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.
Background to the Study
Made-in-Nigeria software is a term used to describe software that was developed...
Background to the Study
Legumes are nutritious and economical sources of protein for population of developing countries...
Abstract: THE INFLUENCE OF BUSINESS ANALYTICS ON OPERATIONAL EFFICIENCY
This study aims to examin...
THE INFLUENCE OF ECONOMIC CONDITIONS ON SALES STRATEGIES
This research explores the in...
Abstract
The research work examines the IMPORTANCE of marketing research in enhancing the service level of manufact...
Abstract
The aim of this study was to analyze the “Impact of Ekiti Radio campaign against human trafficking in Ido community of Ido...
Abstract
This study was designed to investigate the integrating of ICT into various subjects at the senior second...
ABSTRACT
This study was carried out to examine the effect of sales promotion strategies on customer patrona...
Abstract: THE ROLE OF FORENSIC ACCOUNTING IN ANTI-MONEY LAUNDERING EFFORTS
This study investigates the role of forensic accounting in ant...
Background of the Study
The global community of science and technology has continued to advance and hence the requirements for communicat...