THE ROLE OF BUDGETING IN THE PRESENT NIGERIA ECONOMIC SITUATION (A CASE STUDY OF INSTITUTE OF MANAGEMENT AND TECHNOLOGY) I.M.T

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ABSTRACT

Budgeting have a role to play in this present economic development of Nigeria. Budgeting which is defined as “A financial statement prepared and approved prior to a defined period of true of the policy to be purpose of attaining that period for the purpose of attaining a given objectives is primarily a process of planning and control. A well prepared budget provides management with a planned programme based on research by the entire organization. In addition, a carefully planned budget, provides owing to co-ordination the various actions of the organization. Budgeting is the most comprehensive financial technology widely used within an organization. When it is properly applied as a management process and toll it unites all parts of the institution and all aspects of management task into one complete management approach to profitability.

Budgeting positions one’s mind of the actual result or outcome with the predetermined plan. In other words, with good budgeting, the result of every effort can be forecasted. Through a good budgeting by exports there will be a standard economy, Budgeting reduces wastage of manpower, it also reduces wastage of finance.

Therefore, in order to avoid problems in carrying or preparing budget, budgeting should be carried out exactly there way it is being laid down by the experts if there is any correction or variation to be made in future, the experts should be involved.

TABLE OF CONTENT

Title Pageii

Approval pageiii

Dedication iv

Acknowledgement v

Abstractvi

Proposalvii

Table of contentvii

CHAPTER ONE

Introduction1

1.1Background of the study3

1.2Statement of problem4

1.3Objective of the study7

1.4Hypothesis/Research Question8

1.5Significance of the study8

1.6Scope/Limitations of the study9

1.7Definition of terms10

CHAPTER TWO

Review of related literature13

2.1History of Budgeting 13

2.2Early History of inflation 15

2.3Control of inflation18

2.4Accounting views in I.M.T20

2.5Different views in Budgeting 20

2.6Budgeting process23

Reference25

CHAPTER THREE

Research design and area for the study27

3.1Population of the study28

3.3 sample and sampling procedure28

3.4instrument for data collection28

3.5method of administration of the instrument29

3.6Method Of Data Analysis 29

CHAPTER FOUR

Data Presentation31

4.1Data Analysis32

CHAPTER FIVE

Summary of findings, conclusions and recommendation.58

5.1Summary of findings58

5.2Conclusion 59

5.3Recommendation 60

5.4Suggestion for Further Study60

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THE ROLE OF BUDGETING IN THE PRESENT NIGERIA ECONOMIC SITUATION (A CASE STUDY OF INSTITUTE OF MANAGEMENT AND TECHNOLOGY) I.M.T

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