ABSTRACT
This piece of work is on Design and the
Implementation of Budgetary Control System Using The Office of
Accountant-General of the Federation, Federal Ministry of Finance as the case
study. The conventional Method of budgetary Control system was seen to be
associated with many drawbacks. As a result, there is the need to come up with
Design and the Implementation of Budgetary Control system which can help to
overcome these setbacks associated with the conventional method such drawbacks
include making an update of record very slow and this conventional method can also
lead to fraud in accounting system. But with this system, update of record can
be done very fast easy and will also control fraud. This work also shows that a
clearly define budget, both during the early management planning stages and
day-day working budgets, is important. Further, a series of milestones and
outcomes can help the project mangers to maintain budgetary control. This
project work also goes further to explains that the responsibility for
overspending can alternatively lie with customers, the project management team,
or unforeseen outside influence, depending on the reason for the overspending
and can help control this process by effectively using milestones to help
control the budgetary control process by effectively using milestones to help control
the budgetary control this process by effectively using milestones to help
control the budgetary control process. Budgetary control in project management
is a critical component of the success of any project. Of all business
activities, budgeting is one of the most important and, therefore requires
detailed attention. No system of planning can be successful without having an
effective and efficient system of control. Budgeting is closely connected with
control, the -exercise of control in the organization with the help of budgets
is known as budgetary control. a budgetary control system helps to measure the
progress made towards goals, to uncover deviations, to initiate corrective
actions, to know the causes for deviations and hence to avoid leaving things
happen as they happen.
UGOCHUKWU, N (2021). Design And Implementation Of Budgetary Control System. Mouau.afribary.org: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/design-and-implementation-of-budgetary-control-system-7-2
NNEKA, UGOCHUKWU. "Design And Implementation Of Budgetary Control System" Mouau.afribary.org. Mouau.afribary.org, 14 Jul. 2021, https://repository.mouau.edu.ng/work/view/design-and-implementation-of-budgetary-control-system-7-2. Accessed 24 Nov. 2024.
NNEKA, UGOCHUKWU. "Design And Implementation Of Budgetary Control System". Mouau.afribary.org, Mouau.afribary.org, 14 Jul. 2021. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/design-and-implementation-of-budgetary-control-system-7-2 >.
NNEKA, UGOCHUKWU. "Design And Implementation Of Budgetary Control System" Mouau.afribary.org (2021). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/design-and-implementation-of-budgetary-control-system-7-2