ABSTRACT: Budgeting has a role to play in this present economic development of Nigeria. Budgeting which is defined as “A financial statement prepared and approved prior to a defined period of true of the policy to be purpose of attaining that period for the purpose of attaining a given objectives is primarily a process of planning and control. A well prepared budget provides management with a planned programme based on research by the entire organization. In addition, a carefully planned budget, provides owing to co-ordination the various actions of the organization. Budgeting is the most comprehensive financial technology widely used within an organization. When it is properly applied as a management process and toll it unites all parts of the institution and all aspects of management task into one complete management approach to profitability. Budgeting positions one’s mind of the actual result or outcome with the predetermined plan. In other words, with good budgeting, the result of every effort can be forecasted. Through a good budgeting by exports there will be a standard economy, Budgeting reduces wastage of manpower, it also reduces wastage of finance. Therefore, in order to avoid problems in carrying or preparing budget, budgeting should be carried out exactly there way it is being laid down by the experts if there is any correction or variation to be made in future, the experts should be involved.
Budgeting has a role to play in Nigeria present economic situation role to play in Nigeria present economic situation. Budgeting which is defined and approved prior to a defined period of time of the policy to be pursued during that period for the purpose of attaching a given objective is primarily a process of planning and control. A well prepared budget provides management with a planned programme. It also provide a way to co-ordinate the various actions of the organization. Budgeting is the most comprehensive financial technology orderly used within an organization. Budgeting will position one’s mind of the actual result on outcome with the predetermined plan. The result of every efforts of different organizations and field, will be fore-casted. Budgeting will reduce wastage of manpower, wastage of finance, goods and services.
TABLE OF CONTENT
CHAPTER ONE
Introduction 1
1.1 Background of the study 3
1.2 Statement of problem 4
1.3 Objective of the study 7
1.4 Hypothesis/Research Question 8
1.5 Significance of the study 8
1.6 Scope/Limitations of the study 9
1.7 Definition of terms 10
CHAPTER TWO
Review of related literature 13
2.1 History of Budgeting 13
2.2 Early History of inflation 15
2.3 Control of inflation 18
2.4 Accounting views in I.M.T 20
2.5 Different views in Budgeting 20
2.6 Budgeting process 23
Reference 25
CHAPTER THREE
Research design and area for the study 27
3.1 Population of the study 28
3.3 sample and sampling procedure 28
3.4 instrument for data collection 28
3.5 method of administration of the instrument 29
3.6 Method Of Data Analysis 29
CHAPTER FOUR
Data Presentation 31
4.1 Data Analysis 32
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