A COMPARATIVE STUDY ON EXPENDITURE CONTROL METHODS IN GOVERNMENT AND PRIVATE HOSPITALS. (A STUDY OF UNIVERSITY OF NIGERIA TEACHING HOSPITAL, ENUGU AND TORONTO HOSPITAL ONITSHA)

A COMPARATIVE STUDY ON EXPENDITURE CONTROL METHODS IN GOVERNMENT AND PRIVATE HOSPITALS. (A STUDY OF UNIVERSITY OF NIGERIA TEACHING HOSPITAL, ENUGU AND TORONTO HOSPITAL ONITSHA)

CHAPTER ONE

1.0 INTRODUCTION

1.1 STUDY BACKGROUND

Expenditure control or cost control is under the management control process in each organization. This process is very important for any organization, whether for-profit or non-profit organization making. Thus, the absence of this practice in any organization will result in a misapplication of cash in the cash disbursement process and this will create a very large organization leadership problem in the deficit and in extreme cases, the organization could end. Much research has been conducted in the reason for the dissolution of companies and organization in which the lack of expenditure control procedure was found liable. Expenditure control has been defined as the process by which managers efficiently use the scarce resource in achieving organizational objectives. At this point, let us look at the expenses and control the distinct perspective

1. Spending is the total amount spent on the process of trying to achieve a specific organizational goal. Control means to control, limit, or exclude teach something or someone’s actions. He or organization managers to restrictions on wage increases, emigrate credit and so on (which are all expenses). Respectively, this research work, which is the comparative study of methods for controlling spending on public and private hospitals, a study by the University of Nigeria Teaching Hospital Enugu (UNTH) and the Toronto Hospital and the Onitsha maternity; this implies a comparative study of non-profit organizations that, since UNTH is government property while the Toronto Hospital Hospital is a private property as a for-profit organization category. Non-profit organizations are characterized by the following:

a) There is neither a profit nor a conscious expectation of earning net income.

b) No benefit of any surplus income over expenditure is distributed to those who contributed supported by taxes and voluntary donations.

A COMPARATIVE STUDY ON EXPENDITURE CONTROL METHODS IN GOVERNMENT AND PRIVATE HOSPITALS. (A STUDY OF UNIVERSITY OF NIGERIA TEACHING HOSPITAL, ENUGU AND TORONTO HOSPITAL ONITSHA)