Budgeting as an indispensable instrument for planning and controlling in manufacturing industries Department: Accountancy By: AdeleyeJoshua Project ID: 9618 Rating: (5.0) votes: 1Rate this project12345 Price:₦5000 Get the Complete MaterialAbstractThis study focused on budgeting as an indispensable instrument for planning and controlling in manufacturing, using Unilever Nigeria Plc as the study area. The main objectives of this study are to examine the role of budgeting in management decision-making and to assess the relationship between budgeting and managerial planning and control. Survey research design was adopted in the study. The methods of data collection were primary and secondary methods of data collection. The population of the study is 40, and the findings revealed that budgeting is relevant in management's decision-making, and there is a relationship between budgeting and managerial planning and control. Budgeting and control enhance good planning and performance, proper accountability in a manufacturing company and they also enhance continuous comparison of actual budget results. On the basis of the above findings, it was recommended that budgets should be reviewed on a regular basis to reflect the ever-changing and highly competitive business environment. It is also recommended that efforts should be channeled by the government to remove those problems inhibiting the effectiveness of budgeting so that companies can thrive and improve performance. There is a need for proper control of budgets in manufacturing concerns to minimize losses and maximize profits....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 )