ABSTRACT
Budgeting is therefore a method of
translating the goals of the enterprises into operational terms, disseminating
these goals to the appropriate decision makers and facilitating, coordinating
and controlling actions of the various sub-units within the organizations.
According to Bessong (2005), budgetary control is a quantitative statement for
a defined period of time, which may include planned revenue, expenses, assets,
liabilities and cash flows. He also state that, a budget provides a focus for
the organization, aids the coordination of activities and control. Adeniji
(2004), state that budgetary control is that part of overall system of
responsibility accounting within an organization. It is a system of accounting
in which cost and revenue are analyzed in accordance with areas of personal
responsibilities so that performance of the budget holders can be monitored in
financial terms. The aim of budgetary control is to provide a formal basis for
monitoring the corporate performance of business enterprises as a whole and of
its component parts toward the achievement of the objectives specified to the
planning budgets. Following the fact that the future is very un-static and
changes in business environment relating mostly to external factors such as
socio-economic, political and technological, a lot of business enterprises find
it difficult to continuously earn profit that could provide a fair returns on
the capital invested in the business.
OKEOMA, F (2021). Effect Of Budget And Budgetary Control On The Accountability Of Enugu State Housing Development . Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-budget-and-budgetary-control-on-the-accountability-of-enugu-state-housing-development-7-2
FELICITY, OKEOMA. "Effect Of Budget And Budgetary Control On The Accountability Of Enugu State Housing Development " Mouau.afribary.org. Mouau.afribary.org, 23 Jul. 2021, https://repository.mouau.edu.ng/work/view/effect-of-budget-and-budgetary-control-on-the-accountability-of-enugu-state-housing-development-7-2. Accessed 27 Nov. 2024.
FELICITY, OKEOMA. "Effect Of Budget And Budgetary Control On The Accountability Of Enugu State Housing Development ". Mouau.afribary.org, Mouau.afribary.org, 23 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-budget-and-budgetary-control-on-the-accountability-of-enugu-state-housing-development-7-2 >.
FELICITY, OKEOMA. "Effect Of Budget And Budgetary Control On The Accountability Of Enugu State Housing Development " Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-budget-and-budgetary-control-on-the-accountability-of-enugu-state-housing-development-7-2