Budgeting and Budgetary Control as a Tool for Financial Planning and Control (A Case Study of University of Ilorin)

TABLE OF CONTENT

CHAPTER ONE

1.0           Introduction

1.1           Background of the study

1.2           Statement of the problem

1.3           Objectives of the study

1.4           Hypothesis of the study

1.5           Scope of the study

1.6           Significance of the study

1.7           Plan of the study

1.8           Definition of terms

CHAPTER TWO:  Literature review

2.1     Introduction

2.2     Concept of Budget

2.2.2  Budgeting and Budgetary control

2.3     Budget cycle and budget process

2.4     Benefits of budget

2.5     Conditions for a successful budgeting

2.6     Effects of limiting factor  on budget

2.7     Behavioural Implication of Budget

2.8     Application of budgeting to non-profit making organization

2.9     Budget Improvement Techniques

2.10   Review of empirical studies on budgeting and budgetary control

CHAPTER THREE:        Research Methodology

3.1     Historical background of the case study

3.2     Research Design

3.3     Population of the study

3.4     Sampling method and sample size

3.5     Sources of data method of data collection

3.6     Method of data analysis

3.7     Limitation of the study

CHAPTER FOUR:          Data presentation and analysis

4.1     Presentation of Data

4.2     Data Analysis

4.3     Test of Hypothesis

4.4     Discussion of findings

CHAPTER FIVE:  Summary, conclusion and  recommendation

5.1     Summary

5.2     Conclusion

5.3     Recommendation

          References

CHAPTER ONE

1.0     INTRODUCTION

1.1     BACKGROUND TO THE STUDY

          Budgeting has become one of the indispendable tools in modern day management (for both profit and non-profit making organizations). This is because budget and budgetary control, both at  management and operational level looks at the future and lays down what has to be achieved. Budgetary control checks whether or not plans are realized and puts corrective measures into effect where deviations or shortfall is occurring.

          In view of above blucher and Chan (1999), believed that a good management implements planned operations to attain the target results. Planning is a process of charting the future course to attain goals, recognize opportunities and minimize the adverse effects of uncertain and unavoidable events. Budget however, is one of the tools of planning used by many organization, profit or non- profit, large or small, service or manufacturing. However, budgeting at the early stage of its development was concerned with preparing and presenting credible information to legitimize accountability and to permi correct performance evaluation and consequently rewards.