THE IMPACT OF BUDGETARY CONTROL ON THE PROFIT OF BUSINESS ENTERPRISE

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INTRODUCTIONS

1.1 BACKGROUND 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 Page iii

Dedication iv

Acknowledgement v

Table of content vi

CHAPTER ONE:

Introduction

1.1 Background of the study 1

1.2 The statement of the problem 2

1.3 Objective of the study 2

1.4 Significance of the study 3

1.5 Limitations of the study 4

CHAPTER TWO

Review of Related Literature 5

2.1 Budgetary control 5

2.2 Aims and objectives of budgetary control 7

2.3 Problems in monetary control 7

2.4 Budgetary control and profit 8

2.5 Qualities of good budgetary control 9

2.6 Success and application of budgetary control 10

Reference 12

CHAPTER THREE

Research Design and Methodology 13

31. Sources of data 13

Secondary sources 13

32. Location of data 13

33. Methods of data collection 14

CHAPTER FOUR

4.1 Findings 15

CHAPTER FIVE

Recommendations and Conclusion 16

5.1 Recommendations 16

5.2 Conclusion 17

Bibliography 19

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THE IMPACT OF BUDGETARY CONTROL ON THE PROFIT OF BUSINESS ENTERPRISE

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