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Budgeting And Budgetary Control As Tools For Accountability In Government Parastatals
[A CASE STUDY OF ENUGU STATE HOUSING DEVELOPMENT CORPORATION]
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1.2 STATEMENT OF THE PROBLEM
The growth of the business hinges, or
better put, rests squarely units budgetary control system or techniques
hence they are considered as a vital tools in any business situation.
This study then is aimed at assessing and evaluating the event to which
budgetary control has been a tool for the growth and global realization
of any organization.
Lack of budgets in planning and control has
required in the indiscriminate use of fund meant for more viable
activities. Again the inability of many companies to plan and
accomplished budget goals is traceable to their inability to apply
controls in their budget system.
Budgetary goals are not realized due
to low level of understanding of the budget system by middle and low
level of management staff. Other problems are shortage of stocks and
shut down. These and many more are some of the problem of lack of
budgeting control.
1.3 OBJECTIVE OF THE STUDY
The primary purpose of this study is four fold. They include the following:
i. To determine if budgeting and budgetary control affect the quality of service delivery in government parastatals.
ii. To determine if there is a connection between the type of budget implemented and their actual performance.
iii.
To determine whether or not budgetary controls as a management tools
contribute to the improvement of management efficiency and high
productivity.
iv. To find out the use of the budgetary controls as an appraisal parameter for assessing managers budget.
1.4 RESEARCH QUESTIONS
i. Does budgeting and budgetary controls affect the quantity of services delivery in government parastatals.
ii. What are the connection between the type of budget implemented and their actual performance?
iii. How can budgetary control as management tools contribute to the improvement of management efficiency and high productivity?
iv. How can budgetary control be used for assessing Manager’s budget?
1.5 HYPOTHESIS OF THE STUDY
1. H0: Budgeting and budgetary control does not affect the quantity of services delivery in government parastatals.
H1: Budgeting and budgetary control affect the quantity of services delivery in government parastatals.
2.
H0: Budgeting and budgetary control does not contribute to the
improvement of the management efficiency and high productivity.
H1: Budgeting and budgetary control contribute to the improvement of the management efficiency and high productivity.
3. H0: Budgeting and budgetary control is not used for assessing manager’s budget.
H1: Budgeting and budgetary control is used for assessing manager’s budget.
4. H0: There is no connection between the type of budget implemented and actual performance.
H1: There is connection between the type of budget implemented and actual performance.
1.6 SIGNIFICANCE OF THE STUDY
Budgeting
and Budgetary control is a function that is very important and of great
significant to any of organization. It is not peculiar to only the
manufacturing organization but also necessary to service of the
government.
The study will contribute towards enhancing profits of
the organization, business or an individual. It will help to control
one’s income. Budgeting is necessary to make matters simple and hence
life easy to handle.
Budgeting guides people towards the allocation
of money in different sectors, such as food, shelter, clothing,
household expenses, medical care, utilities etc.
In case of an annual
budget of a nation budgeting makes a blueprint of the overall funds
that the concerned government will spend on various sectors, the kinds
of tax that would be levied and how the prices of essential commodities
would increase or decrease in the month ahead.
In summary, this study
will be a guide to scholars, researchers or writers who may wish to
carry further study on budget and its control apparatus.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis research work was focused on investigation on the use of budgeting and budgetary control as tools for accountability in government parastatals. ( A case study of Enugu State Housing Development Corporation). Budgetary control is a quantitative expression of plane of action prepare in advance of period to which it relate. The organization is face with the problem of lack of budgeting while planning and controlling their activities. The objective of the study is to determine if budget ... Continue reading---
