Budgeting: A Systematic Approach To Profit Planning And Control (A Case Study Of Mobile Telecommunication Network Nigeria Limited’ (Mtn), Enugu State)
ABSTRACT: Budgeting – A systematic approach to profit planning and control is a work centered on the use of budgeting as a tool for planning and control for profit maximization in a mobile telecommunication network Nigeria Limited Enugu as a case study. The objective of the study is to show the importance of budgeting as a tool for systematic profit planning and control in the mobile telecommunication network Nigeria limited which has profit maximization as its principal objective. The research is also aimed at identifying the steps adopted in the formulation of annual budget of MTN Nigeria. Consequent upon this, the following hypothetical question were used for the study.
- Managers use budgeting as a systematic approach to profit planning and control in attaining the goals of the business.
- Decision making is performed in mobile telecommunication using budgeting
- Utilization of resources is achieved with the use of budget and budgetary control
Following the investigation and analysis of data, the following findings were made
- The organization uses budgeting in achieving the goals and objectives
- The main objective of the organization is profit maximization
- Efficiency and effectiveness of the organization is achieved through the use of budgeting.
From the findings, the conclusions were arrived that budgeting is very essential and indispensable tool for profit planning and control. It helps management to be well structured in sustaining the growth and expansion of the organization.
TABLE OF CONTENTS
CHAPTER ONE
1.0    Introduction                                                                           1
1.1    Historical Development of the Firm                             4
1.2    Background of mobile Telecommunication                   5
Network Nigeria Limited/Present state of Affairs
1.3    Statement of problem                                                   8
1.4    Objective of the study                                                   8
1.5    Research Question                                                                  9
1.6    Research Hypothesis                                                   10
1.7    Scope and limitation                                                     10
1.8    Significance of the study                                                        11
1.9    Definition of terms                                                                 12
CHAPTER TWO
2.0    Literature review                                                           14
2.1    Introduction                                                                           14
2.2    Definition of budget                                                      15
2.3    Types of Budget                                                           17
2.4    The Budget period                                                                  20
2.5    Administration of the Annual Budget                                    21
2.6    Stages in the Budget process                                        24
2.7    Appraisal of fixed, flexible and other budget                         43
2.8    Planning function                                                          45
2.9    Controlling function                                                     46
2.10  Budgeting control                                                         50
2.11  Variance analysis                                                          51
- Additional Tool for Budgeting and Budgetary
control: Zero Base Budgeting (ZBB) Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 57
CHAPTER THREE
3.0    Research Design and methodology                               58
3.1    Research design                                                            58
3.2    sampling technique                                                       58
3.3    Sampling design and population size                                     58
3.4    Sources of data                                                             60
3.5    Interview questions                                                       60
3.6    Method of data analysis                                               60
CHAPTER FOUR
4.0    Presentation, Analysis and Interpretation of Data                 63
4.1    Analysis of questionnaires returned                             63
4.2    Hypothesis testing and proofing                                            71
CHAPTER FIVE
5.0    Summary of findings recommendations and conclusion        77
- Summary of findings                                                    77
- Recommendations                                                                  79
- Conclusion              &nbs