THE PROBLEM OF BUDGET AND BUDGETARY AS MANAGEMENT TOOL FOR DECISION MAKING

ABSTRACT
The scarcity of human and material resources, the competitive nature and the uncertainty about future has made both government and most modern business enterprises to find away of improving upon them performance to achieve increasing productivity, profitability and reduction on cost.  A common instrument is a good budgets and budgetary control system.
The work was aimed at a study of the role of budget and budgetary control system, its attendant problems and remedies.  The study also deals on how the state government uses budgetary control to make decision for effective economic management.
The study observed the inherent problems on drawbacks in the implementation of the budget and budgetary control system as follows:
i.The problem of ensuring involvement of departmental heads.
ii.Lack of proper understanding of the system by departmental heads.
iii.Departmental heads pursing individual goods instead of organizations goals.

In conclusion, the following recommendation were made:       
i.The minimum qualification for those involved in budget preparation should not be less than HND/B.SC.
ii.Flexible budgets should not be adopted to take care of fluctuation of the naira against other foreign currencies.
iii.Those responsible for budget preparation should undergo training programmes, seminars and workshop at least one every year.
iv.Adequate planning and control through budget and budgetary controls will help greatly the overall performance of government and Nigeria as a whole.
 
TABLE OF CONTENTS

Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of content

CHAPTER ONE:
1.0Introduction
1.1Purpose of the study
1.2Significance of the study
1.3Scope and limitation of the study
1.4Definition of terms

CHAPTER TWO:
2.0Literature Review
2.1Definition of budget and budgetary control
2.2The budget period
2.3Purpose for preparing budget
2.4A comprehensive budgetary system
2.5Merits and demerits of budgetary control
2.6Human aspects of budgeting and budgetary control

CHAPTER THREE:
3.0Summary of findings, conclusion and recommendation
3.1Discussion of findings
3.2Conclusion
3.3Recommendations
Bibliography 

Subscribe to access this work and thousands more
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

Ugwu, A. (2018). THE PROBLEM OF BUDGET AND BUDGETARY AS MANAGEMENT TOOL FOR DECISION MAKING. Afribary. Retrieved from https://afribary.com/works/the-problem-of-budget-and-budgetary-as-management-tool-for-decision-making-6888

MLA 8th

Ugwu, Anderson "THE PROBLEM OF BUDGET AND BUDGETARY AS MANAGEMENT TOOL FOR DECISION MAKING" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/the-problem-of-budget-and-budgetary-as-management-tool-for-decision-making-6888. Accessed 18 Apr. 2024.

MLA7

Ugwu, Anderson . "THE PROBLEM OF BUDGET AND BUDGETARY AS MANAGEMENT TOOL FOR DECISION MAKING". Afribary, Afribary, 29 Jan. 2018. Web. 18 Apr. 2024. < https://afribary.com/works/the-problem-of-budget-and-budgetary-as-management-tool-for-decision-making-6888 >.

Chicago

Ugwu, Anderson . "THE PROBLEM OF BUDGET AND BUDGETARY AS MANAGEMENT TOOL FOR DECISION MAKING" Afribary (2018). Accessed April 18, 2024. https://afribary.com/works/the-problem-of-budget-and-budgetary-as-management-tool-for-decision-making-6888

Document Details
Field: Accounting Type: Seminar 26 PAGES (3149 WORDS) (doc)