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Budgeting As An Instrument Of Internal Control In A Manufacturing Organization
[A CASE STUDY OF AMA BREWERIES ENUGU]
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HYPOTHESIS III
H0: The type of budgeting in some of the manufacturing business concern in Nigeria is not efficient.
H1: The type of budgeting in some of the manufacturing business concern in Nigeria is efficient.
1.6 SIGNIFICANCE OF THE STUDY
According
to Nweze (2011), Budgeting is very important especially at this time of
our economic development at this time of our economic development is
that?
a. It will show why profit planning is very vital for any manufacturing establishment that wishes to survive.
b.
It will help them to determine and maintain an acceptable level between
high profit and low profit at a given time thus leading them to attain
the various organizational goals and objectives.
1.7 SCOPE OF THE STUDY
According
to Enudu (1999), it is expected that a study of this will entail visits
to 36 states in the country to elicit information from numerous
manufacturing concerns. But this was not possible because of some
constraints such as time and money.
1.8 LIMITATIONS OF THE STUDY
As
a result of these constraints (time and money) this study was limited
to manufacturing concerns in the old Eastern states which includes;
Enugu, Anambra, Abia, Ebonyi; and Imo state with hope that the
conclusions reached
in the course of the study would apply to other manufacturing business in Enugu State at AMA Breweries Plc. Enugu in particular.
Another
limiting factor was the literacy level of the respondents. Out of 78
respondents sample their opinions, 2 of them were sceptical as regards
given out useful information on the budget planning of this
organization. This was a result of dishing out useful data to their
competitors in the same manufacturing industries or business.
1.9 DEFINITION OF TERMS
EFFICIENT: A firm is said to be efficient if it can manage their resources well
EFFECTIVENESS:
This entails proper co-ordination of these limited resources in form of
both human and material resources to combat their responsibilities
PLANNING: The design of a desired future state of an entity and the effective ways of brings it about.
GOALS: Performances can be defined as the assessment of the company towards reaching the targeted goals and objectives.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTAn efficient budgeting control system is one that produces the desired result. A balanced budget is the one that produces no variances but to achieve this, we are left to contemplation rather than a reality. This has become the problem of most of our manufacturing concerns in Nigeria. This study investigated the budget control and execution in manufacturing concerns in Nigeria with a view of appraising their efficiency. Out of a population of one hundred and fifty six drawn from the manu ... Continue reading---
