Application Of Budgeting And Budgetary Control On Improving Corporate Profitability (A Study Of Nigerian Bottling Company Plc, Aba)

AGWAMBA CHIBUISI | 71 pages (14930 words) | Projects

ABSTRACT

The rapid environmental changes that companies face today do not only affect the production system and the new technology usage, but also affect organizational performance and management philosophies. Budgeting and budgetary control are as old as creation. Budgeting was first introduced in the 1 920s as a tool of managing cost and cash flows in the large industrial organizations. John (1996) state that it was during the 1960s that companies began to budget to dictate what people need to do. In 1970s, performance improvement was based on meeting financial target rather than on effectiveness. Between 1980 and present, there have been variations in the application of budgeting and budgetary control though the concept remain relatively the same. No doubt, the proper application of budgeting and budgetary control can lead to improved corporate profitability. However, care must be taken so that customers' satisfaction will not be sacrificed in the Alter of budget attainment, as repeat business, which simply means that continuous patronage is a sure way to maximize company's revenue.

Overall Rating

0.0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

AGWAMBA, C (2021). Application Of Budgeting And Budgetary Control On Improving Corporate Profitability (A Study Of Nigerian Bottling Company Plc, Aba). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/application-of-budgeting-and-budgetary-control-on-improving-corporate-profitability-a-study-of-nigerian-bottling-company-plc-aba-7-2

MLA 8th

CHIBUISI, AGWAMBA. "Application Of Budgeting And Budgetary Control On Improving Corporate Profitability (A Study Of Nigerian Bottling Company Plc, Aba)" Mouau.afribary.org. Mouau.afribary.org, 18 Aug. 2021, https://repository.mouau.edu.ng/work/view/application-of-budgeting-and-budgetary-control-on-improving-corporate-profitability-a-study-of-nigerian-bottling-company-plc-aba-7-2. Accessed 28 Nov. 2024.

MLA7

CHIBUISI, AGWAMBA. "Application Of Budgeting And Budgetary Control On Improving Corporate Profitability (A Study Of Nigerian Bottling Company Plc, Aba)". Mouau.afribary.org, Mouau.afribary.org, 18 Aug. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/application-of-budgeting-and-budgetary-control-on-improving-corporate-profitability-a-study-of-nigerian-bottling-company-plc-aba-7-2 >.

Chicago

CHIBUISI, AGWAMBA. "Application Of Budgeting And Budgetary Control On Improving Corporate Profitability (A Study Of Nigerian Bottling Company Plc, Aba)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/application-of-budgeting-and-budgetary-control-on-improving-corporate-profitability-a-study-of-nigerian-bottling-company-plc-aba-7-2

Related Works
Please wait...