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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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1.7 SCOPE AND LIMITATION OF THE STUDY
This study is aimed at finding out the impact of budget and budgetary control in Enugu State Housing Development Corporation.
The
limiting factors are that of availability of data which might be
difficult to obtain following the trend of the attitude of Nigerians
with regards to giving out information. Time constraints are also a
limiting factor
in undertaking this study. The availability time and
short period of the study made it difficult for the researcher to
carryout a wider and more through work on the issue, at the same time
carryout academic activities.
Also literature on the topic as it relate to government parastatals is very few.
1.8 DEFINITION OF TERMS
The following are defined in the work:
BUDGET:
Budget simply means estimate of income and expenditure, which are
planned by the organization for a specific future. In Britain, it means
the annual statement made to the house of commons by the chancellor of
the exchequer, giving details of the government financial plans for the
coming year.
BUDGETING CONTROL: This means a system of managing a
business by making forecasts of the different activities and applying of
financial value to each forecast. Actual performance is subsequently
with the estimate.
THE BUDGETING PERIOD: The budget period coincides with accounting period. The period varies according to different organization.
THE
MASTER BUDGET: This is a total budget package which effectively
combines in one statement, the sells, expenses, production and cash
budget of an organization.
VARIANCE: This is the difference between the estimates and actual result.
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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---
