ABSTRACT
Every organization needs Budget for the effective running of its operations.
Consequently, this research work was designed to scrutinize budgets and budgetary control system in operation at United Nigeria Insurance Company Plc (UNIC) as a stepping-stone for managerial planning and control.
The review of related literature bears evidence of cuprous work on budgets and budgetary control in several other business operations.
The benefit that accrues from this concept has not being fully harnessed. Therefore, there is the practical necessity to ensure acceptance of budgets and budgetary control as an efficient managerial tool.
From a sample size of 33, individual draw from the offices, the impact of sound budget and budgetary control system on UNIC Plc operation was review and analysed using percentage, degree and chart.
Some hypotheses were also tested using the chi-square (X2) and Pearson product moments of correlation coefficient.
The chi-square test, revealed that budget and budgetary control have been of significant assistance in the company’s prompt decision making. It further revealed the companies rely very often on their budget.
The Pearson product moments of correlation coefficient shown that no correction subsists between the budgets and budgetary control and to makes the company to achieving their objectives.
TABLE OF CONTENT
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of content
CHAPTER ONE
1.0Introduction
1.1Background of the study
1.2Statement of problem
1.3Objective of the study
1.4Research question
1.5Research hypothesis
1.6Significance of the study
1.7Scope, limitation and delimitation
1.8Definition of terms
References
CHAPTER TWO
2.0Review of related literature
2.1Meaning of budgets
2.2Budgetary control
2.3Operation of budgetary control
2.4Classes of budgets
2.5On the basis of flexibility budgets fails into two group viz
2.6Manner of budget preparation
2.7Preparation of typical budget
2.8Responsibility according and budgetary control
2.9Planning, programming and budgeting system (PPBS)
2.10Zero base budgeting (Z.B.B)
2.11Traditional budgeting
2.12Cost benefit analysis
2.13Conditions of successful budgeting
2.14Behavioural implications of budget
2.15Function of budget and budgetary control
References
CHAPTER THREE
3.0Research design and methodology
3.1Source of data
3.1.1Primary data
3.1.2Oral interview
3.1.3Questionnaire
3.1.4Secondary data
3.2Location of data
3.3Population of study
3.4Sample and sample determination
3.5Method of data presentation
3.6Techniques for data analysis
References
CHAPTER FOUR
Data presentation and analysis
CHAPTER FIVE
5.0Findings, conclusion and recommendation
5.1Findings
5.2Conclusion
5.3Recommendation
Bibliography
Appendix 1