Budgeting – A systematic approach to profit planning and control is a work centered on the use of budgeting as a tool for planning and control for profit maximization in a mobile telecommunication network Nigeria Limited Enugu as a case study.
The objective of the study is to show the importance of budgeting as a tool for systematic profit planning and control in the mobile telecommunication network Nigeria limited which has profit maximization as its principal objective.
The research is also aimed at identifying the steps adopted in the formulation of annual budget of MTN Nigeria.
Consequent upon this, the following hypothetical question were used for the study.
1. Managers use budgeting as a systematic approach to profit planning and control in attaining the goals of the business.
2. Decision making is performed in mobile telecommunication using budgeting
3. Utilization of resources is achieved with the use of budget and budgetary control
Following the investigation and analysis of data, the following findings were made
1. The organization uses budgeting in achieving the goals and objectives
2. The main objective of the organization is profit maximization
3. Efficiency and effectiveness of the organization is achieved through the use of budgeting.
From the findings, the conclusions were arrived that budgeting is very essential and indispensable tool for profit planning and control. It helps management to be well structured in sustaining the growth and expansion of the organization.
Title page i
Approval ii
Dedication iii
Acknowledgement iv
Abstract v
Table of content vi
CHAPTER ONE
1.0 Introduction 1
1.1 Historical Development of the Firm 4
1.2 Background of mobile Telecommunication 5
Network Nigeria Limited/Present state of Affairs
1.3 Statement of problem 8
1.4 Objective of the study 8
1.5 Research Question 9
1.6 Research Hypothesis 10
1.7 Scope and limitation 10
1.8 Significance of the study 11
1.9 Definition of terms 12
CHAPTER TWO
2.0 Literature review 14
2.1 Introduction 14
2.2 Definition of budget 15
2.3 Types of Budget 17
2.4 The Budget period 20
2.5 Administration of the Annual Budget 21
2.6 Stages in the Budget process 24
2.7 Appraisal of fixed, flexible and other budget 43
2.8 Planning function 45
2.9 Controlling function 46
2.10 Budgeting control 50
2.11 Variance analysis 51
2.12 Additional Tool for Budgeting and Budgetary
control: Zero Base Budgeting (ZBB) 57
CHAPTER THREE
3.0 Research Design and methodology 58
3.1 Research design 58
3.2 sampling technique 58
3.3 Sampling design and population size 58
3.4 Sources of data 60
3.5 Interview questions 60
3.6 Method of data analysis 60
CHAPTER FOUR
4.0 Presentation, Analysis and Interpretation of Data 63
4.1 Analysis of questionnaires returned 63
4.2 Hypothesis testing and proofing 71
CHAPTER FIVE
5.0 Summary of findings recommendations and conclusion 77
5.1 Summary of findings 77
5.2 Recommendations 79
5.3 Conclusion 80
Bibliography 81
Appendix 83
Budgeting: A Systematic Approach To Profit Planning And Control. (n.d.). UniTopics. https://www.unitopics.com/project/material/budgeting-a-systematic-approach-to-profit-planning-and-control/
“Budgeting: A Systematic Approach To Profit Planning And Control.” UniTopics, https://www.unitopics.com/project/material/budgeting-a-systematic-approach-to-profit-planning-and-control/. Accessed 20 September 2024.
“Budgeting: A Systematic Approach To Profit Planning And Control.” UniTopics, Accessed September 20, 2024. https://www.unitopics.com/project/material/budgeting-a-systematic-approach-to-profit-planning-and-control/
Here’s a typical structure for Budgeting: A Systematic Approach To Profit Planning And Control research projects:
- The title page of Budgeting: A Systematic Approach To Profit Planning And Control should include the project title, your name, institution, and date.
- The abstract of Budgeting: A Systematic Approach To Profit Planning And Control should be a summary of around 150-250 words and should highlight the main objectives, methods, results, and conclusions.
- The introduction of Budgeting: A Systematic Approach To Profit Planning And Control should provide the background information, outline the research problem, and state the objectives and significance of the study.
- Review existing research related to Budgeting: A Systematic Approach To Profit Planning And Control, identifying gaps the study aims to fill.
- The methodology section of Budgeting: A Systematic Approach To Profit Planning And Control should describe the research design, data collection methods, and analytical techniques used.
- Present the findings of the Budgeting: A Systematic Approach To Profit Planning And Control research study using tables, charts, and graphs to illustrate key points.
- Interpret Budgeting: A Systematic Approach To Profit Planning And Control results, discussing their implications, limitations, and potential areas for future research.
- Summarize the main findings of the Budgeting: A Systematic Approach To Profit Planning And Control study and restate its significance.
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