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Cost Control And Accountability For Effective Budget Implementation, Chukwumah Lawyer Obara Dr
Cost Control And Accountability For Effective Budget Implementation, Chukwumah Lawyer Obara Dr
Lawyer Obara
Because of the growing complexity of business and business problems and because of the movement toward decentralization in large enterprise, increased attention is being given to better planning and control techniques. Consequently, the use of sound budgeting techniques is becoming more prevalent. Again, corporate restructuring has resulted in a treno toward placing the responsibility for budgeting at higher levels in the organization allowing for a stronger cost control and accountability measures. Consequently, the paper advocate the use of cost control method to monitor, evaluate, and ultimately enhance the efficiency of specific business areas such as departments, divisions, or product lines. …
Budget Preparation And Implementation In The Nigerian Public, Chukwumah Lawyer Obara Dr
Budget Preparation And Implementation In The Nigerian Public, Chukwumah Lawyer Obara Dr
Lawyer Obara
This paper reviewed the practice of budgeting and budget implementation in Nigeria. The objective was to empirically suggest ways of getting out of the jinx of continual and repeated adverse budgetary performance. In order to secure best value in terms of allocation and utilization scarce resources in Nigeria, we advocated the concept of value Money Audit, due process and cost Audit. These concepts if properly applied alongside good public procurement philosophy will engender a strong legal, organizational and professional framework to make budgeting and budget implementation in the Nigerian Public Sector robust and effective. Therefore, the paper strongly recommend professionalism …