BUDGET DECISION IN MANUFACTURING COMPANIES (A CASE STUDY OF UNION AUTO PARTS, IBETO GROUP, NNEWI)
ABSTRACT
Business Organization is facing shift competition and as a result are adopting every strategy for their survival. One of these strategy is by budgeting the operations. The writer decided to find out wages in which budgeting affects organization and contribute to the profitability of their operation and management efficiency, thus the topic.
“Budget Decision in Manufacturing Company” Chapter one brought to line light the general problems facing the Nigeria economy and the resultant effect in our manufacturing companies which made obvious the need for adequate budgetary system.
Chapter two received the related literature of budgeting the concept, historical background, I definitions and its various usage by different people it equally discussed the entire budgetary procedure from the propagation stage to the point where master budget is drawn its objectives, benefits and problems.
Chapter three dealt on collection of data and the method employed in the data and information analysis and the distribution of questionnaires and conclusion.
CHAPTER ONE
INTRODUCTION
Organization exists in a complex environment. They therefore requires growth and forward direction for them to sustain their existence. This invoices articulation of the objective of the organization which can be budget the operations of the organization.
A budge specifies the objective it equally provides a system of monitoring the process of achieving them. Budgeting involves accounting process and managerial process. The accounting process mainly concerned with the performance of manger and others in the course of preparing and using budgets. These tow aspects of budgeting must be integrated to arrive at a decision. This translated the overall objectives of the organization into detailed, feasible plans of actions.
Budgeting is a process of qualifying organizations plans of action in monetary terms to show it’s expected income and expenditure during a certain period of time it is a feed forwards process which management uses to stimulated action for effective and efficient operation.
