BUDGET AND BUDGETARY CONTROL AS A MEANS OF ACHIEVING ORGANIZATIONAL OBJECTIVES (A CASE STUDY OF RANCCOR FOOD AND PACKAGING NIGERIA LTD)

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ABSTRACT

A budget is a quantitative plan of action prepared in advance for the period to which it relates while control encompasses all the methods and procedure which directs employees towards achieving the organizational objectives.

This work is carried out to know how budgeting process is required to achieve different purposes within an organization. In addition to aiding, planning, coordinating and communicating activities of an organization, budget provides a financial blue print that enables a firm coordinate all its activities.

For effective understanding, this research work is presented in five chapters.

Chapter one dealt with the background of the prevailing circumstance s that led to the introduction of budget and its control in an organization.

From this, other chapters derived their based in order to confirm the findings, recommendations and conclusion.

It is worthy to mention here that budget and budgetary control has been a welcome and rewarding development in achieving an organizational aims.

TABLE OF CONTENTS

ABSTRACT

TABLE OF CONTENT

CHAPTER ONE

1.0 INTRODUCTION

1.1 STATEMENT OF PROBLEMS

1.2 OBJECTIVES OF THE STUDY

1.3 RESEARCH QUESTIONS

1.4 STATEMENT OF HYPOTHESIS

1.5 SCOPE AND STUDY

1.6 SIGNIFICANCE OF STUDY

1.7 LIMITATION OF STUDY

DEFINITION OF TERMS

REFERENCES

CHAPTER TWO

THE MEANING OF BUDGETING AND BUDGETARY

2.1 CONTROL

2.2 PURPOSE OF BUDGETARY

2.3 THE SCOPE OF BUDGETING

2.4 HUMAN FACTORS IN BUDGET PLANNING AND CONTROL

2.5 PREPARATION OF BUDGETS

2.5b BUDGETING PROCESS

2.6 BUDGET COMMITTEE

2.7 BUDGET PERIOD

2.7 THE MASTER BUDGET

2.8 FUNCTIONAL BUDGET/OPERATIONAL BUDGET

2.8 APPROACHES TO BUDGETING /TYPES OF BUDGETING

2.9 OBJECTIVE OF BUDGETING CONTROL

2.10 THE BUDGETARY CONTROL SYSTEM

2.11 ADVANTAGES OF BUDGETING / BUDGET

2.12 DISADVANTAGES OF BUDGETING/BUDGET

2.13 ADVANTAGES OF BUDGETARY CONTROL

2.14 DISADVANTAGES OF BUDGETARY CONTROL

REFERENCES

CHAPTER THREE

RESEARCH METHODOLOGY

3.0 INTRODUCTION

3.1 RESEARCH DESIGN

3.2 POPULATION AND SAMPLE SELECTED

3.3 METHODS DATA COLLECTION

3.4 PROCEDURE FOR PROCESSING AND ANALYZING DATA

3.4a DESCRIPTIVE ANALYSIS

3.4b PERCENTAGE ANALYSIS

CHAPTER FOUR

4.0 INTRODUCTION

DATA PRESENTATION AND ANALYSIS

4.2 TEST AND INTERPRETATION OF HYPOTHESIS II

CHAPTER FIVE

SUMMARY OF FINDINGS, RECOMMENDATION AND

CONCLUSION

5.0 INTRODUCTION

5.1 FINDINGS

5.2 RECOMMENDATION

5.3 CONCLUSION

BIBLIOGRAPHY

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BUDGET AND BUDGETARY CONTROL AS A MEANS OF ACHIEVING ORGANIZATIONAL OBJECTIVES (A CASE STUDY OF RANCCOR FOOD AND PACKAGING NIGERIA LTD)

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