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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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1.3 Objectives of the Study
It
has been noted that budget are necessary tool to an efficient and
effective planning process in an organization, the effectiveness of
budget as a tool to management depends on whether the plans under the
budget are well formulated. The objectives are essentially:
1) To
investigate concisely the budgetary control of shell as a cooperation
with the view of determining their efficacy in the managerial process of
the company.
2) To find out the extent of use of budgeting as a tool for its managerial planning and control process.
3) To find out how budgeting is help in coordinating the activity of various department in the company.
1.4 RESEARCH QUESTIONS
Some basic researches questions are meant to be asked are as follows.
1)
How can budgetary control system be used to predict concisely the
operations of the company and determining the efficacy of managerial
process.
2) How far has budgeting control system used as a tool for managerial planning and control process in extracting industry.
3) How can budgeting control system coordinate the various activities of extracting industry thereby securing its operations?
1.5 STATEMENT OF HYPOTHESIS
The
objectives of the study are to find out if persistent deviation of
actual expenditure from budgeted expenditure constitutes inefficiency
for the above purpose. The following hypothesis can be formulated;
Hypothesis One
H0:
Budgeting control system is a not tool be used to predict concisely the
operations of the company and determining the efficacy of its
operations.
H1: Budgeting control system is a tool used to predict
concisely the operations of the company and determining the efficacy of
its operation.
Hypothesis Two
H0 : Budgeting control system cannot improve managerial planning and control process of the firm.
H1 : budgeting control system can improve managerial planning and control process of the firm.
H0: Budgeting control systems do not coordinate the various activities of the organizational operations and securing it.
H1: Budgeting control system coordinates the various activities of the organizational operations and securing it.
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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---
