-
Assessment Of Budgeting In The Present Nigeria Economic System In Cross River State University Of Technology
CHAPTER ONE -- [Total Page(s) 3]
Page 2 of 3
-
-
-
Lucey (2002) further urges that performance is influenced
by many factors which includes planning and coordination, clarification
of authority and responsibility, effective communication both internal
and external, control of resources available, both human and non human
and motivation of both the lower and middle management.
If the actual
numbers delivered through the financial year turn to be close to the
budget, this actually demonstrates that the organization‟s management
understand its business and has been successfully driving it in the
direction they had planned. On the other hand, if the actual results
diverge wide from the budget, this sends out an „out of control‟ signal.
For this reason, budget based control means manager‟s evaluation
according to budgetary goals (Lucey 2002).
In this context, budgeting
benefits and its possible negative effects on attitudes and behaviors
of managers on performance are still among the subjects of strategic
management control systems that are being researched presently nearly
all large businesses reforecast their forecast their activities, as
months pass, the actual income achieved and expenses incurred can be
compared to the budget and forecast.
STATEMENT OF THE PROBLEM
Based
on the purpose of the study, the problems under study can be seen in
this context. Due to the dependence of Nigeria on revenue, a crisis in
the world market will result to the following: A reduction of oil
revenue which will cripple the economy and shatter National Development.
Abandoning of capital projects or programs due to insufficient fund in
the economy. In-efficient allocation of limited resources to provide the
right caliber of manpower and necessary infrastructure as basis for our
national growth. The inability of the management to prepare a concise
budget that will enable Cross River State University of Technology to
achieve its set goal and objective (Nwude, 2001).
OBJECTIVES OF THE STUDY
The
broad objective of this study is to assess budgeting in the present
Nigeria economic system in Cross River State University of Technology.
Other objectives of the study are;
To determine the role played by budgeting towards the controls of government fiscal policies.
To establish the relationship between budgetary control and performance in Cross River State University of Technology.
To
ascertain the extent to which budgeting processes has aided planning
for long term survival of Cross River State University of Technology.
CHAPTER ONE -- [Total Page(s) 3]
Page 2 of 3
-
-
ABSRACT - [ Total Page(s): 1 ]This study was carried out to assess budgeting in the present Nigeria economic system in Cross River State University of Technology. Specifically, the study determined the role played by budgeting towards the controls of government fiscal policies, established the relationship between budgetary control and performance in Cross River State University of Technology and, ascertained the extent to which budgeting processes has aided planning for long term survival of Cross River State University of ... Continue reading---
