ABSTRACT
This study was carried out to examine budgetary control as an effective tool for planning and control in the banking industry using guarantee trust bank (GTB) as a case study. Specifically, the study determines whether budgets are set and pursued in banking industries. The study also, investigate the management control practice in terms of budgets being tool for management control. The study further, identify the reasons why budgets are not often realized. More so, the study find the effectiveness of budgeted control in actualizing the budgeted results. Lastly, the study encourage banking industries to seek the realization of their budgets through the efficient application of planning and control. The study used a descriptive analysis. The findings revealed that budget is an aid to the achievement of corporate objectives in banking industries. Also, budgets are often attainable in banking industries, furthermore, budgets are often pursued in banking industries. Lastly, budget provides the means of measuring, viewing and controlling can help in control and planning the operation of banks. The study hereby recommend that since departments participate in budgetary control process, the organizations should use budgets to motivate employees to do better, forecast the future, to assist in control, as a means by which management communicates to other levels of department and as a means of performance appraisal. This will in turn improve the financial performance of the organizations. Also, since control and budgetary controls are not intimately linked with considerations of labor controls they should be employed by the firm to improve financial performance, adopt long range planning and long range forecasting techniques in budget planning at banks.
ABSTRACT
This study was carried out to examine the use of social networking in transmitting organiz...
ABSTRACT
Nigeria’s public policy thrusts over the years towards the socio-economic and political...
ABSTRACT
This study investigated the impact of corporate social responsibility practic...
Abstract: THE IMPACT OF FORENSIC ACCOUNTING ON ORGANIZATIONAL GOVERNANCE
This study aims to investigate the impact of forensic accounting...
EXECERPT FROM THE STUDY
There are 23 Personal Soft Skills indicator, namely: Personal Effectiveness, Flexibility, Manage...
ABSTRACT
This research assesses the factors mitigating the effective preparation of cost estimates at t...
ABSTRACT
Poverty has the consequences of breeding social disillusionment with respect to what the objec...
Abstract
This work is aimed at looking into the impact of public relations in First Bank of Nigeria PLC Enugu Zonal Headquarters. First B...
EXCERPT FROM THE STUDY
Nigeria’s entertainment media may be attempting to sustain primordial patriarchal cultural practices that pe...
ABSTRACT
This study assessed the Assessment of Junior Secondary Business Studies Curriculum Implementation in Plateau State, Nigeria. The...