Select Currency
Translate this page

THE EFFECT OF BUDGETING AND BUDGETARY CONTROL ON ORGANIZA TION PERFORMANCE IN LOCAL GOVERNMENT (A CASE STUDY OF OJO LOCAL GOVERMENT)

Format: MS WORD  |  Chapter: 1-5  |  Pages: 62  |  970 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE FULL PROJECT

CHAPTER ONE
INTRODUCTION
1.1     BACKGROUND TO THE STUDY 
The increasing complexity of business operation and the ever-changing conditions of the business environment social, economic, technology and political factors make it increasingly difficult for a company to consistently earn a profit that constitutes a fair return on the capital investment. The internal operation of a firm using financial tools has been a very long time; management has to have a plan of action as a means of monitoring profit and financial control. Budgeting is the accepted basis for profit, planning and financial control. It has been practice effectively and profitably by many progressive companies who generally regard it not simply as a procedure but as one of the more important of process of management. Budgeting is one of the management tools that force manager to perform according to a given level of expectation. The process of preparing the budget forces the executive to become better administrator. It puts planning in the first key and budgeting primary attention directing because it helps managers to focus in the operating problem early enough. For effective planning or action, budgeting is usually been as an integral of various plans and providing feedback for the actual result. Budgeting has many purposes. The primary purpose of budgeting is conducted under favourable conditions, there is no doubt that a firm which budget will tend to perform rather better than a similar one that does not budget. Budgetary control is control technique which when the compares of the planned state of affairs with actually state of affairs and the continuous devising of means of correcting the deviation. It involves the use of available technique such as operational research, computer science and so on, to ensure that the budget is realistic as possible. The budget is without doubt, the most widely used control device in both business and government circle. The budget is drawn up for control purpose, that is an attempt to control the direction that the firm taking. Indeed, it is used extensively to many people, the word budget is synonymous with control still, and the preparation of budget originates as a part of planning process. Some companies in other to avoid the negative reaction that are many a time associated with the concept of control. Refer to their budgetary controls as either profit plan or profit path. The aim of budgetary control is to provide a formal basis for monitoring the progress of the organization as a whole of its component parts towards toward the achievement of the objectives specified in the planning budget. Budget planning budget control is part of the overall system or responsibility accounting within an organization. A vast number of organization and company are getting involved in budgeting and budgeting control in Nigeria,and this is taking different forms, but the one that seems to be gaining more recognition is based on the concepts and ideas developed in budgetary control. 
1.2    STATEMENT OF PROBLEM
Some problems are identified to why public sector organization make deficit budget. These problems include:
1. Inability to evaluate and assess the viability of the organization.
2. What tools to be employed in comparing organization or actual performance with the planned or future performance and how tools can be implemented a good deviation and control? 
3. What tools to be adopted in assessing the organization performance in terms its fair return on the capital investment?
4. Going by these problems, the study then consider budgeting and budgeting control on organization performance in local government? 
1.3    OBJECTIVE OF THE STUDY 
The objective of the appraisal and evaluation of business organization in the following areas:
1. To itemize the impact of budgeting and budgeting control in local government.
2. To exemplify by using budgeting and budgeting control by management for planning, control and decision making. 
3. To know what is budgeting and budgeting control and why it is of interest and to whom.
4. To look into ways of encouraging human support for budgeting control.
1.4    PURPOSE OF STUDY 
The purpose of this study is to identify the effectiveness or otherwise in the presentation of budgeting and its control in local government. Our analysis would however be limited to Ojo local government. The study also determining ways and means of improving the operation and effectiveness of the system for as much as the success or failure of budgeting and budgeting control depend on the acceptance by the people in the organization. Consequently, consideration is given to why employees react the way the they do, the use, the usefulness of budgets in making budgets more successful and acceptable can be considered within a particular situation facing modern day business circle.
1.5   SIGNIFICANCE OF THE STUDY
The outcome of this study cannot be overemphasized. These are:
1. The effectiveness of budgeting on achieving their corporate goals.
2. The study will help in the formulation of corporate policies concerning local government. 
3. It will help management to to understand ways in which budgeting could be a powerful tool for planning, control and decision making
2. It will reveal how rational allocation of resources can be ensured. 3. It will serve as a tool for further research studies. 
1.6   SCOPE AND LIMITATION 
The researcher intends to cover budgeting and budgeting control as it relates to the private sector and special consideration been given to in the manufacturing or industrial sector. The expected limitation form a thorough analysis includes the following: 1. Time
2. Respondents 
3. Finance As a result of these, the researcher will limit the evaluating of budgeting and budgeting control in Ojo Local Government. 
1.7    HISTORICAL BACKGROUND OF CASE STUDY
Ojo local government was created in May, 1989 under the military administration of General Ibrahim Gbadamosi Babaginda, as the president of the Federal Republic of Nigeria, under the military governor of General Raji Rasaki. Before the creation of Ojo local government, out of the old Badagry local government, the area was adjudged the most popular in the federation going by the National Population Censor conducted in Nigeria in 1991. The population as at that time was put at 1.01 million. Ojo local government was divided into two segments, the revenue and the upland. It is in habited by mainly the Aworis, who are very accommodating and progressives. In 1996, under the military administration of General Sanni Abacha, two local governments were carved out of the old Ojo local government; Amuwo Odofin and Ajeromi Ifelodun local government. It is on record the administration of Alhaji Jakande as the executive governor of Lagos state, Ojo local government that did not have the backing of the federal government under President Shehu Shagari, was created in 1980 with Alhaji Ajakaiye as the chairman from 1980-1983. However, the military governor of General Muhammaed Buhari and Tunde Idiagbon scrapped the local government when they struck in 1983 and the new council returned to Badagry local government. Today, two local government have been carved out of the old Ojo local government; Iba local Council Development Area and Oto Awori Council Development Area with this development there were boundary adjustment. As of today, Ojo local government shares boundaries with Oto-Awori on its south west; it is bounded in the East by Oriade local government in the North by Iba local council development and in the south by the lagoon. It also shares boundary with Amuwo Odofin local government between Ojo Military Barracks and the Trade Fair complex. The local government has a total land mass of 18sq km with about 300/0 of it constituting the Revenue Area. Today part of this Revenue Area is being shared with OtoAwori Local Council Development Area.
Despite the fact that the indigenous inhabitations are the Aworis, OJ today is natural habit as of the Igbos, who deal in electronics and general materials at the popular Alaba international market created in 1973 within the local government are and the Hausa who deal in rams cows. The Ojo indigenes are mainly farmers, mat weavers, fisher men, hunters and petty traders. But some of them today are big time businessmen, educationists and great politicians. The hither to sleepy town of Ojo, is today flourishing with business activities that can be compared to major town in Lagos State. There is no doubt that the fact that revenue Area of Ojo Local Government needs special attention in the area of electricity, a bridge to link the upland with the reverine and other basic infrastructural facilities. Tahe communities include; Irewa, Taffi -Hausa, Taffi-Awori, Itogbesa, on the other hands, the upland has caught up with the best modern cities in the world with an express road to link neighbouring country, companies, market and higher institutions, the settlement include Ojo, Ira Ajangbadi, Sabo-Oniba, Ilufe, Igbede, Agric, Arufa, Olugbemi, Muwo and others. 
1.8    RESEARCH QUESTIONS 
The research intends to test the following research questions in the course of this project. 1. Does budgeting and budgeting control enhance planning and decision making efficiently? 2. Does budgeting and budgeting control ensure rational allocation of resources? 3. Does budgeting and budgeting control a motivational tool for staff?
1.9     RESEARCH HYPOTHESES 
The hypothesis would be formulated as null and alternative
1. Ho: Budgeting and budgeting control does not enhance planning and decision making efficiently 
Hi: Budgeting and budgeting control enhances planning and decision making efficiently
1. Ho: Budgeting and budgeting control does not ensure rational allocation of resources
Hi: Budgeting and budgeting control ensure rational allocation of resources
2. Ho: Budgeting and budgeting control is not a motivational factor
Hi: Budgeting and budgeting control is a motivational factor
1.10     DEFINITION OF TERMS
Ø Budget: A budget IS a summary statement of plans expressed in qualitative term
Ø Budgeting: This is the process of preparing a summary statement of plans expressed in monetary quantitative terms. 
Ø Decision Making: Involve selection from among alternative course of action or most preferred choice out of many alternative
Ø Budgetary Control: This IS the control technique of planning In advance of the various functions of a business so that the business as a whole can be controlled. 
Ø Control: The process of setting goal and objectives In advance and determining ways to achieving it. 
Ø Plans: A set of things to do in order to achieve something usually done in advance. 
Ø Planning: This is the process of setting goals and objectives in advance and determines way of achieving it. 
Ø Responsibility Accounting: This is the term used to describe a system of decentralization of authority with performance of the decentralized units measured in term of accounting results.
REFERENCES 
Adams R.A (2002) Public Sector Accounting and Finance 3rd Edition, Corporate Publisher Venture, Lagos. 

  DOWNLOAD THE FULL PROJECT

THE EFFECT OF BUDGETING AND BUDGETARY CONTROL ON ORGANIZA TION PERFORMANCE IN LOCAL GOVERNMENT (A CASE STUDY OF OJO LOCAL GOVERMENT)

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON THE EFFECT OF BUDGETING AND BUDGETARY CONTROL ON ORGANIZA TION PERFORMANCE IN LOCAL GOVERNMENT (A CASE STUDY OF OJO LOCAL GOVERMENT) INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Oluchi From Michael Opara University
If you are a student and you have not used iprojectmaster materials, you are missing big time! iprojectmaster is the BEST
Excellent
Abraham Ogbanje
NATIONAL OPEN UNIVERSITY OF NIGERIA
At first I was afraid.. But I discovered they are legit. I will bring more patronize
Very Good
MATTHEW NGBEDE
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Excellent
Gbadamosi Solomon Oluwabunmi
Lasu
Swift delivery within 9 minutes of payment. Thank you project master
Excellent
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Abubakar Iliyasu Hashim
Federal college of education pankshin affiliated to university of jos
I am highly impressed with your unquantifiable efforts for the leaners, more grace to your elbow.I will inform my colleagues about your website.
Very Good
Abdul Mateen Iddrisu
UDS
At first I taught is a site full of fraudsters until I saw my project in my Gmail after my payment.. THANK YOU IPROJECTMASTER and May God the almighty bless u guys abundantly
Excellent
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Excellent
Emmanuel Essential
Kogi state University
I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟
Very Good

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on THE EFFECT OF BUDGETING AND BUDGETARY CONTROL ON ORGANIZA TION PERFORMANCE IN LOCAL GOVERNMENT (A CASE STUDY OF OJO LOCAL GOVERMENT)?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on THE EFFECT OF BUDGETING AND BUDGETARY CONTROL ON ORGANIZA TION PERFORMANCE IN LOCAL GOVERNMENT (A CASE STUDY OF OJO LOCAL GOVERMENT)?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for THE EFFECT OF BUDGETING AND BUDGETARY CONTROL ON ORGANIZA TION PERFORMANCE IN LOCAL GOVERNMENT (A CASE STUDY OF OJO LOCAL GOVERMENT), What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!