An Evaluation Of Budgets And Budgetary Control Systems In Medium Scale Industries

ABSTRACT

In carrying out the research it has been known to the researcher the reason of some of the problems faced by some medium scale industry and it was realized that the English adage that say “If you fail to plan, you plan to fail” is having effect on many of these industries with this the research was able to come up with something useful not only to the medium scale industry but also to any organization whether profit earning organization or non-profit earning organization.

In achieving this objective secondary data is made use of to obtain information. This consists of the use of Journals, Magazines, Textbooks and so many others.

It was also known that management has a very big role to play and their behavior has implication in relation budgeting and control measure.

In conclusion, some summary, findings and recommendation were induced.

TABLE OF CONTENTS

TITLE PAGE I

APPROVAL PAGE II

DEDICATION III

ACKNOWLEDGEMENT IV

ABSTRACT V

TABLE OF CONTENTS VI

CHAPTER ONE

1.1 BACKGROUND OF THE STUDY 1

1.2 STATEMENT OF THE PROBLEMS 3

1.3 OBJECTIVES OF THE STUDY 4

1.4 SIGNIFICANCE OF THE STUDY 5

1.5 THE SCOPE OF THE STUDY 5

1.6 LIMITATIONS OF THE STUDY 6

1.7 DEFINITIONS OF TERMS 7

REFERENCES 10

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.0 INTRODUCTION 11

2.1 MEANING OF BUDGET 11

2.2 PRINCIPLES OF BUDGETING 13

2.3 FORMS OF BUDGET 16

2.4 TYPES OF BUDGET 20

2.5 RATIONALE FOR BUDGETING 26

2.6 BUDGETING CONTROL 28

2.7 RELATIONSHIP BETWEEN BUDGETS AND BUDGETARY CONTROL 29

2.8 TECHNIQUES OF BUDGETARY CONTROL 30

2.9 THE RELEVANCE OF BUDGETARY SYSTEM TO MEDIUM SCALE INDUSTRIES 3I

REFERENCES 33

CHAPTER THREE

3.0 RESEARCH DESIGN AND METHODOLOGY

3.1 SOURCES OF DATA COLLECTION 34

3.2 LOCATION OF DATA 36

3.3 METHOD OF INVESTIGATION 37

REFERENCE 38

CHAPTER FOUR

4.0 SUMMARY OF FINDINGS 39

CHAPTER FIVE

CONCLUSION AND RECOMMENDATION

5.1 CONCLUSION 40

5.2 RECOMMENDATION 41

 BIBLIOGRAPHY 43