VARIANCE ANALYSIS AS AN AID TO BUDGETING AND BUDGETERY CONTROL (A CASE STUDY OF NEPA, KADUNA DISTRICT OFFICE)
VARIANCE ANALYSIS AS AN AID TO BUDGETING AND BUDGETERY CONTROL (A CASE STUDY OF NEPA, KADUNA DISTRICT OFFICE)
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Date
1999-08
Authors
IFY, ONWUNYILIGBO JUDE
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Abstract
A budget, as a financial and quantitative statement, proposed and approved
for the purpose of achieving a given objective must parade reliable estimates
for this purpose to be achieved. This is why budget variances, which
represents the difference between budgeted and actual results when they
occur raise questions, as to the causc(s) of these variances.
Our study is intended to investigate the significance of the operating
expenditure varianecs recorded in the operating expenditure vote book
returns of the National Electrics Power Authority, Kaduna district office. To
achieve this aim we took an analysis of the variances as recorded against
each depts./scction in these returns for the period spanning 1997 to 1999.
Our results show that the varianees are indeed significant. They represent
material (substantial) deviations from their budgeted amounts. However the
deviations were not significant in the last year of our study, showing more
and stricter adherence by management to the intentions of the vote book
controls.
urther investigations are however recommended, in lo the significance of
the variances recorded in sonic other cost centers of the authority. This is
necessary as the conferment of this study to a single cost center docs not
make for an all comparative findings and conclusive statement.
Description
A RESEARCH PROJECT SUBMITTED IN PARTIAL
FULFILMENT OF THE REQUIREMENTS FOR THE AWARD
OF THE DEGREE OF MASTER OF BUSINESS
ADMINISTRATION (MBA) OF THE AHMADU BELLO
UNIVERSITY, ZARIA.
Keywords
VARIANCE,, ANALYSIS,, BUDGETING,, BUDGETERY,, CONTROL,, CONTROL,, KADUNA,, DISTRICT OFFICE,