Evaluation Of Budget And Budgetary Control As A Managerial Tool For Planning And Control (A Case Study Of First Bank Nigeria):- Benson Favour A
ABSTRACT
The study reviewed the theory of budgeting and how
budgetary control can impact on the performance of First Bank. It stresses the
usefulness of budgeting and budgetary controls in management efficiency and
profitability. The major problems are the inability of organizations to plan
and accomplish goals which can be traced to their inability to apply controls
and efficiency in the budgeting system. The objective was to evaluate budget
and budgel ar’ control as ci managerial tool for planning and control. The
study utilized descriptive and retrospective research designs, Primary data
(Questionnaire) were used. A population study of the 25 staffs of First Bank
Plc. Umuahia Branch was carried out with a sample size of 23 which was
determined using Taro Yamen Formula of finite population. Ethical
considerations of this study ensured confidentiality on part of respondents and
set clear researchers purpose to all respondents. Data were analyzed using the
Pearson Correlation Method of data analysis and presented carefully in form of
frequency tables and charts Findings show that budget implementation affects
actual performance of an organization. Based on the findings, the researcher
recommends that institutions should adopt a method or strategies that are easy
to understand by their managers and staff.
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BENSON, A (2024). Evaluation Of Budget And Budgetary Control As A Managerial Tool For Planning And Control (A Case Study Of First Bank Nigeria):- Benson Favour A. Repository.mouau.edu.ng: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-budget-and-budgetary-control-as-a-managerial-tool-for-planning-and-control-a-case-study-of-first-bank-nigeria-benson-favour-a-7-2
ADAEZE, BENSON. "Evaluation Of Budget And Budgetary Control As A Managerial Tool For Planning And Control (A Case Study Of First Bank Nigeria):- Benson Favour A" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 07 Mar. 2024, https://repository.mouau.edu.ng/work/view/evaluation-of-budget-and-budgetary-control-as-a-managerial-tool-for-planning-and-control-a-case-study-of-first-bank-nigeria-benson-favour-a-7-2. Accessed 24 Nov. 2024.
ADAEZE, BENSON. "Evaluation Of Budget And Budgetary Control As A Managerial Tool For Planning And Control (A Case Study Of First Bank Nigeria):- Benson Favour A". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 07 Mar. 2024. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-budget-and-budgetary-control-as-a-managerial-tool-for-planning-and-control-a-case-study-of-first-bank-nigeria-benson-favour-a-7-2 >.
ADAEZE, BENSON. "Evaluation Of Budget And Budgetary Control As A Managerial Tool For Planning And Control (A Case Study Of First Bank Nigeria):- Benson Favour A" Repository.mouau.edu.ng (2024). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-budget-and-budgetary-control-as-a-managerial-tool-for-planning-and-control-a-case-study-of-first-bank-nigeria-benson-favour-a-7-2