Impact Of Budget On Effective Planning And Control In An Organisation (a Case Study Of Kwara Hotel Ilorin.)

Abstract Budget is an estimate of probable future income and expenditure, it is mechanism for deciding what will be spent and realized in future. Budget is the expression of management master operating of financing plan that is the formalized outline of company objectives and means of attaining them. It can be said that budget are formal statement of organization resource set aside for the purpose of carrying out specific function or activities over a given time period. Budgets are useful and form an important part of the planning and controlling process. Budget also indicates the expenditure …