ABSTRACT
Budgeting and budgetary control
techniques are very important aspects of financial and operational planning
tools that form the basic guides for achievement of desired organizational
objectives. Many large Corporate enterprises normally utilize these tools by
making them a priority before commencing a new year or periods activities,
based on reasonable forecasts of the general economic environments and
governmental. policy variables. But most often, many small and medium
enterprise do• not bother making their new year plans with well formulated and
articulated budget that cover most important areas of their activities, taking
into account the key factors that drive or constrain them. This neglect of
budgetary preparations as planning tool is virtually the cause of poor
performance of such firms in terms of profitability and activity levels too.
This study was carried out on five manufacturing firms in Aba Abia selected for
the purpose. Having heighted on the literature aspects of the issue, one
hundred and fifty management staff of the firms were issued with questionnaire;
138 properly completed and returned. The data analysed were applied in testing
the key hypotheis - the inability of business organisations to adopt budgeting
and budgetary techniques has no effect on management control; and that there is
no significant relationship between effective use of budgeted activities and
profitability of the business over time. The result of the tests, having
adopted Simple Regression test technique with population proportion proved all
positive with rejection of the Null Hypothesis. This Researcher therefore
recommended a more improved, otherwise modernized approaches in budget
formulation and preparation, using the services of information technology where
necessary to achieve the best from the exercise.
JAMES-AHUCHOGU, 0 (2021). Budgeting And Budgetary Technique As Tool For Management Control (A Study Of Selected Manufacturing Firms In Aba Abia State). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/budgeting-and-budgetary-technique-as-tool-for-management-control-a-study-of-selected-manufacturing-firms-in-aba-abia-state-7-2
0, JAMES-AHUCHOGU. "Budgeting And Budgetary Technique As Tool For Management Control (A Study Of Selected Manufacturing Firms In Aba Abia State)" Mouau.afribary.org. Mouau.afribary.org, 03 Sep. 2021, https://repository.mouau.edu.ng/work/view/budgeting-and-budgetary-technique-as-tool-for-management-control-a-study-of-selected-manufacturing-firms-in-aba-abia-state-7-2. Accessed 01 Nov. 2024.
0, JAMES-AHUCHOGU. "Budgeting And Budgetary Technique As Tool For Management Control (A Study Of Selected Manufacturing Firms In Aba Abia State)". Mouau.afribary.org, Mouau.afribary.org, 03 Sep. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/budgeting-and-budgetary-technique-as-tool-for-management-control-a-study-of-selected-manufacturing-firms-in-aba-abia-state-7-2 >.
0, JAMES-AHUCHOGU. "Budgeting And Budgetary Technique As Tool For Management Control (A Study Of Selected Manufacturing Firms In Aba Abia State)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/budgeting-and-budgetary-technique-as-tool-for-management-control-a-study-of-selected-manufacturing-firms-in-aba-abia-state-7-2