THE ROLE OF BUDGETING IN FINANCIAL DECISION-MAKING
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
THE ROLE OF BUDGETING IN FINANCIAL DECISION-MAKING
This study aims to: (1) investigate the role of budgeting in financial decision-making, (2) identify key budgeting practices that support sound financial decisions, and (3) evaluate the impact of budgeting on financial stability. A survey design was employed to gather data from financial managers and decision-makers. Using Taro Yamane's formula, a sample size of 379 participants from corporate organizations in Lagos was determined, ensuring comprehensive insights. The corporate sector was chosen for its structured decision-making processes and potential for budgeting impact. The reliability coefficient score of the survey was 0.88. Findings indicate that effective budgeting significantly enhances financial decision-making by providing clear financial frameworks for evaluating options, setting financial targets, and ensuring alignment with organizational goals. Recommendations include integrating financial decision-making processes with budgeting cycles, providing training on effective budgeting techniques, and continuously monitoring and adjusting budgets to ensure sound financial decisions.
Related Project Materials
THE IMPACT OF GLOBALIZATION ON BUSINESS PERFORMANCE
This research explores the impact of globalization on business performance. Objectives are: (1) to assess how globalization influences market expan...
INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) DEPLOYMENT IN ARCHITECTURAL FIRMS IN NIGERIA
ABSTRACT
Architectural practice has been in existence in Nigeria for more than fifty years and the earliest introduction of computers by...
INNOVATIONS IN PROMOTING SUSTAINABLE PRACTICES IN VOCATIONAL TRAINING
ABSTRACT: This study investigates innovations in promoting sustainable practices in vocational training, focusing on initiatives that integrat...
IMPACT OF HEALTH EDUCATION ON ADULT WELL-BEING
Abstract: The impact of health education on adult well-being is a crucial topic, particularly in areas with limited access to healthcare informatio...
ANALYZING STUDENT MOTIVATION IN TECHNICAL EDUCATION PROGRAMS
Abstract: This study analyzes student motivation in technical education programs in Nigeria...
IMPACT OF SELF-DIRECTED LEARNING ON ADULT LEARNERS
Abstract: This study investigates the impact of self-directed learning on adult learners, examining how self-motivated educational approaches...
STRATEGIES FOR PROMOTING COLLABORATION BETWEEN VOCATIONAL SCHOOLS AND INDUSTRIES
Abstract: Strategies for promoting collaboration between vocational schools and industries...
A CRITICAL DISCOURSE ANALYSIS OF WOLE SOYINKA’S THE BEATIFICATION OF AREA BOY.
ABSTRACT
This project is a Critical Discourse Analysis of Wole Soyinka’s The Beatification of Area Boy. N...
AN APPRAISAL OF INVESTOR CONFIDENCE IN THE NIGERIAN REAL ESTATE SECTOR
ABSTRACT
The overall view of the Nigerian investment environment can be deemed non-profitable to the plain eye. It is on...
MEDIA AND CREATION OF POLITICAL AWARENESS
ABSTARCT
This study was carried out on the impact of media in creating politi...
