FINANCIAL PLANNING AND CONTROL A KEY TO MANAGEMENT EFFICIENCY IN THE MANUFACTURING INDUSTRY (A CASE STUDY OF DANGOTE GROUP PLC)

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ABSTRACT

This study was conducted to determine some based line data essential for financial planning and control a key to management efficiency in the manufacturing industry. Some research problems were investigated such as in adequate financial management, lack of adequate planning and poor control in the manufacturing industry. I solve the research problems, both primary and secondary data were collected. The research instrument used in collecting the data was questionnaires. In organizing and presenting data collect, tables and percentages were used. Three hypothesis were tested using T-test method. In the course of carrying out this research, it was discovered that there as no proper financial management control in the industry. the following recommendations were made which were planning policy must not be practiced as mere useful thinking, but as a matter of financial planning guidelines to provide the basis of development programme, and discipline should be maintained at all cost so as to ensure effective and judicious use of financial resource in manufacturing industry.

TABLE OF CONTENT

Title Page ii

Approval Page iii

Dedication iv

Acknowledgement v

Abstract vi

Table of Content vii

CHAPTER ONE:

INTRODUCTION

1.1 Background of the study 1

1.2 Statement of the problem 8

1.3 Objectives of the study 9

1.4 scope of the study 9

1.5 Research Questions 10

1.6 Research Hypotheses 11

1.7 Significant of the study 12

1.8 Definition of Terms 15

CHAPTER TWO:

LITERATURE REVIEW

2.1 Production Cost Control 9

2.3 Production Cost 10

2.4 Accounting for Element Of Production 13

2.5 Accounting For Material Cost 14

2.6 Accounting For Labour Cost 15

2.7 Accounting For Overhead Cost 16

2.8 Control 17

CHAPTER THREE:

METHODOLOGY

3.1 Research Design 43

3.2 Area of the study 43

3.3 Population of the study 43

3.4 Sample 44

3.5 Sources of Data 46

3.6 Analytical Technique 47

CHAPTER FOUR:

PRESENTATION AND ANALYSIS OF DATA

4.1 Data Presentation 49

4.2 Data Analysis 55

CHAPTER FIVE:

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS.

5.1 Summary of Findings 74

5.2 Conclusion 75

5.3 Recommendations 75

References

Appendix I

Appendix II

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FINANCIAL PLANNING AND CONTROL A KEY TO MANAGEMENT EFFICIENCY IN THE MANUFACTURING INDUSTRY (A CASE STUDY OF DANGOTE GROUP PLC)

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