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Budgeting Is An Indispensible Tool For Planning And Control In The Oil Industry
[A CASE STUDY OF ADDEX PETROLEUM]
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1.6 RESEACH QUESTION
1. What are the different types of budgeting system within the oil and gas industry
2. What are the type of budget prepared and what technique of budgeting adopted by addex?
3. What process are in place for budget in addex?
4. Are the procedure followed?
5. Are there enough personnel involved in the budget planning function of the4 company ?
6. Are the objective of budgeting realized?
7. Are the procedure state in the production sharing contract in relation to annual work programme.
8. Does NNPC follow up on the implementation of approved budgets and what are the budgetary control procedure adopted by NNPC?
9. Are there adequate training session for personnel responsible for the budgeting function in the company?
1.7 PLAN OF THE STUDY
The research work will be divided into five chapters for each chapter contains the following :chapter one will have the back ground of the study, statement of research problem, purpose of the study, scope and limitation of the study, research methodology, research question and plan of the study while
Chapter two will treat theoretical framework, planning function in an organization, how is the corporate plan developed, corporate plan budget, what is budget, approaches to budgeting, types of budget, budget preparation the budget manual, the budgeting , controlling function in an organization, and condition for successful budgeting
Chapter three will discuss brief history of the case study, restatement of research question, method of approach, methodology and limitation of methodology
While chapter four contain introduction data analysis and presentation to research questionnaire classification of costs, narrative of ad dare’s budgeting system
Finally chapter five and discuss the finding summary recommendation and conclusion, summary of suggestion for further study
Bibliography/references
This will state the last of material textbooks, journal magazines consulted in the writing of the proposal and those that will be use to write main project.
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