BUDGETING: A SYSTEMATIC APPROACH TO PROFIT PLANNING AND CONTROL (A CASE STUDY OF MOBILE TELECOMMUNICATION NETWORK NIGERIA LIMITED’ (MTN), ENUGU STATE)

ABSTRACT

Budgeting – A systematic approach to profit planning and control is a work centered on the use of budgeting as a tool for planning and control for profit maximization in a mobile telecommunication network Nigeria Limited Enugu as a case study.

The objective of the study is to show the importance of budgeting as a tool for systematic profit planning and control in the mobile telecommunication network Nigeria limited which has profit maximization as its principal objective.

The research is also aimed at identifying the steps adopted in the formulation of annual budget of MTN Nigeria.

Consequent upon this, the following hypothetical question were used for the study.

1.Managers use budgeting as a systematic approach to profit planning and control in attaining the goals of the business.

2.Decision making is performed in mobile telecommunication using budgeting

3.Utilization of resources is achieved with the use of budget and budgetary control

Following the investigation and analysis of data, the following findings were made

1.The organization uses budgeting in achieving the goals and objectives

2.The main objective of the organization is profit maximization

3.Efficiency and effectiveness of the organization is achieved through the use of budgeting.

From the findings, the conclusions were arrived that budgeting is very essential and indispensable tool for profit planning and control. It helps management to be well structured in sustaining the growth and expansion of the organization.

TABLE OF CONTENT

Title pagei

Approvalii

Dedication iii

Acknowledgementiv

Abstractv

Table of contentvi

CHAPTER ONE

1.0Introduction1

1.1Historical Development of the Firm4

1.2Background of mobile Telecommunication5

Network Nigeria Limited/Present state of Affairs

1.3Statement of problem8

1.4Objective of the study8

1.5Research Question9

1.6Research Hypothesis10

1.7Scope and limitation10

1.8Significance of the study11

1.9Definition of terms12

CHAPTER TWO

2.0Literature review14

2.1Introduction14

2.2Definition of budget15

2.3Types of Budget17

2.4The Budget period20

2.5Administration of the Annual Budget21

2.6Stages in the Budget process24

2.7Appraisal of fixed, flexible and other budget43

2.8Planning function45

2.9Controlling function46

2.10Budgeting control50

2.11Variance analysis51

2.12Additional Tool for Budgeting and Budgetary

control: Zero Base Budgeting (ZBB) 57

CHAPTER THREE

3.0Research Design and methodology58

3.1Research design58

3.2sampling technique58

3.3Sampling design and population size58

3.4Sources of data60

3.5Interview questions60

3.6Method of data analysis60

CHAPTER FOUR

4.0Presentation, Analysis and Interpretation of Data63

4.1Analysis of questionnaires returned63

4.2Hypothesis testing and proofing71

CHAPTER FIVE

5.0Summary of findings recommendations and conclusion77

5.1Summary of findings77

5.2Recommendations79

5.3Conclusion80

Bibliography81

Appendix83

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APA

Ugwu, A. (2018). BUDGETING: A SYSTEMATIC APPROACH TO PROFIT PLANNING AND CONTROL (A CASE STUDY OF MOBILE TELECOMMUNICATION NETWORK NIGERIA LIMITED’ (MTN), ENUGU STATE). Afribary. Retrieved from https://afribary.com/works/budgeting-a-systematic-approach-to-profit-planning-and-control-a-case-study-of-mobile-telecommunication-network-nigeria-limited-rsquo-mtn-enugu-state-9302

MLA 8th

Ugwu, Anderson "BUDGETING: A SYSTEMATIC APPROACH TO PROFIT PLANNING AND CONTROL (A CASE STUDY OF MOBILE TELECOMMUNICATION NETWORK NIGERIA LIMITED’ (MTN), ENUGU STATE)" Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/budgeting-a-systematic-approach-to-profit-planning-and-control-a-case-study-of-mobile-telecommunication-network-nigeria-limited-rsquo-mtn-enugu-state-9302. Accessed 26 Apr. 2024.

MLA7

Ugwu, Anderson . "BUDGETING: A SYSTEMATIC APPROACH TO PROFIT PLANNING AND CONTROL (A CASE STUDY OF MOBILE TELECOMMUNICATION NETWORK NIGERIA LIMITED’ (MTN), ENUGU STATE)". Afribary, Afribary, 29 Jan. 2018. Web. 26 Apr. 2024. < https://afribary.com/works/budgeting-a-systematic-approach-to-profit-planning-and-control-a-case-study-of-mobile-telecommunication-network-nigeria-limited-rsquo-mtn-enugu-state-9302 >.

Chicago

Ugwu, Anderson . "BUDGETING: A SYSTEMATIC APPROACH TO PROFIT PLANNING AND CONTROL (A CASE STUDY OF MOBILE TELECOMMUNICATION NETWORK NIGERIA LIMITED’ (MTN), ENUGU STATE)" Afribary (2018). Accessed April 26, 2024. https://afribary.com/works/budgeting-a-systematic-approach-to-profit-planning-and-control-a-case-study-of-mobile-telecommunication-network-nigeria-limited-rsquo-mtn-enugu-state-9302

BUDGETING: A SYSTEMATIC APPROACH TO PROFIT PLANNING AND CONTROL (A CASE STUDY OF MOBILE TELECOMMUNICATION NETWORK NIGERIA LIMITED’ (MTN), ENUGU STATE)

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