The role of budgeting in private sector management Department: Banking and Finance By: jessy03 Project ID: 780 Rating: (3.1) votes: 16Rate this project12345 Price:₦1000 Get the Complete MaterialAbstractThe study was about“The Role of Budgeting in Private Sector Management” a case study of Unilever Nigerian Plc. Aba. The study was guided by three objectives that is: To establish the role for budgeting in an organization. To establish the contribution of budgeting on worker performance in terms of time management. To establish the relationship between budgeting and financial performance of the company. A case study research design was used where both quantitative and qualitative methods of data collection and analysis were used. Purposive and simple random sampling was used to get a representative sample sixty. Thematic content analysis was used as the main analysis strategy. Key findings were transformed into themes for analysis and presentation of data. The study found out that there are a number of roles for budgeting in the companies including planning, evaluation of performance, for control purpose, continuous comparison of actual creation of responsibility centers in organizations, that of time management in a way of proper time planning, even distribute the time resources of the employees in the organization in the organization, help the firms to make profits in time, as well as provide direction to the future progress. The researcher concluded that, budgeting contributes greatly on the financial performance of private firms whereby through budgeting, costs are managed and controlled and can realize when costs are high and make some adjustments so that the firms can set targets to met through budgeting and by doing this, cost is managed and controlled for increase in financial performance....Preview Download Preview +Other Banking and Finance project topics and materials you might be interested in»The role of central bank of Nigeria (CBN) in the development of Nigeria financial sector»Appraisal of the economic implication of electronic banking in Nigerian banks (A case study of diamond bank)»The impact of strategic planning on banks performance in Nigeria (A case study of united bank for Africa plc)»Evaluation of the impact of liquidity management on banks performance in Nigeria ( A case study of UBA )»The roles of central bank of Nigeria in the prevention of bank failure or liquidation (A case study of central bank of Nigeria 2005-2009)»The role of financial institutions in promoting banking habit and saving capital formation in Nigeria»The effect of electronic banking on fraud reduction in bank (A case study of access bank plc)»The effectiveness of monetary policy measures in controlling inflation in Nigeria»Problems and challenges facing finance houses in the Nigerian economy ( A case study of mortgage bank owerri )»The role of deposit money bank in Nigeria in economy development in Nigeria - a case study of Access Bank Plc»Motivation as a way of reducing fraud in banking industry ( A case study of UBA and Fidelity bank )»The impact of insurance industry on the economic growth of Nigeria (A case study of nicon and hallmark insurance companies 2005-2009)»Identification and management of bad debts in Nigeria commercial banks(A case study of UBA plc)»The contribution and effect of computer to modern day banking in Nigeria (A case study of zenith bank and first bank plc)»The use of accounting information in assessing control and performance in an organization (A case study of first bank of Nigeria owerri)