Ascertain the role of budgeting in private sector management.
b) Ascertain the system of budgeting in private sector management.
c) Apprise the role of budgeting in situation of frequent erratic changes.
d) Analyze the impact of the role of budgeting in private sector management.
e) Ascertain whether budgeting accomplishes its practical roles in the private sector management.
General, this project is aimed at arocising interest on the role of budgeting in private sector management in Nigeria. The aim is that enough consciousness towards budgeting will be awakened by this project to improve the effectiveness of the role of budgeting.
1.3 SIGNIFICANT OF THE STUDY
This term paper has varying level of significant various categories of its users and readers who may wish to reference it from time to time.
One significant is that it forms of a major part of the final examination of the researcher for the award of national diploma in accountancy. It also affords the researcher a better understanding and application of he subject matte of “the role of budgeting in private sector management”. This project provides beneficial insight into the nature and role of budgeting to managers; accountants, bankers and even insurers.
This will enhance effective budgeting in their respective organizations.
It also provide material guide and will therefore be of immense benefit to anybody who may wish to undertake a critical review of this work and relative topics in future.
1.4 LIMITATION AND DELIMITATION OF THE STUDY
The scope or delimitation of this research is basically on the role of budgeting, system of budgeting and how the role of budgeting is feel in the private sector management. It is also on how to accomplish the practical roles of budgeting in the private sector management.
1.5 DEFINITION OF TERMS
The following terminologies are defined to reflect their meaning in this project.
1) Role: This means the functions and duty which a person or a thing performs or ought to perform or act.
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?
Format: | Ms Word | ||
Chapters: | 1 - 5 | ||
Pages: | 66 | ||
Attributes: | Questionnaire, Data Analysis,Abstract | ||
Price: | ₦3000 | ||
Get the complete project » |
THE IMPACT OF HUMAN RESOURCE PLANNING ON ORGANIZATIONAL PERFORMANCE
81,162 people found this useful
IMPACT OF E-LEARNING ON THE ACADEMIC PERFORMANCE OF UNDERGRADUATE STUDENTS (A CASE STUDY OF NATIONAL...
61,937 people found this useful
IMPACT OF SOCIAL MEDIA ON CONSUMER BEHAVIOR
55,514 people found this useful
THE EFFECT OF SOCIAL MEDIA ON STUDENTS PERFORMANCE IN LEARNING LISTENING COMPREHENSION
54,894 people found this useful
TAX ADMINISTRATION IN NIGERIA: CHALLENGES AND PROSPECTS, A CASE STUDY OF LAGOS STATE BOARD OF INTERN...
52,291 people found this useful
THE EFFECT OF ADVERTISEMENT ON CONSUMER BRAND PREFERENCE
50,956 people found this useful