Budget And Budgetary Control As A Tool For Effective Planning Of Profitability (A Study Of Dangote Group Plc)
ABSTRACT
Budget and budgetary control as a proven management tool,
has helped organization management and has enhanced the performance of the
economy by improving it in different ways. Its primary function is to serve as
a guide in financial planning operators; it also establishes limits for
departmental excesses. It also helps administrative officials to make careful
analysis of all existing operations, thereby justifying, expanding eliminating
or restricting present practice (Musselman and Hughes, 1981). A family budget
is drawn to reflect the amount of money that should be spent on food, clothing,
school fees, healthcare and so on, based on the expected income of the family
breadwinner so that expenditure will not exceed the income for profitability.
In the same manner, public and private organizations draw up periodic budget on
income and expenditure reflecting their operational patterns relative to their
goals and objectives, which is why a nation should determine its priorities in
light of its available resources and this is usually done through a budget.
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OZUAH, I (2021). Budget And Budgetary Control As A Tool For Effective Planning Of Profitability (A Study Of Dangote Group Plc). Mouau.afribary.org: Retrieved Nov 28, 2024, from https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-effective-planning-of-profitability-a-study-of-dangote-group-plc-7-2
IHEZI, OZUAH. "Budget And Budgetary Control As A Tool For Effective Planning Of Profitability (A Study Of Dangote Group Plc)" Mouau.afribary.org. Mouau.afribary.org, 20 Sep. 2021, https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-effective-planning-of-profitability-a-study-of-dangote-group-plc-7-2. Accessed 28 Nov. 2024.
IHEZI, OZUAH. "Budget And Budgetary Control As A Tool For Effective Planning Of Profitability (A Study Of Dangote Group Plc)". Mouau.afribary.org, Mouau.afribary.org, 20 Sep. 2021. Web. 28 Nov. 2024. < https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-effective-planning-of-profitability-a-study-of-dangote-group-plc-7-2 >.
IHEZI, OZUAH. "Budget And Budgetary Control As A Tool For Effective Planning Of Profitability (A Study Of Dangote Group Plc)" Mouau.afribary.org (2021). Accessed 28 Nov. 2024. https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-effective-planning-of-profitability-a-study-of-dangote-group-plc-7-2