Budgetary Control As A Tool For Effective Management In Tertiary Institution

Budgetary Control As A Tool For Effective Management In Tertiary Institution (A Case Study Of  Enugu State University Of Science And Technology (Esut)

Abstract

The research was on budgetary control as a tool for effective management in tertiary institutions. (A study of Enugu State University of Science and Technology (ESUT). The aim of this research is to find out whether budgetary control has a significant effect on revenue generation and expenditure of tertiary institutions, and also to find out whether budgetary control has improved the efficiency and effectiveness of tertiary institutions. Data for this resreach work were gotten by the way of administering questionnaires, published textbook, and journals presentation and analysis of data were carried out using the simple percentage method and the formulated hypothesis were tested using analysis of variance (ANOVA) statistical technique. The resreach shows the following findings: that budgetary control system has a significant effect on the revenue generation and expenditure of  tertiary institutions, that budgetary control system has improved the management efficiency and effectiveness of tertiary institutions. The researcher recommended that their should be education and should based on management by objective (MBO), their should be rewards and incentive to budge workers for favourable budget variance and the management should also encourage team work among themselves by stressing group reward above individual reward for all heads of departments at a reasonable large of attainment of the institutions objectives. Continue reading Budgetary Control As A Tool For Effective Management In Tertiary Institution