ABSTRACT
Planning and control have become part and parcel of our daily lives. We may no like it and we may even recent to when it is imposed but we have come to realize that it is an essential factor in nation, business and private live. This project financial planning and control. a key to management efficiency aims at finding how our financial planning and control has helped the management of large scale organization to achieve their objectives effectively and efficiently.
Moreover, the project also delved into the consequences of the present economic recession in Nigeria on financial planning and control of many industries, Nigerian Breweries Plc vis-a vis other industries in Nigeria was discovered to be having problems like those of finance, raw materials ,spare parts, foreign exchange etc.
The project also covered the prudence of financial manager under this economic recession and to carry out the activities of their financial planning.
TABLE OF CONTENT
Title page …………………………………………………………………...i
Approval page……………………………………………………………...ii
Dedication …………………………………………………………………iii
Acknowledgement ………………………………………………………..iv
Abstract …………………………………………………………………….v
Table of content …………………………………………………………..vi
CHAPTER ONE – INTRODUCTION
1.1 Background of the study …………………………………………..1
1.2 Statement of problems ……………………………………………5
1.3 Objectives of the Study…………………………………………….5
1.4 Research questions ………………………………………………..6
1.5 Statement of Hypothesis ………………………………………….6
1.6 Scope of the study …………………………………………………7
1.7 Significance of the study …………………………………………..7
1.8 Limitation of the study ……………………………………………..8
1.9 Definition of terms ………………………………………………….9
References ………………………………………………………..12
CHAPTER TWO - REVIEW OF RELATED LITERATURE
2.1 Review of the Nigerian economy ……………………………….13
2.2 Empirical Review of related Literature ………………………...16
2.3 Theoretical Review of Related Literature ………………………20
2.4 Financial Planning ………………………………………………..20
2.5 Planning and control………………………………………………24
2.6 Financial planning and control …………………………………..30
2.7 Financial Methods use in Nigeria ……………………………….32
2.8 Uses of Financial Planning ………………………………………33
2.9 Forms of Financial control ……………………………………....36
2.9.1 Factors to be considered when planning and tools of financial management ……………………………………………………..41
References ………………………………………………………..45
CHAPTER THREE - RESEARCH DESIGN AND METHODS
3.1 Research Design …………………………………………………47
3.2 Area of study ……………………………………………………..47
3.3 Population of study ……………………………………………....47
3.4 Source of data ……………………………………………………48
3.5 Sampling Method…………………………………………………48
3.6 Research Instrument …………………………………………….48
3.7 Validity and Reliability of research Instrument ………………..49
3.8 Methods of investigation ………………………………..……….50
References …………………………………………………..……51
CHAPTER FOUR - PRESENTATION AND ANALYSIS OF DATA
4.1 Presentation and Analysis of Result…………………………….52
4.2 Test of Hypothesis ………………………………………………..71
CHAPTER FIVE - SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.1 Findings …………………………………………………………....78
5.2 Conclusion ………………………………………………………...82
5.3 Recommendation …………………………………………………83
Bibliography………………………………………………………..86
Appendix …………………………………………………………..88