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 EFFECT OF SEGMENTATION IN THE TARGET MARKETING OF NBL PLC IN ENUGU STATE
ABSTRACT
This research project is very crucial study of the effect of segmentation in the target marketing of NBL plc E...
DESIGN AND IMPLEMENTATION OF A COMPUTERISED RESTURANT MANAGEMENT INFORMATION SYSTEM CASE STUDY JEVENIKS RESTURANT ENUGU STATE
ABSTRACT
This project work is primarily designed to give an insight to computer based restaurant management information system. It is as...
EVALUATION OF TOTAL QUALITY MANAGEMENT PRACTICES OF CONTRACTORS IN BUILDING INDUSTRY IN ABUJA, NIGERIA
ABSTRACT
Many of the management practices used to support construction organisations are being challenged. The industry’s clients a...
THE IMPACT OF FUND ACCOUNTING FOR INSURANCE AND REINSURANCE COMPANIES
Abstract: THE IMPACT OF FUND ACCOUNTING FOR INSURANCE AND REINSURANCE COMPANIES
This study aims to: (1) investigate the unique accounting...
BUREAUCRACY AND SERVICE DELIVERY IN THE NATIONAL ASSEMBLY: A STUDY OF THE SENATE DIRECTORATE 2015 – 2019
Background to the Study
The aim of this research is to critically examine, assess and evaluate bureaucracy and service...
IMPACT OF ADULT EDUCATION ON REDUCING CRIME RATES
Abstract: This research explores the impact of adult education on reducing crime rates. Adult education programs play a vital role in reducing...
THE IMPACT OF GIRL-CHILD EDUCATION TO COMMUNITY DEVELOPMENT
ABSTRACT
If you educate a female then you have successfully educated a community, goes the sayings: so female &ndash...
THE IMPORTANCE OF FINANCIAL ACCOUNTING LITERACY ON THE GROWTH, DEVELOPMENT, SURVIVAL, PRODUCTIVITY AND PERFORMANCE OF SMES IN KWARA STATE
ABSTRACT
This study was carried out to examine the importance of financial accounting literacy on the g...
THE EFFECTS OF INVENTORY MANAGEMENT AND CONTROL ON THE PERFORMANCE OF SMALL MANUFACTURING COMPANIES
Background of the Study
Inventories are vital to the successful functioning of manufacturing and retail...
STORAGE AND PRESERVATION OF LIBRARY AND INFORMATION MATERIALS
ABSTRACT
Libraries in third world countries despite the constraints of finance confronting them still make huge inve...
