ABSTRACT
This research work has focused on investigation on the use of budgeting as a tool for planning and control in topical manufacturing industry like Nigeria breweries Plc, Enugu. The objective of the study is the show the important of budgeting as a tool for planning and control in operation of a manufacture industry which has profit maximization as its principal objectives the research also aims at identifying the procedures adopted in the formulation of annual budgets of Nigerian Breweries Plc.
Based on this, the following hypothesis was formulated for the study, the hypothesis is include:
1. Managers use budget as a tool for planning and controlling the good of the business or organization.
2. Decision making is performed in a manufacturing industry using budget.
3. Utilization of resources is achieved with the use of budget and budgetary control.
Following the investigation and analysis of the data the following findings were made:
1. The organization uses budgeting in achieving their goals and objectives which can be with out
.
2. The main objective of the organization is maximization of profit which will be done through budget.
3. Efficiency and effectiveness of the organizations operation as enhanced through the use of budgeting e.t.c.
From the findings the conduction were arrived that budgeting is a very essential and indispensable tool for planning and control it helps management to be well structured in sustaining the growth and expansion of the organization.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Business organizations need planning to achieve their aims and objective.It thorough planning in an organization cannot be done without involving the act of budgeting. The management has the purpose of providing feed-forwarding process.The concepts of feed-forward process into provide each manager with guidelines for making operation decision on a day-to-day basic.Budgeting deals with plants and monitoring activities to ascertain whether they confirm to the plan.This is the control and coordination aspect of budgeting.