BUDGET AND BUDGETING CONTROL A TOOL FOR FINANCIAL PLANNING AND MANAGEMENT CONTROL (A STUDY OF NESTLED NIGERIA PLC, LAGOS)

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ABSTRACT

This study has as its primary purpose to examine critically the budgeting process and generally effect of budgetary control on the overall performance of Nestled Nigeria Plc. Furthermore, this study is to ascertain the budget and budgetary control as a tool for financial planning and management control of the organization, the intention being to determine whether budgetary control shows the degree by which actual results very from standards. This study also explain some of the factors hence helping to show good budgetary control system as an effective tool for correction of faults and ensures efficient financial planning and management control. Also the study in detail reviewed what has been written about budget and budgetary control as a tool for financial planning and management control of Nestel Nigeria Plc. Hence, it defines the financial planning and management control of Nestled Nigeria Plc. Hence, it defines the financial objective of the organization vis-à-vis management control. However, from the findings, it showed the importance of a good budgetary control system in the attainment of management control and the corporate growth of the organization.

TABLE OF CONTENTS

Title page

Certificate page

Dedication

Acknowledgement

Abstract

Table of contents

CHAPTER ONE

INTRODUCTION

1.1Background to the study

1.2statement of the problem

1.3Objective of the Study

1.4Research Questions

1.5Significance of the Study

1.6Scope of the study

1.7Limitation of Study

CHAPTER TWO

2.1 Literature Review

2.2 An Overview of Budgetary System

2.3 The Objective of Budgetary Control

2.4 Budget as a Control Mechanism

2.5 Behavioural Aspect of Budgeting System

2.6 Classification of Budgets

2.7 Budgeting and Concept of Profit Planning

CHAPTER THREE

3.1Research Design

3.2Area of Study

3.3Population of the study

3.4Sampling Method

3.5Research Instrumentation

3.6Validity and Reliability of Research Instrument

3.7Source of Data

3.8Methods of Investigation

CHAPTER FOUR

4.0presentation, analysis and interpretation of datapresentation and analysis of data

4.1Test of Hypothesis

CHAPTER FIVE

5.0Summary of the findings, recommendations and conclusion

5.1Findings

5.2Conclusion

5.3Recommendations

Bibliography

Appendix

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BUDGET AND BUDGETING CONTROL A TOOL FOR FINANCIAL PLANNING AND MANAGEMENT CONTROL (A STUDY OF NESTLED NIGERIA PLC, LAGOS)

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