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The Impact of Budgetary Control on the Profit of Business Enterprise

The Impact of Budgetary Control on the Profit of Business Enterprise

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DEDICATION

This research material, titled “The Impact of Budgetary Control on the Profit of Business Enterprise” is dedicated to God for His boundless grace and guidance. It is also a tribute to all computer enthusiasts whose contributions made my research journey smoother and enriched my documentation process, making the experience truly fulfilling.



ACKNOWLEDGEMENT

I am profoundly grateful to everyone who contributed to the successful completion of this project. I am especially grateful to my Supervisor (Name), the Head of Department (Name), and the Lecturers in the Department of Banking and Finance (BF) for their invaluable guidance and support. I also acknowledge the contributions of authors and scholars whose works on The Impact of Budgetary Control on the Profit of Business Enterprise provided essential insights. Special thanks go to my study area (and any funding organizations, if applicable) for their financial assistance. I am equally thankful to stakeholders, including mentors, teachers, and colleagues, for their encouragement and support. Finally, I deeply appreciate my family and friends for their patience and unwavering support throughout this journey. Your contributions have been instrumental in making this research a reality.



TABLE OF CONTENTS

PRELIMINARY PAGES

CHAPTER ONE

INTRODUCTION

    CHAPTER TWO

    LITERATURE REVIEW

    • 2.1 Introduction
    • 2.2 Conceptual Review
    • 2.3 Theoretical Framework
    • ⋮
    • 2.4 Empirical Studies
    • 2.5 Research Gaps
    • 2.6 Summary of Literature Review

    CHAPTER THREE

    RESEARCH METHODOLOGY

    • 3.1 Introduction
    • 3.2 Research Design
    • 3.3 Population of Study
    • 3.4 Sampling and Sampling Technique
    • 3.5 Validation of Research Instrument
    • 3.6 Method of Data Collection
    • 3.7 Method of Data Analysis
    • 3.8 Questionnaire Administration
    • 3.9 Ethical Consideration
    • 3.10 Statistical Analysis

    CHAPTER FOUR

    DATA ANALYSIS, RESULT AND DISCUSSION

    • 4.1 Introduction
    • 4.2 Presentation and Analysis of Data
    • 4.3 Re-statement of Research Questions
    • 4.4 Test of Hypotheses
    • 4.5 Discussion of Findings

    CHAPTER FIVE

    SUMMARY, CONCLUSION AND RECOMMENDATION

    • 5.1 Introduction
    • 5.2 Summary of Findings
    • 5.3 Conclusion
    • 5.4 Recommendation
    • 5.5 Suggestion for Further Study

    REFERENCES

    APPENDIX A - “QUESTIONNAIRE”


    The Impact of Budgetary Control on the Profit of Business Enterprise

    CHAPTER ONE

    Introductions

    1.1 Background 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 owners of the business will expect their rewards as dividends, the creditors require payment, the employees of the business organizations will demand their remunerations and the social responsibility to the community where they are located. All of the demands have to be met form the cash inflow.

    As a result, the need arises of the management of the business enterprises to plan their operation and channel their resources into projects that would yield the highest profit.

    1.2 The Statement Of The Problem

    With regards to the problem enumerated in the statement of the problem, this study is aim at the following:-

    1. Establishing to interviews relationship between budgeting controls and profit.
    2. Creating a better awareness of the indispensability of controls in the consistent profit maximization.
    3. Adding to the existing knowledge, the impacts of budgetary controls on profits.
    4. Making useful recommendations on their measures that could executed for increase profit.

    1.3 Objective Of The Study

    The following objectives of this study which the researcher have designed to achieve are;

    1. To know the aims and objectives of budgetary control.
    2. To knows the problem in monetary control
    3. To know the budgetary control and profit.
    4. To determines the qualities of good budgetary control.
    5. To know the success and application of budgetary control.

    1.4 Significances Of The Study

    A budget is thus a standard with which to measure the actual achievements of the business enterprises.

    While budgetary control is the planning in advance of the various function of a business enterprises so that the business as a whole can be controlled. Therefore, budget and monetary control are inseparable.

    High mortality rate of business enterprises in the present phenome have been traced to non application of budgetary controls. With little or no consideration for the influence controls have an profits, some business enterprises move from one accounting period to the other with in adequate controls. As a result, their profit for a number of years have little or no remarkable variation.

    Hence the business philosophy is some what defeated and meeting the organization obligation have become a problem.

    The organization that manages to establish controls pursuer them so carelessly that the whole substratum collapses. These problem have persisted and is there need for an in depth study on the topic to ease these problems on one hand and to eradicate them on the other hand arises.

    …

    CHAPTER TWO

    2.0 Literature Review

    2.1 Introduction

    This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the conceputal review, theoretical framework, the review of related literature …

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    In preparation for defending a project or seminar on The Impact of Budgetary Control on the Profit of Business Enterprise, it is imperative that as a nursing student, you demonstrate comprehensive knowledge of your research. The defense process is structured to include presenting your work, answering questions, and illustrating its pertinence. Initially, provide a succinct yet thorough introduction to your research topic, emphasizing its importance and the objectives, ensuring that both the audience and the External Examiner can understand the scope of your study.

    Prior to your defense, be thoroughly acquainted with your research abstract and the critical elements of Chapter One, including motivation for embarking on this research, problem statement, objectives, and significance. In Chapter Two, be ready to cite at least two references from the literature review. For Chapter Three, you should be equipped to discuss the methodologies, tools, and techniques utilized. In Chapter Four, defend your research by justifying the findings and linking them to your research objectives.

    Conclude your defense by succinctly summarizing the study and offering insightful, evidence-based recommendations. A professional dress code, such as wearing a suit and tie, is vital to create a favorable impression and elevate your presentation.

    During the question and answer segment, the External Examiner may pose questions pertaining to your research. If confronted with a challenging or irrelevant question, respond diplomatically with, “Sorry, Sir/Madam, the question asked is beyond the scope of my study.” Whenever possible, direct your answers back to your research findings to reinforce your expertise.

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