AN ANALYSIS OF EFFECT OF BUDGETING, PLANNING AND CONTROLLING ON THE PROFITABILITY OF MANUFACTURING COMPANY IN KOGI STATE, NIGERIA
- Post by: Africaitconsultancy
- August 2, 2024
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Accepted: Published: Online:
Abstract
Abstract <br /> This study examined and assessed the effects of planning, budgeting, and controlling on a manufacturing company's profitability. The manufacturing company's production and promotion enterprise was selected with care to serve as the study sample. Respondents represented a variety of authorities and cost accountants by way of the survey and questionnaire preparation, which gathered and analyzed the primary data using statistical techniques. The primary goal of the research was to articulate a methodical conceptual framework about the budget and its intentional significance for a manufacturing company's profitability. The study's most important assumptions and references were that the chosen business must consider the impact of its budgeting, planning, and control procedures on the efficacy of the company as a planned objective and presence among the important factors for its operations, primarily in relation to the organization's practices presentation. Descriptive statistics like percentages and arithmetic mean scores were used to analyze the data. Data from the demographic profile, correlation, regression analysis, ANOVA test analysis, and reliability test were obtained. The information was collected as percentages. Statistical analysis was used to create a data summary using SPSS. Descriptive statistics were used in this study to indicate the findings. A descriptive statistic is a study of data that aids in the meaningful description, visualization, and summarization of data.<br />