ABSTRACT
This project is on the role of
Budgeting in tertiary institutions management.
It focus on examining the relevance of budgeting in Tertiary
institution.
The problems stated in this project
are related to the control of difficulties in co-ordination tertiary
institution budgets. The objectives of
the project is to ascertain the role and systems of budgeting in tertiary
institution.
Above all the role of budgeting were
found to aid planning, co-ordinating, directing, organizing communicating
motivating, performing, evaluating, participating and controlling. Tertiary institution should budget their
activities to secure the best use of their resources and budgets should be well
planned and adequately monitored.
TABLE OF CONTENTS
Title
page ii
Approval
page iii
Dedication iv
Acknowledgement v
Abstract vi
Table of
content vii
CHAPTER ONE
Introduction 1
1.1
Background of the study 2
1.2
Statement of the problem 3
1.3
Purpose/objective of the study 4
1.4
Significance of the study 5
1.5
Limitations of the study 6
CHAPTER TWO
Review of
related literature 7
References 13
CHAPTER THREE
Research
design and methodology 14
3.1
Research Design 14
3.2
Sources of data (secondary sources only) 14
3.3
Data Collection Method 15
3.4
Method Of Data Analysis 15
References 16
CHAPTER FOUR
4.1
Findings 17
4.2
References 19
CHAPTER FIVE
Conclusion, recommendation and
suggestion 20
5.1
Conclusion 20
5.2
Recommendation 20
5.3
Suggestion 21
Bibliography 22
CHAPTER ONE
INTRODUCTION
During recent years, Budgeting is one
of techniques involve in the process to meet the increasing complexities of the
business society.
Budgeting
has gained much recognition and is of general application.
Oxford
Advance learners dictionary explained that budget is an estimate or plan of the
money available to somebody and how it will be spent over period of time. Government invested huge sum of money in
reliabilitating and equipping tertiary institution to raise standard of
education in the state.
Education continues to be a top
priority of the state Government, to wipe away the agony of sitting on the
floor or standing up when receiving lectures, by providing the necessary things
needed to make students comfortable in receiving lectures and other
requirements such as provision of banking and finance department both for ND II
and HND I
At these juncture, the above reasons
make the need for this research into the role of budgeting in tertiary
institution very pertinent.
1.1 HISTORICAL
BACKGROUND
Establishment of the instate of
management and Technology Enugu stated 1967 in Enugu the college of Technology
which offered courses in Engineering and Laboratory Technology up to the
ordinary diploma level. But one morning
I came to school I saw a student of banking and finance and a student of
electrical electronics fighting even HND I Banking and finance and ND I banking
and fiancé students quarrelling over a department, I now ask a question on the
reason, why banking and finance student are fighting with electrical electronic
student and why ND I banking and finance are Quarrelling with HND I, the answer
I received is that banking and finance does not have department that they have
been given electrical electronics department to be used s a place of study
until, they are able to build their own.
I now ask again, WHY, NDI AND HNDI banking and finance are quarrelling over each other, the answer I
receive is that the NDI students are sharing the class room with HNDI so during
the period of HND I to receive their lectures NDI student will be in the class
making noise. Some time they might even
enter into the class when their own time to enter has not come and these have
been a very big problem on enemy one of them because of these issue of shameg
class room, they will not be given enough time to read in the class room even
the lecturer will not have enough time to finish what has for the day and these
problem contributed to set back students in banking and finance
department. These encountered in every
semester that make accountancy department to be much far ahead of them in any
course that they are offering together with the accountancy department.
For the above reason I decided to go
into deep research on the role of budgeting in tertiary institution management
to see if we can put an end to these problem of sharing class by building A new
place for banking and finance department both ND level and HND level to avoid
issue of fighting with one another. To
know whether budgeting performs its roles in tertiary institution level.
1.2
STATEMENT
OF THE PROBLEM
This
research is designed to identify the hindrance towards implementation of
budgeting in tertiary institution management.
To know whether budgeting performs its role in tertiary institution
management as regard the establishment of banking and finance department
block. To work towards under estimation
of money made valuable for carrying out the project in tertiary institution
management. To focus on the project in
which money has been raised instead of diverting it ot another project that has
nothing to do with tertiary institution management. To commit the project to reliable engineers
who will not mismanage the money made available. To put an end to fighting between NDI banking
and finance student and HND I banking and finance student and HND I banking and
finance department. To avoid sharing of
class room between and department which is the major distraction each level of
department encountered during any semester.
1.3
PURPOSE/OBJECTIVES
OF THE STUDY
(a)
To describe how budget performs the role of
tertiary institution management.
(b)
To know the extent to which government funds the
institutions
(c)
To ascertain whether budgeting accomplishes its
roles in tertiary institution.
(d)
To improve the effectiveness of the roles of
budgeting in a depressed economy.
(e)
To eliminate unemployment among graduates after
may years in university and polytechnics.
1.4
SIGNIFICANCE
OF THE STUDY
(a)
It will be a source of help to students in writing
their own projects in future.
(b)
It will be a materials guide to any body who may
wish to undertake a critical review of this work or related topics in the
future.
(c)
This will help the researcher to prepare for the
award of ordinary national diploma in banking and finance department which will
usher him to the industrial attachment to practice what he has been training
for in the office he might be privileged to serve during his/her (IT)
industrial Training.
(d)
It will help the researcher to have knowledge on
the role Budgeting plays in tertiary institution management incase if the
researcher becomes governor tomorrow he
will ensure that all these roles will be accomplish. Or if these contract are given to him he will
not mismanage it as other engineers due rather he will ue it to accomplish the
task.
1.5
LIMITATION
OF THE STUDY
The time
given was not Enugu
for the researcher to conduct and in depth study of the topic. Some of researcher time was distributed among
attending lectures and meeting up with other academic requirements.
The
researcher spent money in visiting some offices of tertiary institutions,
libraries both state and national.
Seminar was conducted to enlightened the researcher on the role of budgeting
in tertiary institution management.
Finally,
the researcher visited government house to know how governor are making effort
in the development of tertiary institution through a well defined budget. But there is not money to travel out of town
so it limit the research.
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