BUDGETING AND BUDGETARY CONTROL IN A BUSINESS ORGANIZATION (A CASE STUDY OF AFRI BANK NIGERIA PLC. ILORIN)

PROPOSAL

In carrying out on investigation into an Afri -Bank of Nigeria plc, the major objective of any business Organization is base on profit maximization and improved future which leads to use of budgeting and burglary control, business organization to enhance growth and survival of the organization.

Chapter one of  this project work : Will explain what  study  of background  is all about the statement  of problems,  the aims and objectives of the study , the significant  and scope of the study , the limitation and research hypothesis and definition of terms and concept.

Chapter two: Will review the relative literature e.g the Historical development, meaning and usefulness of budgeting and budgetary control in business   organization,

Types and budgeting process, preparation and administration of budget, fundamental  principles and budget implementation  and control including  Budgetary improvement   techniques.

Chapter three: this chapter will expose the research   methodology ie research design, characteristic of the study population, sampling method, research instrument and as well method of data process.

Chapter four of this project work will simply talk of presentation interpretation and analysis of  it shows  that the organization’s  staff  agreed that  the organization prepare budget.

Chapter five: This will be the last chapter of the research work and it‘ll summary, conclusion and recommendation and questionnaire, the reliant and useful point of action that will solve the study problems.

CHAPTER ONE

TABLES OF CONTENT

INTRODUCTION

1. Background of the study
   1. Statement of the problem
   1. Aims and objective of the study
   1. Significant of the study
   1. Scope of the study
   1. Limitation of the study
   1. Research hypothesis
   1. Definition of terms and concepts

CHAPTER TWO

LITERATURE REVIEW

2.1   Introduction

2.2   Historical development of budgeting

2.3   Meaning of budget, budgeting and budgetary control

2.4   Usefulness of budgeting in business organization 

2.5   Types of budget

2.6   Preparation and administration of budget

2.7   Budgeting and administration of budget

2.8   Fundamental principles of budget

2.9   Budgetary   improvement techniques

2.10 Budget implementation and control

CHAPTER THREE

3.1   Research methodology

3.2   Characteristics of the study population

3.3   Sampling method

3.4   Research instrument

3.5   Method of data process

3.6   Questionnaires

CHAPTER FOUR

PRESENTATION INTERPRETATION AND ANALYSIS

• Presentation of data
  • Analysis of data

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

• Summary
  • Conclusion
  • Recommendation

References

CHAPTER ONE

1. BACKGROUND  OF THE STUDY

The fundamental question which should be asked about any enterprises is “How well is it doing?” ad his can be rightly answered accessing the extent to which the objectives of the enterprises are achieved.

The major objectives of the enterprises are achieved, base on profit maximization and improved future profit tend to enhance growth and survival. The increasing complexity of the   business and ever changing condition of the business environment, social environment technological   and political changes have made companies investors and management to realize the need for new techniques to protect and improve performance.

To achieve the Afro- mentioned objects it becomes imperative for management of business organization to develop ways of attaining them.

The available instrument at Management’s disposal is the adoption of adequate planning and control. one of the basic  device  used  in planning and  controlling the activities of business enterprise is by means of financial  standard and management  of budgeting and  budgetary  control.

To many the terms can not retraining influence on action service the needs or opportunity which the enterprise   would like to service budgeting remains the most tactical budget is essentially on agenda setting. It is carefully designed, packaged and aimed at achieving the goals and objective  of business organization  or individual with the limited resources at their disposal.

According to fubara( 1988) in his book “ business management  principle and strategies.

He further and described budgeting is a means of utilizing collective knowledge of an enterprise to prepare  a co-ordinate  plan for future activities.

Budgeting control is a techniques that emphasizes control of plan by companing actual result against target to identify variance upon which corrective measure should be taken to improve the performance of the enterprises. The primary function of business organization is production of goods and services  and make it  available  for the consumers when ever is needed. All these functions are performed in order to achieve the organizations goals which is profit maximization. Performances are evaluated based on the actual result.