THE ROLE OF BUDGETING IN PRIVATE SECTOR MANAGEMENT (A CASE STUDY OF HARDIS AND DROMEDAS, EMEN NEAR ENUGU)


THE ROLE OF BUDGETING IN PRIVATE SECTOR MANAGEMENT (A CASE STUDY OF HARDIS AND DROMEDAS, EMEN NEAR ENUGU)

TABLE OF CONTENT

Title page 

Approval page 

Dedication 

Acknowledgment

Content 

Abstract 

CHAPTER ONE 

1.0 Introduction 

1.1 Background of the study 

1.2 Objective of the study 

1.3 Significant of the study 

1.4 Limitation or scope of the study   

1.5 Definition of terms 

CHAPTER TWO 

2.0 Literature review 

2.1 Summary of Related Literature reviewed 

CHAPTER THREE

3.0 Research methodology 

3.1 Research Design

3.2 Area of study and population 

3.3 Sample and sampling technique 

3.4 Instrument for data collection 

3.5 Reliability and validity of the instrument 

3.6 Method of data collection 

3.7 Method of data analysis 

CHAPTER FOUR 

4.0 Data presentation and analysis 

CHAPTER FIVE 

5.0 Summary, Recommendation, Implication and conclusion  

5.1 Summary 

5.2 Recommendation 

5.3 Implication 

5.4 Conclusion 

References 

Appendix 

CHAPTER ONE

INTRODUCTION

Budgeting is the most comprehensive management tool for planning and control in any organization. New management techniques which involve meeting the increasing complexities of business today in the society is budgeting, and many things, have been written and said about it in books, journals magazines and newspapers. In fact it attracts very much human material attention.  

These reasons make the need for this research into the role of budgeting in private sector management very pertinent.

Budgeting is futuristic in nature. The further is subject to change while change is he only thing that is constant. Therefore, any attempt to quantitatively state the future is an approximation and then budgeting is said to be free of emotion.

1.2 OBJECTIVE OF THE STUDY  

This research is aimed at accomplishment of some objectives. It will examine and highlight the roles of budgeting and will also assess the impact of inflation and other unforeseen variables on the usefulness of budgeting in the private sector management in Nigeria.

To achieve these, the research has to:

a) Ascertain the role of budgeting in private sector management.

b) Ascertain the system of budgeting in private sector management.

c) Apprise the role of budgeting in situation of frequent erratic changes. 

d) Analyze the impact of the role of budgeting in private sector management.

e) Ascertain whether budgeting accomplishes its practical roles in the private sector management. 

General, this project is aimed at arocising interest on the role of budgeting in private sector management in Nigeria. The aim is that enough consciousness towards budgeting will be awakened by this project to improve the effectiveness of the role of budgeting.

1.3 SIGNIFICANT OF THE STUDY 

This term paper has varying level of significant various categories of its users and readers who may wish to reference it from time to time. 

One significant is that it forms of a major part of the final examination of the researcher for the award of national diploma in accountancy. It also affords the researcher a better understanding and application of he subject matte of “the role of budgeting in private sector management”. This project provides beneficial insight into the nature and role of budgeting to managers; accountants, bankers and even insurers. 

This will enhance effective budgeting in their respective organizations. 

It also provide material guide and will therefore be of immense benefit to anybody who may wish to undertake a critical review of this work and relative topics in future.

1.4 LIMITATION AND DELIMITATION OF THE STUDY 

The scope or delimitation of this research is basically on the role of budgeting, system of budgeting and how the role of budgeting is feel in the private sector management. It is also on how to accomplish the practical roles of budgeting in the private sector management. 

1.5 DEFINITION OF TERMS 

The following terminologies are defined to reflect their meaning in this project. 

1) Role: This means the functions and duty which a person or a thing performs or ought to perform or act. 

2) Private sector: This refers to as business firm or profit making concerning one person or group of persons. 

3) Budget: This means estimate of probable future income and expenditure or the financial or quantitative statement prepared prior to defined period of time or the policy to be pursued during that period for the purpose of attaining a given objectives, they include income, expenditure and employment of capital. Budget period is usually one year. 

4) Budget control: This is a control by the use budget. 

5) Budgeting: It is used to mean that act of preparing and using these financial and quantitative statements to aid management.

6) Planning: This is the delineation of goals, predictions of potential results under various ways of achieving goals, and a decision of how to attain desired results.   

7) Management: This is the process of curbing and utilizing of or of allocating an organization, dissenting and controlling for the purpose of producing output desired by customers so that the original objective are accomplished. Those who carry out the activities defined above are the manager. 

8) Organizing: This is the combination and coordination of people, work to be done and physical factors into a meaningful structures that will contribute to an achievement of goals. 

9) Directing: This is quenching or actualizing personnel in a way that is perceived to be necessary for accomplishing organizational goals through communication, motivation, leadership, training and personal influence. 

10) Control: is action that implement the planning direction and performance evolution that provides feedback of the results.

11) Strategy: This is applying once best or tactics to complete successfully ie, competitive  advantages 

.

THE ROLE OF BUDGETING IN PRIVATE SECTOR MANAGEMENT (A CASE STUDY OF HARDIS AND DROMEDAS, EMEN NEAR ENUGU)



TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.NET

Researchwap.net is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.net guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.net is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.net" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.