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
THE ROLES OF THE MASS MEDIA IN THE FIGHT AGAINST RELIGIOUS CRISIS
THE ROLES OF THE MASS MEDIA IN THE FIGHT AGAINST RELIGIOUS CRISIS
ABSTRACT
This study was car...
THE ROLE OF THIRD-PARTY LOGISTICS PROVIDERS IN SUPPLY CHAIN OPERATIONS
Abstract: THE ROLE OF THIRD-PARTY LOGISTICS PROVIDERS IN SUPPLY CHAIN OPERATIONS
This study aims to explore the role of third-party logis...
EFFECTIVE PROFIT PLANNING IN NIGERIAN ORGANISATIONS
STATEMENT OF THE PROBLEM
Hilton (1991:201) observed that both the market forces of demand and supply and the cost of pro...
DETERMINATION OF YEARLY PERFORMANCEAND DEGRADATION RATE OF ELECTRICAL PARAMETERS OF A MONOCRYSTALLINE PV MODULE IN MINNA, CENTRAL NIGERIA
ABSTRACT
There is a need for accurate knowledge of the performance, degradation rate, and lifespan of the photovoltaic (PV) module in eve...
GENDER INEQUALITY AND WOMEN PARTICIPATION IN POLITICS A CASE STUDY OF KADUNA 2011 GENERAL ELECTION IN NIGERIA,
ABSTRACT
The study is to assess the gender inequality and women participation in politics: 2011 General election in...
AN ASSESSMENT OF THE CORRELATES BETWEEN INCENTIVE PACKAGES AND TEACHERS PERFORMANCE IN SECONDARY SCHOOL
Background To The Study
Teachers have been regarded as having a significant impact on the educational s...
AN EVALUATION OF GENDER ADMISSION DESIGN INTO SECRETARIAL STUDIES PROGRAMMES IN HIGHER INSTITUTIONS
BACKGROUND OF THE STUDY
Gender refers to the acquired social distinctions and relationships between men...
STUDENTS’ PERCEPTION TOWARD THE USE OF E-LIBRARY RESOURCES: A CASE STUDY OF KSUSTA
Background of the study
The advent of digital technology has revolutionized various aspects of human en...
RELATIONSHIP BETWEEN WORK - RELATED STRESS AND JOB SATISFACTION AMONG SECONDARY SCHOOL TEACHERS IN NORTH-WEST ZONE, NIGERIA
ABSTRACT
The purpose of this study was to assess relationship between work- related stress and job satisfaction among secondary school te...
THE ROLE OF CUSTOMER JOURNEY MAPPING IN UNDERSTANDING CUSTOMER NEEDS
THE ROLE OF CUSTOMER JOURNEY MAPPING IN UNDERSTANDING CUSTOMER NEEDS
This research investigated the role of customer journey mapping in u...
