BUDGETING A SYSTEMATIC APPROACH TO PROFIT PLANNING AND CONTROL A CASE STUDY OF MOBILE TELECOMMUNICATION NETWORK NIGERIA LIMITED MTN ENUGU STATE NIGERIA

ABSTRACT

Budgeting – A systematic approach to profit planning and control is a work centered on the use of budgeting as a tool for planning and control for profit maximization in a mobile telecommunication network Nigeria Limited Enugu as a case study. The objective of the study is to show the importance of budgeting as a tool for systematic profit planning and control in the mobile telecommunication network Nigeria limited which has profit maximization as its principal objective. The research is also aimed at identifying the steps adopted in the formulation of annual budget of MTN Nigeria. Consequent upon this, the following hypothetical question were used for the study. Managers use budgeting as a systematic approach to profit planning and control in attaining the goals of the business. Decision making is performed in mobile telecommunication using budgeting. Utilization of resources is achieved with the use of budget and budgetary control. Following the investigation and analysis of data, the following findings were made. The organization uses budgeting in achieving the goals and objectives. The main objective of the organization is profit maximization. Efficiency and effectiveness of the organization is achieved through the use of budgeting. From the findings, the conclusions were arrived that budgeting is very essential and indispensable tool for profit planning and control.  It helps management to be well structured in sustaining the growth and expansion of the organization.