Budget And Budgetary Control As A Tool For Efficient And Effective Business Decision (A Case Study Of Saclux Paint Company, Umuahia)
ABSTRACT
This study is on "Budget and budgetary control as a
tool for efficient and effective business decision". The study became
necessary as a result of several problems faced by business organizations
resulting from poor planning based on these problems, the data so• colloted
were analyzed using then descriptive statistic involving the use of frequencies
and percentages. The test of hypothesis was carried out using the t-test
statistic of Pearson product moment correlation co-efficient method of testing
hypothesis. Findings reveal that budgeting in business organization can help co
ordinate operations, optimize the utilization of resources. It vias revealed
that budget and budgetary control could help in appraising and controlling
performance. Useful recommendations have been made based on the findings which
if practicalised will be of great benefit to business enterprises. The
following recommendations are made by the researcher; Business firms should as
a matter of necessity prepare periodic budget to guide their operations.
Management should educate departmental heads on the budget and budgetary
control systems f' the corporation. This would enable them to understand the
importance of budgeting and minimize cost. Adherence to budgetary provisions
should be practiced by top management. This is because f arbitrary actions are
taken by them, the realization of the budget would be mpossible.
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MICHAEL, U (2021). Budget And Budgetary Control As A Tool For Efficient And Effective Business Decision (A Case Study Of Saclux Paint Company, Umuahia). Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-efficient-and-effective-business-decision-a-case-study-of-saclux-paint-company-umuahia-7-2
UNIVERSITY, MICHAEL. "Budget And Budgetary Control As A Tool For Efficient And Effective Business Decision (A Case Study Of Saclux Paint Company, Umuahia)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 26 Oct. 2021, https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-efficient-and-effective-business-decision-a-case-study-of-saclux-paint-company-umuahia-7-2. Accessed 25 Nov. 2024.
UNIVERSITY, MICHAEL. "Budget And Budgetary Control As A Tool For Efficient And Effective Business Decision (A Case Study Of Saclux Paint Company, Umuahia)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 26 Oct. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-efficient-and-effective-business-decision-a-case-study-of-saclux-paint-company-umuahia-7-2 >.
UNIVERSITY, MICHAEL. "Budget And Budgetary Control As A Tool For Efficient And Effective Business Decision (A Case Study Of Saclux Paint Company, Umuahia)" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/budget-and-budgetary-control-as-a-tool-for-efficient-and-effective-business-decision-a-case-study-of-saclux-paint-company-umuahia-7-2