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Assessment Of Budgeting In The Present Nigeria Economic System In Cross River State University Of Technology
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RESEARCH QUESTIONS
What are the roles played by budgeting towards the controls of government fiscal policies?
Is there a relationship between budgetary control and performance in Cross River State University of Technology?
To what extent does budgeting processes aided planning for long term survival of Cross River State University of Technology?
SIGNIFICANCE OF THE STUDY
The
significance of this research work cannot be over emphasized because it
is inequitable in every organization. It will be appreciated by
administrators of public utilities as its sets standard of performance
which act as day to day guide time for the successful realization of the
budget plan and the attainment of government objectives. It serves as a
document of reference; the study is also relevant to all public and
private sectors as financial resource these days are scare and limited,
this budgeting control is inequitable because the limited funds
available has to be judiciously utilized allocated and this can only be
made possible through budgeting control.
SCOPE OF THE STUDY
For
simplicity and easy analysis of data, the scope of this study is
restricted to the budget office of Cross River State University of
Technology. It would have been an interesting academic exercise to cover
other branches of the budget office within the country, but for easy
analysis and data presentation, the researcher decided to restrict her
study to Cross River State University of Technology.
LIMITATIONS OF THE STUDY
The following are the basic limitations of the study:
Secrecy:
some of the workers contacted were not only just unco-operative but
were also non-approachable. Some of the vital information needed to give
this project a better look was not easy to come across.
Financial
Constraint: another factor that limits the wider coverage of this study
is financial constraint as situation of things were not very pleasant at
the time of this project work.
High Cost of Transportation: as at
the time of this research work, there was an increase in the cost of
transportation, so the researcher finds it difficult transporting from
one place to another in search of research materials.
DEFINITION OF TERMS
Budget:
budget is a plan for financing an enterprise or government during a
definite period, which is prepared and submitted by a responsible
executive to a representative body (or other dully constituent agent)
whose approval and authorization are necessary before the plan may be
executed.
Budgetary Control: It has been severally defined. J. Batty
says “budgetary control in its complete form involves a predetermined
plan in financial terms, to cover all phase of business activities and
the operation of that plan in such a way that anticipated profit is, as
near as possible, achieved.
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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---
