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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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1.6 SIGNIFICANCE OF THE STUDY
It can be beneficial for the researcher that the study will be of the following;
1)
That the management of shell Petroleum Company in Nigeria is aiding
them to policies, the planning and controlling aspect of managerial
function will be clearly stated and understood as it is applicable to
the cooperation for better achievement of its objectives.
2) That
other cooperate individuals, agents, accountant, businessmen and women,
government parastatal, and scholars who may be interested in these form
of budgetary system of aforementioned company might make an objective
use of it.
3) The study might show the effects of budget
information’s to the cooperation and possibly the remedies and the
impact it generate on these remedy to effect of the society in general.
4) The research work also gives a long way in increasingly the knowledge of students studying budget control system.
1.7 SCOPE OF STUDY
The scope of the study is as follows
1) The study is basically restricted to 2001-2005 operating and capital expenditure budget of entering shell cooperation.
2)
The analysis made in this study was based on data made available to the
researcher by the company’s staff and head of department and top
executives of the firm in response to the researchers question that were
administered.
3) The scope of theses study can only be limited to budgetary control system of shell cooperation in Nigeria.
4) The study also investigates and evaluates budgetary control measures in Nigeria i.e shell cooperation to its regards.
1.8 LIMITATION OF THE STUDY
1)
The reluctant nature of part of the company’s personnel in making data
available for the purpose of the study, although the budgetary unit was
of greater help, they were also constrained by the company’s rule and
regulations that relate to the release of the information.
2) The
researcher’s work was carried out along side with academic work this
means sharing of the available time between the researcher’s work and
other academic and non-academic work all the factor mentioned above
restricted the researcher from covering large scope of the study as
would have been desirable.
3) Budgetary control can result to short
term analysis of the researchers decision to keep within its budget
variation rather than the right long decision analysis which might
exceed the budget variation.
4) Managers of the cooperation or top
executives in the company can be too pre-ocupied with the setting to
focus on the realistic objectives of target performance and in acquiring
better and more customers.
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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---
