Budgetary and management control process in a manufacturing: case of guinness nigerian plc by: amalokwu obiajulum john lawrence njilefack ngoasong 4 1 budgeting system in guinness nigeria plc 27 42 cost control 28 43 interested variance analysis 29 44 evaluation of performance 29 5. •rather a sound budget implementation system is needed •so we need to focus more on budget implementation issues 2 but there is a strong link with budget preparation • problems in budget implementation may reflect a poorly formulated improving budget implementation. University, awka, nigeria and zainab arabian research society for multidisciplinary issues dubai, uae 162 publicly some consistency between the budget statement in terms of administration ethics, asugha (1997) identified indicators of transparency and accountability in government as having the reward system in the service aimed at.
Budgetary system and management of public resources in nigeria though the variables have high positive correlation but in nigeria contex t seem to embody type 11 err or as it is negative in. How to guarantee performance-based budgeting in nigeria’s sti there is no gainsaying that the issue of budgeting in the public sector is the bedrock on which the success or failure of government programmes and projects rest and thus the realization or non-realization of government goals and objectives. Of nigerian budgeting system alternative approach to budget formulation and implementation in nigeria presented at ican symposium on federal government of nigeria 2014 budget at muson centre, onikan lagos on july 15 2014 by: chief emmanuel akinsanmi babafemi hnd, bsc, msc, phd. A good budgetary system 2 methodology in order to achieve the objectives of the study, the paper generated data mainly from existing stages in budgeting in nigeria it should be acknowledged that a budget is a systematic activity it is the systematic nature of.
Zero-based budgeting as a management tool for effective university budget implementation in university of calabar, nigeria nigeria the success of any budget depends on its implementation there is no gainsaying that budget the university system zero-based budget (zbb) may be applied with a view to plan the mission, improve the. The global debate on budgeting: empirical evidence from nigeria abogun, segun department of accounting and finance, university of ilorin, ilorin, nigeria what is the extent to which companies in nigeria operate budget 2 what is the relevance of budgeting in management and its desirability as perceived by managers/users in nigeria. Performance-based budgeting is the practice of developing budgets based on the relationship between program funding levels and expected results from that program the performance-based budgeting process is a tool that program administrators can use to manage more cost-efficient and effective budgeting outlays. Traditional budgeting system and factors of investment decision making processes in public higher institutions in south-western nigeria samuel toyin adeleye, phd department of economics, faculty of social & management sciences bowen university, iwo, nigeria. Budgeting system in nigeria nigeria correctional systems 1 nigeria correctional system chiquita yusuff axia college cjs/230 nigeria correction system 2 “protect the society reform the prisoner if you cannot do the time, do not do the crime.
Budget and budgetary control as a means of achieving organizational objectives (a case study of ranccor food and packaging nigeria ltd) budget and budgetary control as a means of achieving organizational objectives to review the system of budgeting operating in an organization. Nigerian budgeting process and the magnitude of budget variances by suleiman as aruwa abstract this paper examines the problems of budgeting process and fiscal management as signified in the magnitude of budget variances and the driving external factor of oil revenue contributions. Budget is an important tool in governance and most relevant to the economic policy it is the second most important document after the constitution in any nation it signifies that budget is an expression of the constitution and statutes of government which endow the executive and legislature with designated financial and managerial.
Budgeting known as “zero-based budgeting,” or zbb zbb is a budgeting process that allocates funding based on program efficiency and necessity rather than budget. The increase in level of motorization coupled with near collapse of rail system and high cost of air travels in nigeria have put quite a lot of pressure on the country’s road transport industry this consequently has caused increased accident and fatality rate in the country. Nigerian govt planning zero-based budgeting for 2016 of stockbroking houses of nigeria (ashon) was a creative way of blocking leakages in the system to make way for a workable budget. Total revamping of government budgeting system in nigeria development is the process whereby simple, low-income national economies are transformed into modern industrial economies.
That is, they are another reason that budgeting for this system is harder than for many others moreover, as documented in chapter 4 and appendix a, immigration policy has been volatile, and it is likely to continue changing in light of public expressions of dissatisfaction with the status quo and the lack of a national consensus about the. 6 budgeting challenges a primary task of budgeting is to estimate the level of resources that will be needed in the future to support the work of established agencies, programs, and activities. This system of budgeting is an expenditure-oriented approach to budgeting where allocations are made based on objectives of expenditure, line after line using the head and sub-heads of accounts in the normal government expenditure profile. Capacity and systems in the budget process capacity at all levels of government remains a major challenge for improved budgeting the budget office and the office of the auditor general both have critical responsibilities within the budget process.