Budget and budgetary control as an aid to management decision making Department: Banking and Finance By: sifypatprojects Project ID: 4740 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThe project focused on budget and budgetary control as an aid to management decision making, a case study of First Bank of Nigeria plc. The problem of this research is the problem of choice and resource allocation as the core cause of business disequilibrium. Most manufacturing firms have problems with allocation, distribution and control of resources on their production floor. The objective of the study is to assess the relationship between budgeting and managerial planning and control, to highlight the consequences of poor budgeting on managerial planning and control and to determine the role of budgeting in management's decision making. 200 Staff of First bank of Nigeria plc were used in the formulation of the sample which consists of adults and teenagers. Descriptive survey research method was employed in the data presentation using simple percentages. A total of 133 copies of questionnaires were distributed. The questionnaires were the instrument for data collection and from findings, only 120 copies were retrieved out of the 133 copies administered. Results from the study showed that there is a relationship between budgeting and managerial planning and control, it was recommended that Management and members of the budget committee should establish clear-cut corrective actions that would be taken whenever there is a difference in the variance analysis. The corrective measure to be taken whenever the budget is not adhered to should be clearly stated and known to everyone that is affected by the budget....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)