THE EFFECT OF BUDGETING AND BUDGETARY CONTROL ON ORGANIZATION PERFORMANCE
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- Recommended for : Student Researchers
- NGN 3000
Abstract
The purpose of the study was to carry out a preliminary investigation on budgetary control and improved performance. It also set out the measure of performance on the organizational and determined the inhibiting factors that affect the use of budgetary controls. In this project, Ojo local government was chosen as a case study. The objective was to evaluate the impact of budgeting control in organizations performance, evaluate factors inhibiting effective budgetary control in an organization among others. Data used for the research was collected through well-structured questionnaire using simple random sampling for selecting respondents. Analysis of data was done using frequency percentage and chi-square. Findings from this study revealed that budgets and budgetary controls are factors that can influence the performance of an organization, as they have a very mutual relationship. Concerning how budgets are linked to performance, budgets and budgetary controls mainly form and give every organization the structural support to achieve its goals and objectives, and maximizing performance, through resource allocation and control. Recommendations were then made that all organization must prepare budget and put in place budget control since it has a great impact on organization performance. Also budget control should be made mechanism for resource and control and it should be linked at all times to overall corporate strategies
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