THE EFFECT OF BUDGET CONTROL ON NON PROFIT MAKING ORGANIZATION (A CASE STUDY OF NATIONAL COMMISSION FOR COLLEGES OF EDUCATION)
THE EFFECT OF BUDGET CONTROL ON NON PROFIT MAKING ORGANIZATION (A CASE STUDY OF NATIONAL COMMISSION FOR COLLEGES OF EDUCATION)
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Date
1999-10
Authors
UKOH, UKOH IROGBEREACHI
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Abstract
We live in an age which is full of uncertainty. It is the setting of this nature that
planning is of importance in the management of any organization. Due to the
pervasiveness and complexity of job, management needs all the assistance
available for preparation and implementation.
A budget being a quantitative and monetary expression of the plan, serves as
one of the tools for planning and control devices. Budget helps to control specific
operation and also helps to prevent waste. It pinpoints the extent or lack of
efficiency, in that actual performance will be compared with the budgeted figures
at the end of the budget period. To keep track of deviations, report must be
monitored periodically so that necessary adjustment would be made.
National Commission for Colleges of Education was used as a case study.
Using review of the Commission's documents and questions answered by some
key officers in comparison to the literature review, It was found out that the
Commission uses incremental budgeting system. This system has helped the
Commission to make savings. More so, as the Director and Deputy Director are
chartered Accountants who are guarding their profession jealously. This has
given room to adequate control measures to be put in place and monitored. The
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dividend being the secretariat and management quarters at Abuja which the
Commission will soon be going over to occupy.
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Keywords
EFFECT,, BUDGET CONTROL,, NON PROFIT,, MAKING ORGANIZATION.