Budgeting As A Tool For Planning And Control In A Manufacturing Industry (A Case Study Of Nigerian Breweries Plc Enugu)

BUDGETING AS A TOOL FOR PLANNING AND CONTROL IN A MANUFACTURING INDUSTRY (A CASE STUDY OF NIGERIAN BREWERIES PLC ENUGU)

ABSTRACT

This research work was focused on investigation on the use of budgeting as a tool for planning and control in topical manufacturing industry like Nigerian breweries plc, Enugu.

The objective of the study is to show the important of budgeting as a tool for planning and control in operation of a manufacture industry which has profit maximization as its principal objective. The research also aims at identifying the procedures adopted in the formulation of annual budgets of Nigerian Breweries plc.

Based on this, the following hypothesis was formulated for the study. The hypothesis include:

(1) Managers use budgeting as a tool for planning and control in attaining the goals of the business.

(2) Decision-making is performed in a manufacturing industry using budgeting.

(3) Utilization of resource is achieved with the use of budgeting and budgetary control

Following the investigation and analysasion of the data, the following finding were made:

(1) The organization uses budgeting in achieving their goals and objectives.

(2) The main objective of the organization is maximization of profit.

(3) Efficiency and effectiveness of the organizations operation is enhanced through the use of budgeting etc.

From the finding, the conclusion were arrived that budgeting is a very essential and indispensable tool for planning and control. It helps management to be well structure in sustaining the growth and expansion of the organization.

Manufacturing Industry, Budgeting,  Nigerian Breweries, Enugu, ACCOUNTING PROJECT TOPIC AND MATERIALS

About admin

Check Also

Problems And Prospects Of Local Government Finance In Nigeria (a Comparative Case Study Of Enugu North And Enugu South Local Government Area)

Problems And Prospects Of Local Government Finance In Nigeria (a Comparative Case Study Of Enugu …

 Problems In Monetary Policy Implementation By Central Bank Of Nigeria (cbn)

 Problems In Monetary Policy Implementation By Central Bank Of Nigeria (cbn) Format: Ms Word Document …

Problems Of Banking Services Among Commercial Institution In Nigeria (a Case Study Of New Nigeria Bank Plc)

Problems Of Banking Services Among Commercial Institution In Nigeria (a Case Study Of New Nigeria …

The Role Of Financial Management A Corporate Orgnaization A Case Study Of Nicon Insurance Company Limited Enugu, Enugu State

The Role Of Financial Management A Corporate Orgnaization A Case Study Of Nicon Insurance Company …

The Role Of Financial Management A Corporate Orgnaization A Case Study Of Nicon Insurance Company Limited Enugu, Enugu State

The Role Of Financial Management A Corporate Orgnaization A Case Study Of Nicon Insurance Company …

Shortage Of Human Resources In Government Establshment Problems And Solutions (a Case Study Of Ministry Of Finance And Economic Planning Enugu State)

Shortage Of Human Resources In Government Establshment Problems And Solutions (a Case Study Of Ministry …

Leave a Reply