AN ECONOMY WITHOUT A BUDGET

TABLE OF CONTENTS
TITLE PAGE APPROVAL  DEDICATION ACKNOWLEDGEMENT TABLE OF CONTENT
CHAPTER ONE INTRODUCTION 1.1 STATEMENT OF PROBLEM 1.2 POURPOSE OF THE STUDY  1.3 SIGNIFICANCE OF STUDY 1.4 LIMITAITON OF STUDY 1.5 SCOPE OF STUDY
CHAPTER TWO LITERATURE REVIEW  2.1 INTRODUCTION 2.2 THE ORIGIN OF BUDGET 2.3 DEFINITION OF BUDGET 2.4 AIMS OF BUDGET 2.5 COMPOSITION OF THE BUDGET 2.6 BUDGETING PROCESS 2.7 THE FIRST PHASE 2.8 THE SECOND PHASE 2.9 THE THIRD PHASE 2.10 THE FOURTH PHASE 2.11 ADVANTAGES OF BUDGET 2.12 PROBLEMS OF BUDGET 2.13 KEY INSTITUTION INVOTLED IN BUGET PREPARATION
CHAPTER THREE 3.1 SUMMARY OF FINDINGS 3.2 RECOMMENDATION 3.3 CONCLUSION
INTRODUCTION
For an economy to achieve it’s goal, it is pre-determined at it’s effective performance at the least possible cost.  One mechanism to embark it’s budget is the budget.  The growth of any organization is determine by planning. Planning helps in deciding ahead of the future on what to do, how to do it, when to do it and who to do it. The success of any organization lies on planning.  Therefore planning means the setting of organizational goals and the means of achieving it.  An economy without a plan has fail to plan. Budgeting system guides the planning process. Definition of Budget:  The Oxford Dictionary of accounting defines budget as “a financial or quantitative statement prepared prior to a specified period, contained plans and policies to be pursued during the period.  The states budget is prepared by its management and the process involve a higher degree of complexity than budgets prepared by business organization