Budget And Budgetary Control As A Tool For Effective Planning Of Profitability (A Study Of Dangote Group Plc)

OZUAH CHIMERE IHEZI | 78 pages (10558 words) | Projects

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.

Overall Rating

0.0

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

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 01, 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

MLA 8th

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 01 Nov. 2024.

MLA7

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. 01 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 >.

Chicago

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 01 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

Related Works
Please wait...