Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

IMPACT OF BUDGETING CONTROL ON PROFITABILITY OF AN ORGANIZATION (A STUDY OF SAMSUNG ELECTRONICS NIGERIA PLC)

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 80 ::   Attributes: Data Analysis, table of content, abstract, references ::   4,132 people found this useful

Project Body:

ABSTRACT

This study examined the impact of budgetary control on profitability of an organization. Thus, the importance of budgetary cannot be emphasized in business organization, as management needs to embark on budget to effect proper planning and control. In this vein, budgeting can be seen as a process of planning and control. Proper budgeting can never affect efficient plans of organization without control. Thus, the desire to examine whether budgetary control is practicable in Samsung Electronics Nigeria Plc ignited this study. To achieve this objective, four research questions and two research hypotheses were formulated to guide this study. A well structured questionnaire was used as the major instrument to gather data from the 70 staff and management of Samsung Electronics Nigeria Plc and a sample size of 60 were randomly selected. The data collected from the respondents were analyzed using simple percentage and Chi-square statistical tool was employ for testing the hypotheses. The study concluded with some recommendations that the management of Samsung Electronics Nigeria Plc should make use of budgetary control to avoid failure in business.

TABLE OF CONTENTS

Cover Page –        –        –        –        –        –        –        –

Title Page    –        –        –        –        –        –        –        –

Certification         –        –        –        –        –        –        –        –

Dedication  –        –        –        –        –        –        –        –

Acknowledgements        –        –        –        –        –        –

Abstract      –        –        –        –        –        –        –        –

Table of Contents –        –        –        –        –        –        –

Chapter One: Introduction

1.1     Background of the Study        –        –        –        –        –

1.2     Statement of the Problem        –        –        –        –        –

1.3     Objectives of the Study  –        –        –        –        –

1.4     Research Questions       –        –        –        –        –

1.5     Research Hypotheses     –        –        –        –        –

1.6     Significance of the Study         –        –        –        –        –

1.7     Scope of the Study        –        –        –        –        –        –

1.8     Limitation of the Study  –        –        –        –        –

1.9     Definition of Terms       –        –        –        –        –

Chapter Two: Review of Related Literature

2.1     Introduction                   –        –        –        –        –        –

2.2     Theoretical framework   –        –        –        –        –

2.3     Concept of budget         –        –        –        –        –        –

2.4     Meaning of budget                   –        –        –        –        –

2.5     Purpose of budgeting     –        –        –        –        –

2.6     Types of government budget   –        –        –        –

2.7     Conditions for effective budgeting control system         –

2.8     Problems of budgeting   –        –        –        –        –

2.9     Essential of budgeting control –        –        –        –

2.10   Behavioural aspect of budgetary planning and

Control      –        –        –        –        –        –        –

Chapter Three: Research Methodology

3.1     Introduction                   –        –        –        –        –        –

3.2     Research Design   –        –        –        –        –        –

3.3     Area of the Study –        –        –        –        –        –

3.4     Population of the Study –        –        –        –        –

3.5     Sample Size and Sampling Techniques      –        –

3.6     Instrument for Data Collection         –        –        –        –

3.7     Method of Data Collection      –        –        –        –

3.8     Method of Data Analysis        –        –        –        –        –

Chapter Four: Presentation, Analysis and Interpretation of Data

4.1     Introduction         –        –        –        –        –        –        –

4.2     Presentation and Analysis of Data    –        –        –

4.3     Testing of Hypotheses   –        –        –        –        –

4.4     Discussion of Findings  –        –        –        –        –

Chapter Five: Summary, Conclusion and Recommendations

5.1     Introduction         –        –        –        –        –        –        –

5.2     Summary    –        –        –        –        –        –        –

5.3     Conclusion –        –        –        –        –        –        –

5.4     Recommendations         –        –        –        –        –        –

References  –        –        –        –        –        –        –

Appendices –        –        –        –        –        –        –

 

 

 

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

The process of preparing and using budget to achieve management objectives is called “budgeting”. Budgeting is an essential element which is vital to management accounting technique which can benefit all aspect of business if it is understood and properly used. The growing complexity of the business environment and the ever increasing competition among firms in the modern time makes planning and budgeting inevitable tool for business success (Lucey 2010).

Successful management is no longer just a matter of flair, skill and determination, a conscious effort is needed to harness available resources towards the achievement of enterprise objectives (Pandy, 1985). Therefore budgeting is one of the tools adopted by management for effective cost planning, control and increase in productivity.

Wildarsky (1984:213) argued that because a budget served diverse purposes, it mean different things to different people, among the various possible interpretations given by him include; it is a plan, it is a prediction, and it is a link between financial resource and human behavior to accomplish policy objectives. Also, it is a mechanism for making choices among alternative expenditure.

Rufus Wizon (2012) observed that without a budget a business may in order aim lessely. It may never know where it is going or where it should go. Even with a budget a business may not reach its planned objectives or destination, but the exercise of budgetary control will note the deviation from the plan and thus provide the opportunity for necessary corrective action. The making of such plans and the continuous review and execution are the essence of budgetary control.

Batty (1982), defined budgetary control as a system which uses budgets as a means of planning and control-ling all aspects of producing and or selling commodities or services. This is true as we tend to prepare revenue and expenditure variance analysis to be able to deduce areas of divergences for which the management needs to watch to avoid embarrassment as any adverse variance will translate into inability to meet the corporate objective which will eventually lead to disagreement with stakeholders.

 

1.2     STATEMENT OF THE PROBLEM

Most often budget and budgetary control research concentrated on its impact in the Federal Government budget and its attempt to control the use of public fund. There is no doubt that some other write-ups on budget and budgetary control has concentrated greatly on profit oriented organization, the issue failed to emphasize on the issue of budgetary control which is the bedrock for which budget implementation could be more effective and plans realization efficient.

Budgets are attention directed and forward looking on financial statement. Budget tends to ensure goal congruence and elicit managerial efforts which are both wrapped up in motivation. Budgets relate to objectives and policies to managerial responsibilities, and facilitate accountability. In profit seeking organization budgetary control provide relevant information relating to what the organization wants to achieve and the measure it would adopt to translate its plans into reality. Time has come to direct our searching eyes of budgeting to budgetary control in our manufacturing companies.

 

1.3     OBJECTIVES OF THE STUDY

          The objective of the study is based on the statement raised in the preceding paragraph. They are:

To examine the impact of budgetary control on profitability in an organization. To determine whether budgetary control is practicable in Samsung Electronics Nigeria Plc. To find out the benefits of budgetary control to shareholders of an organization. To find out whether budgetary control has been implemented in Samsung Electronics Plc. To make useful recommendations based on research findings

1.4     RESEARCH QUESTIONS

The following research questions are generated to guide this study:

What are the impacts of budgeting control of profitability in an organization? Does budgetary control is practicable in Samsung Electronics Nigeria Plc? What are the benefits of budgeting control to shareholders of Samsung Electronics Nigeria Plc? Has budgetary control been implemented in Samsung Electronics Nigeria Plc?

 

1.5     RESEARCH OF HYPOTHESES

          The following research hypotheses were formulated to guide this study.

Hypothesis 1

H0:     There is no significant relationship between budgeting control and profitability in an organization

Hypothesis 2

H0:     There is no significant relationship between budgetary control and the benefits to shareholders in Samsung Electronics Nigeria Plc.

 

1.6     SIGNIFICANCE OF THE STUDY

It is the major way in which the organizational objectives are translated into specific plans, tasks and objectives related to individual manager and supervisors; it should provide clear guidelines for current operations.

It is an important medium of communication for organizational plans and objective and of the progress towards meeting these objectives.

The development of budgets helps to achieve, co-ordinate the various departments and functions of the organization.

Performance at all levels is systematically reported and monitored thus aiding the control of current activities.

 

 

1.7     SCOPE OF THE STUDY

          This study centered on the impact of budgeting control on profitability of an organization with a particular focus on Samsung Electronics Nigeria Plc.

 

1.8     LIMITATIONS OF THE STUDY

One of the major problems encountered in the course of this study was difficulty in obtaining data from the management body of the organization due to fear of disclosing their management strategies to competitors. Time constraints were also a problem in the course of this research work.

 

1.9     OPERATIONAL DEFINITION OF TERMS

PLANNING: Planning is defined as the activity where the managers analyzed the present conditions to determine the way of reaching a desired future state. FORECASTING: This is the procedures and techniques for predicting condition or event that are expected to prevail in the future. BUDGETING: This is a formulation of plans in a given period in numerical term. BUDGET: This is defined as a future plan of action for the whole organization or a section there of, which is expressed in monetary term. BUDGETARY CONTROL: This is the establishment of budget, relating to the responsibility of the executives to the requirement of the policy and the continuous comparism of actual performance with budgeted level so as to secure either by individual or collective action the objective of such policies.


Get The Complete Project »

Project Department:

MORE ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED ACCOUNTING FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

AN APPRAISAL OF THE IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF ACCESS BANK)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Secondary data, Data Analysis,Abstract  ::   14777 engagements

CHAPTER TWO REVIEW OF RELATED LITERATURE Electronic banking in Nigeria has overtime been viewed by many especially economists as having a lot of implications on the economy of Nigeria and especially...Continue reading »

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 75 ::   Attributes: Questionnaire, Data Analysis, Abstract  ::   12170 engagements

ABSTRACT The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case study. the study disclosed that th...Continue reading »

AN EVALUATION OF THE PERFORMANCE OF NIGERIAN STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIA ( A CASE STUDY OF NIGERIAN STOCK EXCHANGE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7501 engagements

HISTORICAL BACKGROUND OF THE NIGERIA STOCK EXCHANGE IN THE ECONOMIC DEVELOPMENT OF NIGERIAN. The nigeria stock excahnge denoted by NSE is a government establishment where stocks are traded on a daill...Continue reading »

APPLICATION OF BUDGETS AND BUDGETARY CONTROL MEASURES IN A NON-PROFIT ORGANIZATION: A CASE STUDY OF APOSTOLIC CHURCH, DELTA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   8456 engagements

2.1 CONCEPTUAL FRAMEWORK A budget is can be defined by accountants as “a planned outcome to be generated and for the expenditure to ensure during that period and the capital to be employed to a...Continue reading »

ASSESSING BOOK-KEEPING PRACTICES OF SMALL AND MEDIUM SCALE ENTERPRISES IN CALABAR LOCAL GOVERNMENT AREA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 69 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7650 engagements

ABSTRACT The economy of Nigeria cannot function properly or thrive without the micro, small and medium scale enterprises (SMEs). These small scale enterprises cannot function properly if they are not ...Continue reading »

ASSESSMENT OF ADEQUATE RISK RECOGNITION AND MANAGEMENT IN NIGERIAN INSURANCE COMPANIES (A CASE STUDY OF UNION ASSURANCE COMPANY, UYO)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 86 ::   Attributes: Questionnaire, Data Analysis  ::   6353 engagements

THE CONCEPT OF RISK Risk has been the subject of study by different scholars over the years with several meaning and definitions. But the most accepted definitions are that of J.E Banister and P.A Baw...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:80
Attribute:Data Analysis, table of content, abstract, references
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives