Impact Of Budgeting And Budgetary Control On Performance Of Public Enterprise (A Study Of Enugu Electrical Distribution Company)

JOSEPH | 90 pages (23460 words) | Projects

| Co Authors: ONYINYECHI EMMANUELLA

ABSTRACT

This research is aimed at evaluating the effect of budgeting and budgetary control on the performance of public enterprise: A case study of Enugu Electrical Distribution Company, Abuja. Budgeting according to (CIMA) is defined as a formal plan of action expressed in monetary and quantitative terms prepared and approved prior to a defined for the purpose of attaining a given objectives. This research identifies how budgeting and budgetary control can affect the profitability of public enterprise, therefore to achieve the aim of this research. The researcher collected data from EEDC PLC; Abuja. FCT and researcher hypothesis were tested using simple: regression technique. The study reveals that budgeting and budgetary control f is widely recognized means of ensuring optimally, efficiency and effectiveness in resource use. Thus, it is obvious from the findings of this study that in spite of the harsh and often unpredictable economic environment in which ~hese organizations operate, budgeting has proved an indispensable managerial tool at their disposed for the attainment of corporate goals. Top managemenq should always be properly analysed and appraised before implementation. More-so, a continuous follow-up mechanism should be put in place to monitor the progress and make adjustments when and where necessary.

TABLE OF CONTENTS

Declaration 11

Certification m

Abstract x

Chapter One

Introduction 1

Background of the Sr.dy 1

Statement of Problem 3

Objective of the Stud. 3

Research Questions 4

Research Hypotheses 4

Significance of Study 5

Chapter Two

Review of Related Literature 6

Conceptual Framework 6

The Scope of Budget: .. g 8

2..1.2 Preparation of Budge: !

2.1.3 Budgetary Control an.: Responsibility Centre

2.1.4 Budgeting Process 10

2.1.5 The Implementation c< the Budget after the Formulation Stage 11

2. I .6 Characteristics of a i:Ldge: 11

2.2 Theoretical Framewo: ;,: 12

2. ! .1 Type of Budget 14

2.2.2 Brief Historical Background of Electricity Generation in Nigeria 18

2.2.3 Power Sector Reforms In Nigeria 19

2.2.4 Impact of Budget and Budget~ry Control on Public Enterprise 2

2.2.5 Budget Cycle - 'Finding Timd1

2.2.6 Corporate Governance 23

2.2.7 Budgetary Control Techniques 24

2.2.7.1 Zero Base Budgeting (ZBB), 24

2.2.7.2 Planning Programming Budgeting System (PPBS) 2

2.2. 7 .3 Rolling Budget 26

2.2. 7.4 Activity Based Budgeting 26

2.2.7.5 Value-Based Budgeting 27

2.2.8 Function of Effective Budgetary Control 2

2.2.9 Objectives of Budgetary control 2

2.2.10 Need for budgetary control 31

2.2.11 Organizational Performance. 32

2.2.12 The Budget . 2.2.13 Budget Control 37

2.2.14 Purpose of Budget Preparatio~ 39

2.2.,15 Conditions for Effective Budgytary Control System on EEDC 41

2.2.16 Budgetary Control 41

2.2.17 The Process of Budgetary Control 42

2.2.18 Limitation of Budget on Public Enterprise 44

2.2.19 Formulation of Budgeting In Managerial Planning 45

2.2.20 Budget as a Management Tool \for Measuring Performance 45

22.21 Purpose of Performance Measurement in Public Enterprise 46

2.2.22 Reasons for Measuring Financial Performance 47

2.2.23 Benefits of a Budget 48

2.2.24 The Concept of Internal. Control for Effective Budget 49

2.2.25 The Need for Internal Control 50

2.26 Internal Control tips for Public Enterprises 50

2.2.27 Problems of Internal Control; 50

2.3 Empirical Framework of Budgetary Control 52

Chapter Three

Research l\tlethodology 55

3. Research Design 55

3.2 Data source and method of cdllection 55

3.2.1 Data Source 55

Method of data collection 56

Population of the Study 5

3.4 Sample Size and Technique 57

3.4.1 Sample Size 57

3.4.2 Sample Technique 58

3.5 Model Specification 59

3.6 Data Analysis 59

3.7 Validation of instrument 60

3.8 Reliability of instrument 60

3.9 Limitation of the study 61

Chapter Four

Data presentation, analysis and discussion of findings 62

4.1 Data presentation 62

4.2 Analysis of Data 66

4.3 Test of Hypothesis 70

4.4 Discussion of findings 71

Chapter Five

Summary of findings, conclusion and recommendations 72

5.1 Summary of Findings 72

5 .2 Conclusion 72

5 .3 Recommendations 73

References 75

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APA

JOSEPH (2021). Impact Of Budgeting And Budgetary Control On Performance Of Public Enterprise (A Study Of Enugu Electrical Distribution Company). Mouau.afribary.org: Retrieved Apr 18, 2026, from https://repository.mouau.edu.ng/work/view/impact-of-budgeting-and-budgetary-control-on-performance-of-public-enterprise-a-study-of-enugu-electrical-distribution-company-7-2

MLA 8th

JOSEPH. "Impact Of Budgeting And Budgetary Control On Performance Of Public Enterprise (A Study Of Enugu Electrical Distribution Company)" Mouau.afribary.org. Mouau.afribary.org, 07 Jan. 2021, https://repository.mouau.edu.ng/work/view/impact-of-budgeting-and-budgetary-control-on-performance-of-public-enterprise-a-study-of-enugu-electrical-distribution-company-7-2. Accessed 18 Apr. 2026.

MLA7

JOSEPH. "Impact Of Budgeting And Budgetary Control On Performance Of Public Enterprise (A Study Of Enugu Electrical Distribution Company)". Mouau.afribary.org, Mouau.afribary.org, 07 Jan. 2021. Web. 18 Apr. 2026. < https://repository.mouau.edu.ng/work/view/impact-of-budgeting-and-budgetary-control-on-performance-of-public-enterprise-a-study-of-enugu-electrical-distribution-company-7-2 >.

Chicago

JOSEPH. "Impact Of Budgeting And Budgetary Control On Performance Of Public Enterprise (A Study Of Enugu Electrical Distribution Company)" Mouau.afribary.org (2021). Accessed 18 Apr. 2026. https://repository.mouau.edu.ng/work/view/impact-of-budgeting-and-budgetary-control-on-performance-of-public-enterprise-a-study-of-enugu-electrical-distribution-company-7-2

Impact Of Budgeting And Budgetary Control On Performance Of Public Enterprise (A Study Of Enugu Electrical Distribution Company)

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