Budgeting - a systematic approach of profit planning and control Department: Accountancy By: AdeleyeJoshua Project ID: 9617 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThis study is on Budgeting: A systematic approach to profit planning and control with a particular focus on MTN, Kogi State. The major objective of this project is to assess the importance of budgeting as a tool for planning and control in the operations of telecommunication company and to know whether budgeting can serve as an approach to profit planning and control in an organization. The methodology adopted for data collection was the survey method, using both primary and secondary sources. The major instrument used to gather data from primary sources is the questionnaire. From a population of 120, a sample size of 92 respondents was selected using Taro Yamane's formula. Findings show that budgeting can serve as a systematic approach to profit, planning and control in mobile telecommunications, and budgeting can enhance organizational productivity and profitability. In view of the findings, it was recommended that an organization should pay attention to the human side of budgeting. It is also important for an organization to make realistic forecasts, sound planning and a good budget, which should ensure the introduction of an accounting system that will guarantee appropriate checks and balances. Management should ensure the introduction of an accounting system that will guarantee appropriate checks and balances. ...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»The impact of development finance institutions (DFIS) in economic development of Nigeria»Auditing in Nigeria companies, problems and prospects»Effect of misrepresentation of information in a financial statement»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»The effects of computerized accounting system on the performance of banking industry in Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )