Home»Accountancy» The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )

The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )

 By:usericon vicbest01  

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This study was carried out in order to find out the impact of budget and budgeting control in tertiary institution which are non-profit making organizations used Imo state university as it case study. However, budgets are said to be a quantitative expression of plans, either physically or in financial terms or both. It could also be said to be a method for translating the goals and strategies of an organization into operational terms. Due to the importance of budget and its control in organization. The study investigated how tertiary institutions with particular reference and controlled to meet target goals. Furthermore, in the process of carrying out the study a total of 40 subjects were involved in the study. There are line (9) facilities in the university but due to limitations in both time and finance, the researcher were only able to sample for faculties which were randomly selected and only the senior staff members of the four faculties selected were targeted. Finally, from the data collected and analyzed, the researcher discovered that budget and budgeting control as a management techniques can be applied in educational institutions showing that budget and budgeting control is important in non-profit making organization as it is in profit making organization, it is also used as a corrective mechanism through the duties and by ensuring that authorization and approval of all concerned in the preparation of budgets are fully carried out. ...
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