THE ROLE OF BUDGETING IN ACHIEVING FINANCIAL GOALS
The objectives of this research are to: (1) analyze the role of budgeting in achieving financial goals, (2) identify key budgeting practices that support financial goal attainment, and (3) evaluate the impact of budgeting on financial success. A survey design was chosen to gather data from financial managers and strategic planners. Using Taro Yamane's formula, a sample size of 378 participants from corporate organizations in Abuja was determined, ensuring comprehensive insights. The corporate sector was chosen for its structured financial goal-setting processes and potential for budgeting impact. The reliability coefficient score of the survey was 0.87. Findings indicate that effective budgeting is crucial in achieving financial goals by providing clear financial targets, improving resource allocation, and enhancing financial predictability. Recommendations include integrating financial goal-setting processes with budgeting cycles, providing training on effective budgeting techniques, and continuously monitoring and adjusting budgets to ensure alignment with financial goals.
Abstract:
This research explores the relevance of cost allocation methods in cost management in Lagos S...
ABSTRACT
A close look at the Nigeria insurance market indicate that the sale and purchase of term, assu...
Abstract: This research examines the impact of cooperative learning on adult education, focusing on how collaborative learning environments en...
ABSTRACT
This research studies the role of the library as an information resource in promoting human rights in Nigeria,...
ABSTRACT: Investigating the role of early childhood education in preventin...
ABSTRACT
This study was designed to empirically investigate the effect of corporate governance on the f...
ABSTRACT
This study was carried out on the analysis of the effect of reinforced concrete on safety of r...
Abstract
This research is carried out to appraise the insurance policy by indigenous construction compa...
Background of the study
Since time immemorial, local government autonomy has been a discussing issue among academi...
ABSTRACT
This project was centered on card based security system. The current process of security is being operated manu...