Home»Accountancy» Budgeting and budgetary control in business organisations - case study of Emenite Nigeria limitied, Emene Enugu

Budgeting and budgetary control in business organisations - case study of Emenite Nigeria limitied, Emene Enugu

 Department: Accountancy  
 By: usericon Arinze1  

 Project ID: 5098
   Rating:  (3.3) votes: 6
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This research work was conducted with special reference to the budgetary system of Emenite Nigeria Limited with the view to ascertain the major role budgets play in the achievement of profitability for an organization. Budget as a profit planning device sets standards of performance of manager, while budgetary control is a tool implored by management to keep track of actual performance to ensure budgeted standards are achieved. In the course of this research work, 40 managers were taken as sample population. Data is obtained through personal interviews and the administration of questionnaires secondary data source is also implored. Data collected is subject to the chi-square test in order to prove or disprove the hypothesis therein. The analysis of the finding indicates that Emenite Nigeria Limited has a formal system of budgeting and does attach incentives for the attainment of budgetary goals....
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