BUDGETING AS AN AID TO MANAGEMENT DECISIONS A CASE STUDY OF CROSSRIVER STATE NEWS PAPER CORPORATION

ABSTRACT

Budgeting has been useful to all organization. It guides the management of organization in decision making. Management really on budgeting information to frequently provide operating information. These operating information aid management in directing day to day operation and also provide feedback to available and control performance. Budgeting information enables the management of CrossRive State Newspaper Corporation to determine the unit cost of is products and cost of operation of the corporation. It provides information which could and the management of the Newspaper corporation to make decision, such as recruitment, sales/distribution of its products, it enable the evaluation of performance, it guides in the formulation of future polices and also gives a warning signal to management to take appropriate action against over spending and other expenditure.

CrossRiver State Newspaper Corporation has a good budgeting information system with good management team which always cooperation with budget department to implement budget document according to the set out goals of the corporation.

The problem of the corporation is not from its budgeting system, but inadequate finance to implement budgeting information.

TABLE OF CONTENTS

CERTIFICATION

DEDICATION

ACKNOWLEDGMENT

ABSTRACT

TABLE OF CONTENTS

CHAPTER ONE

1.0Introduction 1

1.1Background to the study 1

1.2Statement of problem 2

1.3Research objectives 4

1.4Research question 4

1.5Significance of the study 5

1.6Scope of the study 5

1.7Definition of terms5

CHAPTER TWO LITERATURE

2.0Introduction9

2.1Review of works done by others on the topic10

2.2Meaning of budgeting 10

2.3Types of budgets 12

2.4Classification of budgeting16

2.5Budget preparation20

2.6Purposes of budget preparation20

2.7Decision centre for management.21

2.8Function of budgeting22

2.9uses of budgeting for management decision making 22

2.10Objectives of budgeting control24

2.11Brief of profile of CRS Newspaper Corporation24

CHAPTER THREERESEARCH DESIGN AND METHODOLOGY

3.0Introduction 28

3.1Research design28

3.2Sample size and sampling Techniques 28

3.3Method s of data collection 29

3.4Tools of data Analysis 30

3.5Weakness of Methodology 30

CHAPTER FOURDATA PRESENTATION, ANALYSIS

4.0Introduction 32

4.1Data Presentation33

4.2Analysis of data38

4.3Analysis of findings41

CHAPTER FIVESUMMARY CONCLUSION AND RECOMMENDATION

5.0Introduction44

5.1Summary44

5.2Conclusion 45

5.3limitation of the study47

5.4Recommendations47

Bibliography49

Appendixes 51

Questionnaires 52