FINANCIAL PLANNING AND CONTROL A KEY TO MANAGEMENT EFFICIENCY.
TABLE OF CONTENTS
Table of contents
List of Tables
1.1 Background of the Study
1.2 Statement of the Problem
1.3 Objectives of the Study
1.4 Limitation of the Study
1.5 The Scope of the Study
1.6 Research Question
1.7 Significance of the Study
1.8 Definition of Terms
Review of Related Literature and the Organization Structure of Brewery (Nig Plc)
2.1 Review of Related Literature
2.2 Productions Cost Control
2.3 Cost Reduction
2.4 Production Cost
2.5 Accounting for Elements of Production Cost
2.7 Cost Control Methods
2.8 The Organization Structure of Brewery Plc
Research Design and Methodology
3.1 Research Method
3.2 Description of Instrument Used and Sources of Data
3.3 Sample Population
3.4 Sample Size Determination
3.5 Statistical Tool
3.6 Statistical Treatment of Data
Data Presentation, Analysis and Interpretation
4.1 Data Analysis and Interpretation
4.2 Test of Hypothesis
4.3 Test of Hypothesis II
Summary of Findings, Conclusion and Recommendations
5.1 Summary of Findings
The reasons for the study emanated from the fact that poor financial control system has always been an impediment to the growth of some business organizations. They have always faced the problem of poor cash and material control system of which this study has addressed it self to. The problem of how stocks and cash should be held in order to have a healthy financial environment and operations and the maintenance of an efficient inventory management some of the organizations.
The problem of stock management revolves on the determination of the optional stock levels. Besides, efficiency financial control measures and staff efficiency to which this work will address itself to, counts to the problems faced by some organizations like brewery. I have to make some useful suggestions and recommendations based on that which the company and other similar organizations will adopt to achieve results.
This study will be a guide to scholars, researcher or writers who may wish to carry further study on the financial management of the company. This study focuses on the examination of the existing financial control system in Brewery and also to investigate the present system of cost control and material management as indicated above.
1.1 BACKGROUND OF THE STUDY
The financial function has always been important in management irrespective of any difference in structures, Ownership and size. The financial organization of any business enterprise ought to be cable of ensuring that various aspects of its financial activities including planning and controlling are carried out at the highest possible degree of efficiency. The profitability and stability of a company depends on its accounting and cost control system; the efficiency of its staff and the management’s adherence tot eh internal control system as well as to the general financial policy of the company.
Most of the studies conducted on business finance have laid more stress in comparing financial results of public and private sector undertaking vis–a–vis profitability. The “Fiscal approach has often over shadowed the fundamentals of internal financial management while it is obvious that factors in the financial market, social, economic, political and other external consideration significantly influence internal decisions, it is desirable that we focus attention upon “means” and not the “result” alone. Profitability is the result of the means and methods employed in planning controlling various functions of business.