ahmad proposal - ASSESMENT OF BUDGET PREPARATION AND...

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ASSESMENT OF BUDGET PREPARATION AND CONTROLLING SYSTEM IN CASE OF BURAUE OF FINANCE AND ECONOMIC DEVELOPMENT, EASTERN HARARGE ZONE A RESEARCH PROPOSAL SUBMITTED IN THE PARTIAL FULFILLMENT OF THE REQUIREMENT FOR BACHELOR OF ART (BA) DEGREE IN ACCOUNTING AND FINANCE PREPARED BY AHMED ABDULJEBAR ID NO ; - 0855/07 ADVISOR ;- ANAF . A HARAMAYA UNIVERSITY COLLEGE OF BUSSINESS AND ECONOMICS DEPARTMENT OF ACCOUNTING AND FINANCE JANUARY, 2017 HARAMAYA, ETHIOPIA
CHAPTER ONE INTRODUCTION Back ground of the study Budget is a formal expression of the expected income and expense for definite period of the time to achieve the organization objective budget can be expressed in terms of quantitative and monetary term (Horngren, 2009). The budget represent a set of guide lines for controlling internal operation of the organization the management through budget can evaluate the performance of the organizations. The discrepancy between planned performances and actual performance highlighted through the budget. Budget is culmination of prediction and assumption achieving a financial and non-financial objectives (David N. 2005). The government budget represent a plan or forecasts by government of its expenditure and revenues for specified period. Communally government is prepared for a year or financial year (public finance, 2005). During imperial period the government of Ethiopia initiated the budget cycle each year on the first day of Tikimti October. Now the federal government of Ethiopia prepare annual budget at hamle 01 to sane 30 E.C.(FGE teaching material, March 2015). The budget involves such as different tasks on the expenditures and revenues side of government finance. It is also a common accounting tool company use for implementing strategy management used to archive organization objectives (Horn green 2009). Poor performance is often to be found in the weak links between policy making, planning and budgeting. At one level, policy making and planning are unconstrained by what a country will be able to afford over the medium term. At another level, policy making and planning are insufficiently informed by their budgetary implications and by their likely impacts in the wider community. The inadequacy of hard budget restraints on decision makers at the planning and budget formulation stage of the cycle leads to inadequate funding of operations, poor expenditure control and unpredictability in the flow of budgeted resources to agencies responsible for service delivery (Malcolm 1998).
1.2 STATEMENT OF THE PROBLEM

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