Effect Of Budgeting And Budgetary Control On The Profitability Of Public Enterprise (A Case Study Of Enugu Electrical Distribution Company):- Nwogwugwu Philip
ABSTRACT
This
research is aimed at evaluating the effect of budgeting and budgetary control
on the profitability of public enterprise: A case study of Enugu Electrical
Distribution Company, Abuja. Budgeting according to (CIMA) is defined as a
formal plan of action expressed in monetary and quantitative terms prepared and
approved prior to a defined period for the purpose of attaining a given
objectives. This research identifies how budgeting and budgetary control can
affect the profitability of public enterprise. Therefore to achieve the aim of
this research. The researcher collected data from EEDC PLC, Abuja, FCT and
researcher hypothesis were tested using simple regression technique. The study
reveals that budgeting and budgetary control is widely recognised means of
ensuring optimally, efficiency and effectiveness in resource use. Thus, it is
obvious from the findings ofthis study that inspite of the harsh and often
unpredictable economic environment in which these organizations operate,
budgeting has proved an indispensable managerial tool at their disposed for the
attainment of corporate goals. Top management should always be proactive and
display a high level of genuine commitment since lack of top management
commitment could jeopardize the success of the entire system. Budgets should
always be properly analyzed and appraised before implementation. More-so, a
continuous follow-up mechanism should be put in place to monitor the progress
and make adjustments when and where necessary.
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NWOGWUGWU, P (2024). Effect Of Budgeting And Budgetary Control On The Profitability Of Public Enterprise (A Case Study Of Enugu Electrical Distribution Company):- Nwogwugwu Philip. Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-budgeting-and-budgetary-control-on-the-profitability-of-public-enterprise-a-case-study-of-enugu-electrical-distribution-company-nwogwugwu-philip-7-2
PHILIP, NWOGWUGWU. "Effect Of Budgeting And Budgetary Control On The Profitability Of Public Enterprise (A Case Study Of Enugu Electrical Distribution Company):- Nwogwugwu Philip" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 09 Jul. 2024, https://repository.mouau.edu.ng/work/view/effect-of-budgeting-and-budgetary-control-on-the-profitability-of-public-enterprise-a-case-study-of-enugu-electrical-distribution-company-nwogwugwu-philip-7-2. Accessed 23 Nov. 2024.
PHILIP, NWOGWUGWU. "Effect Of Budgeting And Budgetary Control On The Profitability Of Public Enterprise (A Case Study Of Enugu Electrical Distribution Company):- Nwogwugwu Philip". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 09 Jul. 2024. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-budgeting-and-budgetary-control-on-the-profitability-of-public-enterprise-a-case-study-of-enugu-electrical-distribution-company-nwogwugwu-philip-7-2 >.
PHILIP, NWOGWUGWU. "Effect Of Budgeting And Budgetary Control On The Profitability Of Public Enterprise (A Case Study Of Enugu Electrical Distribution Company):- Nwogwugwu Philip" Repository.mouau.edu.ng (2024). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-budgeting-and-budgetary-control-on-the-profitability-of-public-enterprise-a-case-study-of-enugu-electrical-distribution-company-nwogwugwu-philip-7-2