Use Of Budget As An Instrument Of Cash Control In Corporate Management

ABSTRACT

The purpose of the study is to show that budget is an adequate instrument for cash control in corporate management. The research design used in this work was a survey method which includes personal interview, questionnaire etc. The collected data were analyzed in a tabular form using percentage method and the hypothesis was analysed using chisquare (x2) test at 5 percent level of confidence. From the result of this study the following findings were obtained, that the company uses budget as one of the instrument for cash planning and control, that there is a significant difference on whether the use of budget reduces fraudulent practices, that there is a significant difference on the use of budget as cash control instrument, that the use of cash budget aid management in decision making to Considerable extent, that the use of budget promotes corporate performance. Consequent upon the summary of the major findings of this study, it can be argued that budgeting is a veritable tool for cash control in corporate management.