BUDGETING: A SYSTEMATIC APPROACH TO PROFIT PLANNING AND CONTROL

Budgeting – A systematic approach to profit planning and control is a work that will be centered on the use of budgeting a tool for planning and control in order to maximize profit using mobile Telecommunication Network Nigeria Limited (MTN) Enugu, as a case study. This research will be carried out through series of oral interviews and distribution of questionnaires in the collection of data and relevant information to the employees of mobile telecommunication Network Nigeria Limited Enugu. The data that will be collected, will be analyzed as well as interpreted by the research from the testing and proofing of hypothesis. The researcher will also source information from secondary data which includes text books, magazines, journals etc. The researcher will be faced with the following constraints: - Insufficient money to distribute as much questionnaires as possible. - Poor response from the employees because they will be afraid of losing their job - Insufficient time In order for the company to achieve their objectives, the researcher will recommend that there should be budgetary control so that workers will be aware of the objective of the organization and subordinates opinion considered in the preparation of the departmental or company’s budget estimate. This will help in encouraging goal congruence.