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Effects Of Budgeting And Budgetary Control In Extracting Industry.
[A CASE STUDY OF SHELL CORPERATION OF NIGERIA]
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For these reason the researcher has carefully observed that the
following problem would emerge in an organization and some of these
problems arises from the following;
1) Budgetary control can be seen as pressure device imposed by management to attain its objectives thus resulting to
i. Bad labour relations.
ii. Inaccurate record keeping.
2) Departmental conflicts arises from
i. Disputes over resource allocation method.
ii. Department blaming each other if targeted objectives are not being attained.
iii. Conflicting objectives.
3) It’s difficult to reconcile personnel and individual cooperate goal.
4)
Waste arises as managers adopt the view we had better spend it or we
will lose it. This sometimes compelled with entire building in order to
enhance the prestige of a department.
5) Managers may over estimate cost so that they will not be blamed in the future, should they over spend.
6)
Organization activities will be characterized by planlessness event
will be left to chance and the entire organization would lose directions
which could result to organizational inefficiency.
7) They will be
no yard-stick against which actual result can be measured and this
management will be tempted to the complacent with any level of
performance.
8) Activities will be sectional and unintegrated, they
will be tendency for every part of the organization to formulate it own
objectives, strategies and policies which will not in any long-term
achieve the entire organization purpose, mission and objectives.
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ABSRACT - [ Total Page(s): 1 ]AbstractThe main aim of this write up is to throw more light on the review of budgeting control in a extracting industry. This research purely base on budget as an instrument of control in an organization and also as a means of highlighting the role of budget in any establishment and society at large. Data were collected for this research work were from both secondary and primary source. With the population of 180,questionnaire were administered and interview conducted for a sample size of 180 p ... Continue reading---
