Select Currency
Translate this page

CASH BUDGETING AS A BASIS FOR DECISION MAKING. (A CASE STUDY OF AGUATA LOCAL GOVERNMENT AREA)

Format: MS WORD  |  Chapter: 1-5  |  Pages: 77  |  5065 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE COMPLETE PROJECT

CASH BUDGETING AS A BASIS FOR DECISION MAKING. (A CASE STUDY OF AGUATA LOCAL GOVERNMENT AREA)

 

CHAPTER ONE
1.1   INTRODUCTION                
“For which of you desiring to build a tower does not first   sit and account the cost whether he has enough to complete it” (Lk. 14:28). Every rational economic unit has some objectives to   attain.  Individuals, corporate bodies or governments have objectives to achieve. To achieve their respective objectives, resources have to be made available. Unfortunately nature did   not distribute her resources abundantly, whilst objectives and   needs are numerous and varied as there are various economic units.  But the means (that is resources) to satisfy those needs are very scarce.  Thus one has to utilize his available resources effectively in order to realise what one want.  To maximize the objective of an economic unit requires that one has to plan.        
Planning, therefore is the process of determining the future course of action in order to attain a desired objective or a set goal.  A business enterprise may have as its objective the erection of an addition factory in say, seven years time.  It therefore draws up a plan to accomplish the task it has set for itself. Because finance is scarce, thus each year the enterprise has to plan towards the building of the factory.  This yearly explain is known as budgeting – a subset of corporate plan. To a lay man, budget is just an estimate of how to spend money.  To the government budget is an estimate of a plan of     how resources are going to be supplied and utilized stated a quantitative and monetary terms within a specified period. To accountant therefore budget is a quantitative statement in financial terms, prepared for a specific period, it may be one year for the realization of enterprise set goals.  It is thus a very     important decision-making instrument. A budget is defined as a financial or quantitative statement, prepared and approved prior to a defined period of time, of the policy to be pursued for the purpose of attaining a given objective.   
A budget is the conversion usually by segments and on short range basis of plan into figures, an accounting as it were for the future). A comprehensive budget is made up of functional or sub-budgets. Some of them are, sales budget, production budget, material purchase budget, factory cost budget, selling and administrative budgets, capital expenditure budget etc.        
All these functional budget are summarized and compressed in    one budget called the MATER BUDGET. This is defined as a total budget in which are packaged in one statement the sale; expenses on production, capital     movement on land, equipment and cash budgets of an organization.  
CASH BUDGET
Since cash is the most active financial account in a business, the key in preparing a financial budget is therefore, a forecast of cash flows leading to a cash budget.  A cash budget is one of the most important budgets prepared in an organisation. It shows in summary form, the expected cash receipt and expected cash payment during the budget period, liquidity and cash flow management are key successful operations of any organisation and it is with good reason that cash budget should receive close attention from accountants and managers. 
A cash budget is defined as the planed cash position by interim period for a specific time span” it consists of two parts.
a.  The planned cash receipt (inflows)
b.  Planed cash disbursements (outflows)
It is concerned with ways to speed up the inflow of cash, ways to delay outflow of cash, sources of cash and temporary uses of excess cash.          
Cash budget shows the effect of the budget activities selling, buying, paying wages, investing in capital equipment and so on, on the cash flow of an organisation, it is a continuous activity with budgets being rolled forwards as time progress. Cash budget are prepared in order to ensure that there will be just sufficient cash in hand to cope adequately with budgeted activities.  The cash budget may show that there is likely to be a deficiency of cash in some future period in which cash over draft or loans will have to be arranged or activities curtailed or alternately the budget may show that there is likely to be cash surplus in which case appropriate investment or use for the surplus can be planned rather than merely leaving the cash idle in current account.
1.2       STATEMENT OF PROBLEM        
Budget is one of the controlling instrument by Management.  It is a plan or estimate to be attained by an enterprise.  The problem is why budget goals in some cases failed to be realised.  It is because of insufficient capital.  There are numerous needs but resources to satisfy these need are very scarce.  It is with the view to find solution to these problems that the researcher has undertaken this study with Aguata Local Government Area as a cash study.    
1.3   PURPOSE OF STUDY        
This study is embark upon in order to assist organizations and other interested groups who use cash budget in decision makings.  Infact the objectives of this research are: To inform an organisation of its cash position at any point in time.  To explain how situational variable could effect budget goals and to point out budget limitations.  
1.4   SIGNIFICANCE OF STUDY        
The significance of the cash budgeting are:
a.    Cash budgeting instills in executive as well as their sub-ordinates the habit of basing decision on investigations studies and research.
b.    It provides the yard stick for control of operations is a business firm or any organisation.
c.    It makes possible the control over operation, revenue and cost.    
1.5   SCOPE AND LIMITATION          
In carrying out this work the researcher encounter some constraints.  
A.  Money:     A huge amount of money was needed in printing out the questionnaires and equally large amount of money was needed in shuttling between one office and the other in distributing the questionnaires and in collecting them back.  
B. Time:       The time allotted for the research work was not enough as to enable the research give an in-depth treatment to is.  
C. Low Response by the respondents:    Some of the respondents would tell you to come and collect the questionnaire in about two days time, only to be met with their absence on the day appointed. Then to reduce this constraints made the researcher to chose Aguata Local Government Area which is nearness as a scope of study.
1.6       FORMATION OF HYPOTHESIS
 Based on the statement of the problem the following hypothesis has been formulated.  
A.     Ho:   my organization has been operating a system of cash budgeting.     
        HA:  My organisation has not been operating a system of cash budgeting.
B.     HO:  Operating of cash budgeting in my organisation has been continuous.
        HA:  Operating of cash budgeting in my organisation has not been continiuos.  
C.     HO:  If my organisation experiences any cash budget surplus, it invests it to field income
        HA:  If any organisation experiences any cash budget surplus, it does not invest.  
1.7       DEFINITION OF TERMS  
CASH:   Money inform of coins and notes rather than cheques.  
BUDGET:    A financial summary of estimated income and expense of a government, business or household for a given period of time, usually one year.
CASHFLOW:  The flowing of money into a business (as income and out of business wages materials).  
MANAGEMENT:      The body of these in positions of administrative authority.

  DOWNLOAD THE COMPLETE PROJECT

CASH BUDGETING AS A BASIS FOR DECISION MAKING. (A CASE STUDY OF AGUATA LOCAL GOVERNMENT AREA)

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON CASH BUDGETING AS A BASIS FOR DECISION MAKING. (A CASE STUDY OF AGUATA LOCAL GOVERNMENT AREA) INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Emmanuel Essential
Kogi state University
I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟
Very Good
Adam Alhassan Yakubu
UDS
Excellent work and delivery , I promise to share my testimonies everyone in need of this kind of work. You're the best
Excellent
Abdul Mateen Iddrisu
UDS
At first I taught is a site full of fraudsters until I saw my project in my Gmail after my payment.. THANK YOU IPROJECTMASTER and May God the almighty bless u guys abundantly
Excellent
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Excellent
Uduak From Uniuyo
IProjectMaster is the best project site for students. Their works are unique and free of plagiarism!
Excellent
Peace From Unilag
I cried not knowing how to go about my project but the day i searched online and saw iprojectmaster, i called and got my full project in less than 15minutes, i was shocked!
Excellent
Abraham Ogbanje
NATIONAL OPEN UNIVERSITY OF NIGERIA
At first I was afraid.. But I discovered they are legit. I will bring more patronize
Very Good
Merry From BSU
I am now a graduate because of iprojectmaster.com, God Bless you guys for me.
Excellent
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on CASH BUDGETING AS A BASIS FOR DECISION MAKING. (A CASE STUDY OF AGUATA LOCAL GOVERNMENT AREA)?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on CASH BUDGETING AS A BASIS FOR DECISION MAKING. (A CASE STUDY OF AGUATA LOCAL GOVERNMENT AREA)?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for CASH BUDGETING AS A BASIS FOR DECISION MAKING. (A CASE STUDY OF AGUATA LOCAL GOVERNMENT AREA), What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!