Budgetary Controls And Managerial Effectiveness In Organisations: A Study of Selected Firms

Reference code: c032

ABSTRACT

This study examined the relationship between budgetary control measures and managerial effectiveness in business organisations in Port Harcourt. In order to achieve the objectives of the study, one hypothesis was formulated and data collected through the issue of 72 questionnaires out of which 60 were correctly completed and returned. The data collected was analysed using Pearson Correlation and Statistical Package for Social Sciences (SPSS). Following the data analyses, the following findings were made: there is a significant and positive relationship between budgetary control measures and management effectiveness. The implication of this finding is that as the firm introduces budgetary control measures, management becomes more effective, budgetary control system is an important tool for planning, controlling and coordination the activities in an organization thereby contributing to achieve a higher standard of performance. We concluded that: it is quite necessary for organisations to introduce stringent budgetary control measures in their organisation. We also conclude that management effectiveness will be better achieved when organisations implement good budgetary control measures. Finally, we recommend that: Budgetary control should be the main concern in organizations amongst other control techniques as this will help the organisation in achieving set objectives. The researcher recommends that organizations that desire higher performance must implement and adhere to budgets and budgetary control.

TABLE OF CONTENT

CHAPTER ONE: INTRODUCTION
1.1 BACKGROUND OF THE STUDY  
1.2 STATEMENT OF THE PROBLEM  
1.3 PURPOSE OF THE STUDY  
1.4 RESEARCH QUESTIONS  
1.5 RESEARCH HYPOTHESES  
1.6 SIGNIFICANCE OF THE STUDY
1.7 SCOPE OF THE STUDY  
1.8 LIMITATION OF THE STUDY
1.9 DEFINITION OF TERMS  
1.10 ORGANIZATION OF THE STUDY    
REFERENCES


CHAPTER TWO:  LITERATURE REVIEW
2.0 INTRODUCTION
2.1 CONCEPT OF MANAGEMENT CONTROL
2.2 THE BUDGET
2.2.1 Characteristics of a Budget
2.2.2 Types of Budget
2.3 PREPARATION OF BUDGET & BUDGETARY CONTROLS
2.3.1 The Budget Cycle
2.3.2 The Budget Period
2.3.3 Purposes of Budget Preparation
2.3.4 Budgetary Controls  
2.4 THE BUDGET AS A TOOL FOR MEASURING FINANCIAL PERFORMANCE
2.5.1 BENEFITS OF A BUDGET
2.5.2 CHALLENGES OF A BUDGET
2.6 CRITERIA FOR MEASURING BUDGET PERFORMANCE
REFERENCES

CHAPTER THREE: RESEARCH METHODOLOGY
3.1 INTRODUCTION
3.2 RESEARCH DESIGN  
3.3 POPULATION OF STUDY
3.4 SAMPLE SIZE AND SAMPLING TECHNIQUE
3.5 SOURCES OF DATA
3.5.1 INSTRUMENTS FOR DATA COLLECTION
3.5.3 VALIDITY AND RELIABILITY OF INSTRUMENTS
3.5.4 ADMINISTRATION OF INSTRUMENTS
3.6 METHOD OF DATA ANALYSIS
3.7.1 CORRELATION
REFERENCES

CHAPTER FOUR: DATA PRESENTATION AND ANALYSES
4.1 INTRODUCTION
4.2 DATA PRESENTATION
4.3 HYPOTHESIS TESTING

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 INTRODUCTION  
5.2 SUMMARY OF FINDINGS
5.3 CONCLUSION
5.4 RECOMMENDATIONS
BIBLIOGRAPHY


89 Pages

Reference code: c032



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