PARTICIPATORY BUDGETING AN EFFECTIVE CONTROL TOOL FOR ATTAINING MANAGERIAL FUNCTIONS AND ORGANIZATIONAL CORPORATE GOALS

📄 Project Abstract

The need for participation by staff or subordinate managers in the budgetary processes and the use of budgeting as an effective control tool in any organization cannot be over emphasized. This topic was chosen because of the need for increased participation in budgetary processes in order to nip in the bud the continued adverse budget variance and non implementation of budget figures. Obviously, full participation by users and implementers of budget details aid in speeding and actualizing management functions and organizational goals. Regrettably, this very important tool is not effectively put to use by some line managers and departmental heads, thereby jeopardizing the cumulative impact of budget, threatening good performance which lead to decline in liquidity of cash budgets in most Nigerian organization. In view of the foregoing, this research work investigated into the significant impact of participation in budgetary system and its implementation in optimizing total product liquid...