ABSTRACT The usefulness of budgeting, as a management tool cannot be over emphasized. A good budgeting system could aid management in decision-making, performing the controlling and planning functions. It does seem that this very important implement of work is not efficiently used by many mangers, especially those in the private sector of our economy. The effect is that corporate efficiency has declined, profit maximization opportunity thrown over board, while planning and managerial ineffici...
INTRODUCTION 1.1BACKGROUND OF THE STUDY: the beginning of inflation in Nigeria can be said to be a direct result of the polices of the country’s governments to stimulate a fast rate of economic growth and development since 1951 when material government was introduced. Inflationary trend since independence show two distinctions pend in terms of digital analysis. However, the issue of monetary policy came to be in existence in order to be also a solution to the problem of inflation...
1.1INTRODUCTION: The viability of an organization ca be enhanced through an effective and efficient management of material resources. Inventory control is a notable measure in managing material resources. Management of resources covers every action taken from the procurement of the resources to their disposal. Firms take certain measures towards preventing their stocks from being in shortage, pilferage and waste some of the measures are very effective while other are not. In conside...
1.0INTRODUCTION The concept capital management in brewery industries is concerned with what working capital initiate, which are; cash, marketable security, debtor and inventories In recent times, many industries especially in brewery industries are operating on inadequate working capital while others are operating on excessive working capital. These result to consequences of inadequate working capital. This study is embarked on generalizing on the importance of management of working capital...
INTRODUCTION 1.1BACKGROUND OF THE STUDY So much that we are hearing about “Cost accounting”. This cost accounting are two words with differently meaning join together to make up a course that we steely in field of accounting, without cost there will be no account. Before introduction of this word cost accounting we can view the historical background of cost. Some where arouse the turn of the century cost were caught up in general industrial movement which later became known as scientific...
ABSTRACT This research work was carried out on the Role of Budgeting in the public sector of Nigerian Economy with particular reference to Nkanu west Local Government Area. This study is divided into five chapters, each dealing with particular aspect of the study. Chapter one covered general introduction and overview of the subject including the statement of problem which is the fact that budget are made for development projects in the Local Government every year. But this development pro...
ABSTRACT There is a global confusion and misconception in identifying the objectives of financial statement and their usefulness to the general user groups in an office. Some accountant appear not to be aware of the objectives of financial statement in the execution of their accounting duties. Many bodies and individuals like “R. J. Chambers, David Alexander and the National Association of Accountants” had accentuated on the objectives of financial statements in an organization long bef...
ABSTRACT This term paper is written to help show the contributions of the Nigeria capital market and it’s contribution to the economy. It is a term paper that brings out the whole system of Nigeria capital market, it’s problem and contribution to the economy it also provide the recommendations that are supposed to be made to the capital market as a whole so as to effect it’s growth and efficiency. Its also talk about the review of related literature, the second tier securities market, t...
ABSTRACT The research work attempts to determine the nature and purpose of depreciation and capital with respect to long use assets of enterprises and organizations and determining ways of optimizing these purposes for the benefit of these enterprises and organization. The research study will be of benefit to enterprises and organization that have standing depreciation policies as it provides recommendations on how to improve on these policies and other enterprises that do not have any deprec...
ABSTRACT Economic policy i.e. dominated by monetary and fiscal policies. Other policies include income, prices employment, trade and industry, money supply and government expenditure are two cardinal tools of monetary and fiscal policies respectively. Fiscal policy i.e. defined as the use of government expenditure, taxes, Borrowing and financial administration to further national economic objectives, government uses it’s expenditure and revenue activities to effect desired change in inc...
ABSTRACT The research work attempts to determine the nature and purpose of depreciation and capital with respect to long use assets of enterprises and organizations and determining ways of optimizing these purposes for the benefit of these enterprises and organization. The research study will be of benefit to enterprises and organization that have standing depreciation policies and other enterprises that do not have any depreciation policy apparently because they do not have the where withal ...
INTRODUCTION:- The money market is place or mechanism by which short – term funds or exchanging financial assets representing short-term claim are obtained . A money market can be simply defined as a market consisting of financial institutions and other dealers in short term money and credit who either want to lend or borrow money .As a group , these financial organization and deders facilitates the borrowing and lending of short –term money by bringing together those institutions w...
INTRODUCTIONS 1.1BACKGROUND OF THE STUDY The increasing complexity of the business environment has necessitated a systematic approach to the impact of budgetary control on the profit of business enterprise. Based on business philosophy, nationally or internationally corporate goal in centered on high production with minimal production cost and hence profit maximization. Sufficient profit is required so that the rating of the efficiency of the business organization will be high. The ow...
ABSTRACT Tax as a means of income redistribution in Nigeria according to the universal library in volume seven said that income redistribution is the proportion of the national income going to w age earners it shows the individual differences in the accrued income. Tax enables us to know the taxable income due to us this study is mainly carried out to determine if or not we are over charged or not and to ascertain the effect of taxation as a means of redistribution in Nigeria. It enables th...
INTRODUCTION 1.0BACKGROUND OF THE STUDY Accountant is a person who undergo a training in accounting system. He has to obtain a certificate as an evidence that he has concepts of accounting efficiently A banker is any person carrying out the business of banking which includes accepting of deposits from customers, accepting and keeping others valuables from their customers etc. Management can either be persons vested with the responsibility of directing the affairs of an organisation or an act ...