Budget And Budgetary Control As A Tool For Efficient And Effective Business Decision (A Case Study Of Saclux Paint Company, Umuahia)

Michael Okpara University | 82 pages (9824 words) | Projects
Accounting | Co Authors: KALU FAVOUR N A

ABSTRACT

This study is on "Budget and budgetary control as a tool for efficient and effective business decision". The study became necessary as a result of several problems faced by business organizations resulting from poor planning based on these problems, the data so• colloted were analyzed using then descriptive statistic involving the use of frequencies and percentages. The test of hypothesis was carried out using the t-test statistic of Pearson product moment correlation co-efficient method of testing hypothesis. Findings reveal that budgeting in business organization can help co ordinate operations, optimize the utilization of resources. It vias revealed that budget and budgetary control could help in appraising and controlling performance. Useful recommendations have been made based on the findings which if practicalised will be of great benefit to business enterprises. The following recommendations are made by the researcher; Business firms should as a matter of necessity prepare periodic budget to guide their operations. Management should educate departmental heads on the budget and budgetary control systems f' the corporation. This would enable them to understand the importance of budgeting and minimize cost. Adherence to budgetary provisions should be practiced by top management. This is because f arbitrary actions are taken by them, the realization of the budget would be mpossible.

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APA

MICHAEL, U (2021). Budget And Budgetary Control As A Tool For Efficient And Effective Business Decision (A Case Study Of Saclux Paint Company, Umuahia). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-efficient-and-effective-business-decision-a-case-study-of-saclux-paint-company-umuahia-7-2

MLA 8th

UNIVERSITY, MICHAEL. "Budget And Budgetary Control As A Tool For Efficient And Effective Business Decision (A Case Study Of Saclux Paint Company, Umuahia)" Mouau.afribary.org. Mouau.afribary.org, 26 Oct. 2021, https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-efficient-and-effective-business-decision-a-case-study-of-saclux-paint-company-umuahia-7-2. Accessed 01 Nov. 2024.

MLA7

UNIVERSITY, MICHAEL. "Budget And Budgetary Control As A Tool For Efficient And Effective Business Decision (A Case Study Of Saclux Paint Company, Umuahia)". Mouau.afribary.org, Mouau.afribary.org, 26 Oct. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-efficient-and-effective-business-decision-a-case-study-of-saclux-paint-company-umuahia-7-2 >.

Chicago

UNIVERSITY, MICHAEL. "Budget And Budgetary Control As A Tool For Efficient And Effective Business Decision (A Case Study Of Saclux Paint Company, Umuahia)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-efficient-and-effective-business-decision-a-case-study-of-saclux-paint-company-umuahia-7-2

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