Full Project-BENEFITS OF BUDGETING AS A MANAGEMENT TOOL IN ORGANIZATION A CASE STUDY OF NIGERIA BOTTLING COMPANY LTD
Click here to Get this Complete Project Chapter 1-5
BENEFITS OF BUDGETING AS A MANAGEMENT TOOL IN ORGANIZATION A CASE STUDY OF NIGERIA BOTTLING COMPANY LTD
ABSTRACT
The study examined the benefit of budgeting as a managerial tool in an organization, which focus on Nigeria Bottling Company Plc. The survey method was extensively used together data for the study and a simple through questionnaire and oral interview and discussion conduct with some of the study participants.
The study establish the benefit of budgeting as a management tool in an organization so that it can contributes to the realization of organization goal and objectives. They should conclude with useful recommendations that can help the Nigeria Bottling Company Plc to improve in their budgeting in an organization.
CHAPTER ONE
1.1 BACKGROUND TO THE STUDY
In Nigeria today, there is rapid growth experience in the area of industrialization. A lot of business has failed to recognize that budgeting as a management tool is effective enough to reposition the organization among their competitors.
In the opinion of many authors budgeting is a check necessary in an organization, the planning policy put in place will be defective. The aim of managers is to effectively put up a budgeting policy as a means of making practical’s budgets in the organization. This is what has prompted this study, benefit of budgeting as a management tool in an organization.
1.2 STATEMENT OF THE PROBLEM
The aim of this research is to find solution to the following research problems.
1. To examine the effect of budgeting policies as a tool in production level of the organization performance.
2. To examine we their budgeting policies can cease a positive impact in production level of the organization.
3. To examine if management monitor her budget to the point of implementation.
1.3 OBJECTIVES OF THE STUDY
This study aims to achieve the following objectives to see the extent to which organization budget before embarking on their operations.
– To assist management in budgeting planning to effect a change bring that in the organization
– To look at the problem that is associated with budget implantation mutation in the organization.
1.4 STATEMENT OF THE HYPOTHESIS
For the purpose of the study, the following hypotheses which are in their null form shall be tested.
1. Budgeting is not a management tool in an organization.
2. Budgeting implementation would not enhance productivity.
3. Budgeting cannot enhance organization performance in actualizing co-operation goals.
1.5 SCOPE OF THE STUDY
This study is looking at budgeting generally, using the Nigeria bottling company Benin City, Edo State as a case study.It will enable us look at benefit of budgeting as a management tool in an organization.
1.6 SIGNIFICANCE OF THE STUDY
It is important to know that the pursuit of this project will enable the management of an organization to know that budgets are useful and form an important part of planning and control process budgets also indicates the expenditure , revenue and profit planned for a given future time span. They are usually in monetary terms, providing a common ground for a variety of organization activities management can use budget to provide a major means for control and co-operation. It also helps to detect deviation easily.
1.7 LIMITATION OF STUDY
A number of factor imitated against this study, the first problem encountered by the research in the course of the study was the unfriendly altitude of the respondents, most of them were not really interest in the quest and deliberately refused to answer the question put forward.Closely related to this problem is that some of the respondent s did not return the questionnaire administered to them.1.8 DEFINITION OF TERMS
For easy in standing and use the following function had been defined as use. According to Adeniyi (2004)
1. CIRCULAR: It is a noticed issue from the finance department to inform other department in preparing their budget estimates.
2. BUDGET CENTRE: This is a unit inside the finance department which carry on involve all budget estimate from other department.
3. THE BUDGET HOLDER: This is the head of department in change of budget preparation.
4. BUDGET DURATION: According to Adeniyi (2004) this is the period in which the budget would be prepared and it should not be a tempt period.
5. BUDGET MANUAL: This is an information manual about the way budget operation in a particular organization one been prepared and the reason for budgeting.
6. THE BUDGET TIME TABLE: According to Adeniyi (2004) is a time of planning activities of a specifics time schedule established for initiating and completing certain phases for the budget planning process.
7. BUDGET COMMITTEES: It is a committee given a responsible for the task of developing a co-coordinating budget.
8. BUDGETING: This is the underlying activities tasks that must generally be carried out to attain maximum usefulness of a budget plan.
9. BUDGET PREPARATION: This is the preparation of all various sub-budgets that made up the master budget in the organization e.g. sales budget and sales forecasts etc
Get the Complete Project
This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for International clients.
Click here to Get this Complete Project Chapter 1-5
You can also check other Research Project here:
1, Accounting Research Project
- Adult Education
- Agricultural Science
- Banking & Finance
- Biblical Theology & CRS
- Biblical Theology and CRS
- Biology Education
- Business Administration
- Computer Engineering Project
- Computer Science 2
- Criminology Research Project
- Early Childhood Education
- Economic Education
- Education Research Project
- Educational Administration and Planning Research Project
- English
- English Education
- Entrepreneurship
- Environmental Sciences Research Project
- Guidance and Counselling Research Project
- History Education
- Human Kinetics and Health Education
- Management
- Maritime and Transportation
- Marketing
- Marketing Research Project 2
- Mass Communication
- Mathematics Education
- Medical Biochemistry Project
- Organizational Behaviour
- Other Projects
- Political Science
- Psychology
- Public Administration
- Public Health Research Project
- More Research Project
- Transportation Management
- Nursing
Need a Project Writer for a Different Topic
- MSC PROJECT WRITING SERVICES
- MBA RESEARCH PROJECT WRITING SERVICES
- Research Project Writing Services in Lagos Nigeria (Professional Writers) -Law, MSc, MBA,PhD, Dissertations, Thesis, Assignment, Speech
- Masters Research Project Writer in Lagos Nigeria
- MBA Research Project Writer in Lagos Nigeria
- LOOKING FOR A WRITING SERVICES FOR AN URGENT ASSIGNMENTS OR PROJECT WORK
- PROFESSIONAL WRITING SERVICES IN LAGOS NIGERIA (TERM PAPER, SPEECH WRITING, ASSIGNMENT, THESES, DISSERTATIONS, RESEARCH PROPOSAL, PROJECT WRITING SERVICES etc)
- BUSINESS ADMINISTRATION RESEARCH PROJECT WRITER IN LAGOS NIGERIA
- CONSULT A RESEARCH PROJECT WRITER IN LAGOS NIGERIA (PH.D, MBA, MSC, M.ED, BSC)
- MANAGEMENT RESEARCH PROJECT WRITER IN LAGOS NIGERIA
- Education Research Project Writer in Lagos Nigeria
- Environmental Sciences Research Project Writer in Lagos Nigeria
- Guidance and Counselling Research Project Writer in Lagos Nigeria
- Human Kinetics and Health Education Project Writer in Lagos Nigeria
- Early Childhood Education Research Project Writer in Lagos Nigeria
- Christian Religious Studies(CRS) Research Project Writer in Lagos Nigeria
- Educational Administration and Planning Research Project Writer in Lagos Nigeria
- Political Science Research Project Writer in Lagos Nigeria
- Accounting Research Project Writer in Lagos Nigeria
- Economics Research Project Writer in Lagos Nigeria
- Management Research Project Writer in Lagos Nigeria
- Marketing Research Project Writer in Lagos Nigeria
- Public Administration Research Project Writer in Lagos Nigeria
- MBA Research Project Analysts
- In Need of MBA Research Project Writer in Nigeria
- MBA Dissertation Research Project Writer
- MBA Project writer
- EDUCATION DEPARTMENT PROJECT WRITING SERVICES
- BACHELOR OF SCIENCE (BSC) DEGREE PROJECT WRITING SERVICES(B.ED,B.A,B.SC)
- MASTER OF BUSINESS ADMINISTRATION (MBA) RESEARCH PROJECT WRITING SERVICES
- MASTER OF SCIENCE (MSC) RESEARCH PROJECT WRITING SERVICES
- POST GRADUATE RESEARCH PROJECT WRITER
- POST GRADUATE DIPLOMA (PGD) RESEARCH PROJECT WRITER
- MASTER RESEARCH PROJECT WRITER
- MASTER DEGREE RESEARCH PROJECT WRITING SERVICES
- POSTGRADUATE RESEARCH PROJECT WRITING SERVICES
- MASTERS RESEARCH PROJECT WRITING SERVICES
- RESEARCH PROJECT WRITER
- EXPERT IN RESEARCH PROJECT/THESIS/DISSERTATION WRITING SERVICES IN LAGOS NIGERIA
- HIRE A PROFESSIONAL BSC/HND RESEARCH PROJECT WRITER
- HIRE A PROFESSIONAL MBA/MSC RESEARCH PROJECT WRITER
- HIRE A PROFESSIONAL THESIS WRITER IN LAGOS NIGERIA
- SC/M.SC/MBA/PGD RESEARCH PROJECT WRITER IN LAGOS NIGERIA
- Master Degree Research Project Specialist/Writer in Lagos, Nigeria
- Hire A Research Project Writer in Lagos Nigeria
- Research Project Specialist in Lagos, Nigeria