THE INFLUENCE OF BUDGET FORECASTING ON BUSINESS PLANNING
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
THE INFLUENCE OF BUDGET FORECASTING ON BUSINESS PLANNING
This study aims to: (1) analyze the impact of budget forecasting on business planning, (2) identify the key benefits of accurate budget forecasting, and (3) evaluate the challenges associated with budget forecasting. A survey design was employed to gather data from financial planners and business strategists. Using Taro Yamane's formula, a sample size of 380 participants from retail firms in Enugu was determined, ensuring comprehensive insights. The retail sector was chosen for its dynamic business environment and need for accurate forecasting. The reliability coefficient score of the survey was 0.87. Findings reveal that accurate budget forecasting significantly enhances business planning by providing reliable financial projections, aiding in strategic decision-making and resource allocation. Recommendations include investing in advanced forecasting tools, providing training on accurate forecasting techniques, and continuously reviewing and adjusting forecasts to align with business plans.
Related Project Materials
ASSESSMENT OF EFFICIENT INVENTORY MANAGEMENT ON THE PERFORMANCE OF MANUFACTURING FIRMS IN NIGERIA
Background to the study
The material or inventory management function is one of the most relevant roles...
EVALUATION OF THE TOURISM SECTOR'S PROBLEMS IN EXPANDING NIGERIA'S ECONOMIC OPPORTUNITIES
BACKGROUND OF THE STUDY
According to Long (2012), tourism is an efficient approach to reinvigorate the...
THE IMPORTANCE OF MARKETING IN SERVICE ORGANIZATION (A CASE STUDY OF UBA BANK)
ABSTRACT
This research work is aimed to describe the importance of marketing, one need not to look furt...
CRITICAL ANALYSIS OF THE MILITARY JUSTICE SYSTEM IN NIGERIA
ABSTRACT
One of the issues that has continued to generate controversy among the bar, the bench and international and local human right ac...
AN EXPLORATION OF INNOVATIONS IN PROMOTING SUSTAINABILITY PRACTICES IN VOCATIONAL TRAINING
ABSTRACT: Innovations in Promoting Sustainability Practices in Vocational Training explores new approaches and strategies to integrate sustainable...
THE INFLUENCE OF SOCIO-ECONOMIC STATUS ON MARITAL STABILITY
ABSTRACT
The study examined the influence of socio-economic status on marital stability among couples i...
EVALUATING THE CAREER OUTCOMES OF VOCATIONAL EDUCATION GRADUATES
Abstract: This study evaluates the career outcomes of vocational education graduates in Nig...
APPLICATION OF SATELLITE BASED REMOTE SENSING TO THE ESTIMATION AND MONITORING OF CROP HEALTH
ABSTRACT
The effect of loss in the availability of farm products has a lot of negative impact on the society. The decrease in crops produ...
THE IMPACT OF TAXATION OF FOREIGN INCOME AND OFFSHORE INVESTMENTS
Abstract: THE IMPACT OF TAXATION OF FOREIGN INCOME AND OFFSHORE INVESTMENTS
This research explores the impact of taxation on foreign inco...
EVALUATION OF HOUSEHOLD WASTE MANAGEMENT PRACTICES IN ZARIA CITY KADUNA STATE
INTRODUCTION
One of man's greatest risks today is the poor sanitary state of his surroundings, which is produced by...
