THE IMPACT OF BUDGETARY CONTROL ON THE PROFIT OF BUSINESS ENTERPRISE

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INTRODUCTIONS

1.1BACKGROUND OF THE STUDY

The increasing complexity of the business environment has necessitated a systematic approach to the impact of budgetary control on the profit of business enterprise.

Based on business philosophy, nationally or internationally corporate goal in centered on high production with minimal production cost and hence profit maximization. Sufficient profit is required so that the rating of the efficiency of the business organization will be high.

The owners of the business will expect their rewards as dividends, the creditors require payment, the employees of the business organizations will demand their remunerations and the social responsibility to the community where they are located. All of the demands have to be met form the cash inflow.

As a result, the need arises of the management of the business enterprises to plan their operation and channel their resources into projects that would yield the highest profit.

TABLE OF CONTENT

Page

Title page ii

Approval Pageiii

Dedicationiv

Acknowledgement v

Table of content vi

CHAPTER ONE:

Introduction

1.1Background of the study 1

1.2The statement of the problem 2

1.3Objective of the study 2

1.4Significance of the study 3

1.5Limitations of the study 4

CHAPTER TWO

Review of Related Literature 5

2.1Budgetary control 5

2.2Aims and objectives of budgetary control7

2.3Problems in monetary control 7

2.4Budgetary control and profit 8

2.5Qualities of good budgetary control 9

2.6Success and application of budgetary control10

Reference 12

CHAPTER THREE

Research Design and Methodology13

31.Sources of data13

Secondary sources 13

32.Location of data 13

33.Methods of data collection14

CHAPTER FOUR

4.1Findings15

CHAPTER FIVE

Recommendations and Conclusion 16

5.1Recommendations 16

5.2Conclusion 17

Bibliography19

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THE IMPACT OF BUDGETARY CONTROL ON THE PROFIT OF BUSINESS ENTERPRISE

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