An Evaluation of Budgeting as a Tools for Planning and Controlling Production Activities in Nigeria Manufacturing Industry (A Case Study of Doyin Group of Companies)

TABLE OF CONTENT

TITLE PAGE                                                                              PAGES

CERTIFICATION                                                                                 I

DEDICATION                                                                                      II

ACKNOWLEDGEMENT                                                                     III

LIST OF TABLE                                                                                   IV

CHAPTER ONE

INTRODUCTION

1.1           BACKGROUND OF THE STUDY                                            1

1.2           STATEMENT OF THE PROBLEM                                            2

1.3           OBJECTIVES OF THE PROBLEM                                            3

1.4           SIGNIFICANE OF THE STUDY                                               3

1.5           SCOPE AND LIMITATION OF STUDY                                   4

1.6           ORGANIZATION PLAN                                                           5

1.7           DEFINITION OF TERMS                                                          6

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1           MEANING OF BUDGET                                                           7

2.2           ROLES OF BUDGET                                                                 8

2.3           BUDGETARY PLANNING AND CONTROL                           11

2.4           TYPE OF BUDGET/EFFECT OF BUDGET                              16

2.5           OBJECTIVES OF BUDGETING CONTROL                            18

2.6           APPRAISAL OF LITERATURE REVIEWED                           19

CHAPTER THREE

RESEARCH METHODOLOGY

3.1           RESEARCH DESIGN                                                                21

3.2           POPULATION OF STUDY                                                        21

3.3           SMAPLE AND SAMPLING TECHNIQUES                             22

3.4           RESEARCH QUESTION                                                           22

3.5           INSTRUMENTATION                                                               23

3.6           SOURCES OF DATA                                                                 23

3.7           METHOD OF DATA COLLECTION                                         24

3.8           METHOD OF DATA ANALYSI                                                25

3.9           LIMITATION OF THE METHODOLGY                                  25

CHAPTER FOUR

PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA.

4.1           INTRODUCTION                                                                       27

4.2           THE MAJOR PURPOSE OF PREPARING A BUDGET           27

4.3           ESSENTIALS OF BUDGETING                                                28

4.4           BASIC ELEMENTS OF BUDGETS THE BENEFITS OF BUDGETING                                                                             30

4.5           THE BENEFIT OF BUDGET                                                     32

4.6           DATA PRESENTATION                                                           32

4.7           RESEARCH QUESTION                                                           33

4.8           CATEGORY OF BUDGET IN A TYPICAL MANUFACTURING ORGANIZATION                                                                      36

CHAPTER FIVE

SUMMARY, CONCLUSION, AND RECOMMENDATIONS

5.1           SUMMARY OF FINDING                                                         38

5.2           CONCLUSION                                                                           40

5.3           RECOMMENDATION                                                               41

BIBLIOGRAPHY                                                                                 42

CHAPTER ONE

1.1           BACKGROUND OF THE STUDY

          One of the functions of a managers is to ensure that the necessary are information are acquired and employed in an effective and efficient manner for the accomplishment of the organization objective. This can be achieved by strategic planning. The strategic programme is otherwise known as budget. A budget is a plan of expenditure in qualitative and usually monetary. For a specified period of time. It helps project in top the future where business wants to be in future and how it intend to get these. If business management attempt of budge for the future. They one fared to thing about tomorrows problems and opportunity. Budgetary process involves making plans, executing those plans and monetary activities to in line with the plan. The process is interrelated with controlling and planning. Some managers fail to acknowledge the practicability and importance of budgets and budgetary control bsuch managers claims that the uncertainties poculliar to their business make budget impracticable to them. Also, many people associate budget with negative control activities where as the full process is musch broader and more positive them that.