Month: May 2016

NATIONAL BUDGET PREPARATION The Nigerian financial years runs from 1st January and ends on 31st December, of the same year. Then executive’s preparation of the budget for a new year…

ADVANTAGES OF BUDGETARY CONTROL The following as the advantages of budgetary control: Budgetary control focuses attention upon the organizational structure and necessitates the assignment of responsibility. It emphasizes the end…

BUDGETING TECHNIQUES (SYSTEM) Public finance in Nigeria by Ugwu Monday J. of Okereke (2003) discussed about budgeting techniques or system. Budgeting control techniques are now a result of continuous comparison…

APPROACHES TO BUDGETING According to OBIAGBOSO G. C. (1996:27) there are three approaches to budgeting namely: 1. MASTER BUDGET: This is a single summary statement which incorporates functional or supporting…

Types of Partnership Business There are four types of partnership, on the basis of liability of partners 1. General partnership: This is a partnership in which all owners share in…

Partnership Business A partnership is a legal form of business with two or more owners. Partners legally share a business assets, liabilities, and profits according to the terms of a…

Partnership Business A partnership is a legal form of business with two or more owners. Partners legally share a business assets, liabilities, and profits according to the terms of a…

Sole Proprietorship Sole proprietorship is the simplest and most popular form of ownership. This form of business ownership is designed for a business owned and managed by one individual. Sole…

Land and Its Characteristics Land, sometimes referred to as dry land, is the solid surface of the Earth that is not permanently covered by water. The vast majority of human…

LIMITING FACTORS TO BUDGETING OBIAGBOSO G.C. (1996:27) said limiting factors to budgeting are those factors whose influence must to an extent be assessed in order to ensure that budgets are…