Budget And Budgetary Control: A Managerial Tool For Planning And Control (A Study Of First Bank Nigeria Plc Umuahia, Abia State)
ABSTRACT
The study reviewed the theory of budgeting and how budgetary
control can impact on the performance of First Bank. It stresses the usefulness
of budgeting and budgetary controls in management efficiency and profitability.
The major problems are the inability of organizations to plan and accomplish
goals which can be traced to their inability to apply controls and efficiency
in the budgeting system. The objective was to evaluate budget and budge1ar'
control as ci managerial tool for planning and control. The study utilized
descriptive and retrospective research designs. Primary data (Questionnaire)
were used. A population study of the 40 staffs of First Bank Plc. Umuahia
Branch was carried out with a sample size of 36 which was determined using Taro
Yamen Formula of finite population. Ethical considerations of this study
ensured confidentiality on part of respondents and set clear researchers
purpose to all respondents. Data were analyzed using the Pearson Correlation
Method of data analysis and presented carefully in form of frequency tables and
charts. Findings show that budget implementation affects actual performance of
an organization. Based on the findings, the researcher recommends that
institutions should adopt a method or strategies that are easy to understand by
their managers and staff.
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OBASI, M (2021). Budget And Budgetary Control: A Managerial Tool For Planning And Control (A Study Of First Bank Nigeria Plc Umuahia, Abia State). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-a-managerial-tool-for-planning-and-control-a-study-of-first-bank-nigeria-plc-umuahia-abia-state-7-2
MARYANN, OBASI. "Budget And Budgetary Control: A Managerial Tool For Planning And Control (A Study Of First Bank Nigeria Plc Umuahia, Abia State)" Mouau.afribary.org. Mouau.afribary.org, 22 Sep. 2021, https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-a-managerial-tool-for-planning-and-control-a-study-of-first-bank-nigeria-plc-umuahia-abia-state-7-2. Accessed 01 Nov. 2024.
MARYANN, OBASI. "Budget And Budgetary Control: A Managerial Tool For Planning And Control (A Study Of First Bank Nigeria Plc Umuahia, Abia State)". Mouau.afribary.org, Mouau.afribary.org, 22 Sep. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-a-managerial-tool-for-planning-and-control-a-study-of-first-bank-nigeria-plc-umuahia-abia-state-7-2 >.
MARYANN, OBASI. "Budget And Budgetary Control: A Managerial Tool For Planning And Control (A Study Of First Bank Nigeria Plc Umuahia, Abia State)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-a-managerial-tool-for-planning-and-control-a-study-of-first-bank-nigeria-plc-umuahia-abia-state-7-2