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

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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 page                                    i
Approval                                    ii
Dedication                                     iii
Acknowledgement                                iv
Abstract                                    v
Table of content                                vi
CHAPTER ONE
1.0    Introduction                                1
1.1    Historical Development of the Firm                4
1.2    Background of mobile Telecommunication            5
    Network Nigeria Limited/Present state of Affairs
1.3    Statement of problem                        8
1.4    Objective of the study                        8
1.5    Research Question                            9
1.6    Research Hypothesis                        10
1.7    Scope and limitation                        10
1.8    Significance of the study                        11
1.9    Definition of terms                            12
CHAPTER TWO
2.0    Literature review                            14
2.1    Introduction                                14
2.2    Definition of budget                        15
2.3    Types of Budget                            17
2.4    The Budget period                            20
2.5    Administration of the Annual Budget                21
2.6    Stages in the Budget process                    24
2.7    Appraisal of fixed, flexible and other budget            43
2.8    Planning function                            45
2.9    Controlling function                        46
2.10    Budgeting control                            50
2.11    Variance analysis                            51
2.12    Additional Tool for Budgeting and Budgetary
control: Zero Base Budgeting (ZBB)                 57   
CHAPTER THREE
3.0    Research Design and methodology                58
3.1    Research design                            58
3.2    sampling technique                        58
3.3    Sampling design and population size                58
3.4    Sources of data                            60
3.5    Interview questions                        60
3.6    Method of data analysis                        60
CHAPTER FOUR
4.0    Presentation, Analysis and Interpretation of Data        63
4.1    Analysis of questionnaires returned                63
4.2    Hypothesis testing and proofing                    71
CHAPTER FIVE
5.0    Summary of findings recommendations and conclusion    77
5.1    Summary of findings                        77
5.2    Recommendations                            79
5.3    Conclusion                                80
Bibliography                            81
Appendix                                83







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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, NIGERIA.. Afribary. Retrieved from https://afribary.com/works/budgeting-a-systematic-approach-to-profit-planning-and-control-ldquo-a-case-study-of-mobile-telecommunication-network-nigeria-limited-rsquo-mtn-enugu-state-nigeria-6788

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, NIGERIA." Afribary. Afribary, 29 Jan. 2018, https://afribary.com/works/budgeting-a-systematic-approach-to-profit-planning-and-control-ldquo-a-case-study-of-mobile-telecommunication-network-nigeria-limited-rsquo-mtn-enugu-state-nigeria-6788. Accessed 30 Nov. 2022.

MLA7

Ugwu, Anderson . "BUDGETING: A SYSTEMATIC APPROACH TO PROFIT PLANNING AND CONTROL “A CASE STUDY OF MOBILE TELECOMMUNICATION NETWORK NIGERIA LIMITED’ (MTN), ENUGU STATE, NIGERIA.". Afribary, Afribary, 29 Jan. 2018. Web. 30 Nov. 2022. < https://afribary.com/works/budgeting-a-systematic-approach-to-profit-planning-and-control-ldquo-a-case-study-of-mobile-telecommunication-network-nigeria-limited-rsquo-mtn-enugu-state-nigeria-6788 >.

Chicago

Ugwu, Anderson . "BUDGETING: A SYSTEMATIC APPROACH TO PROFIT PLANNING AND CONTROL “A CASE STUDY OF MOBILE TELECOMMUNICATION NETWORK NIGERIA LIMITED’ (MTN), ENUGU STATE, NIGERIA." Afribary (2018). Accessed November 30, 2022. https://afribary.com/works/budgeting-a-systematic-approach-to-profit-planning-and-control-ldquo-a-case-study-of-mobile-telecommunication-network-nigeria-limited-rsquo-mtn-enugu-state-nigeria-6788