THE SYNOPSIS CORPORATE BUDGETING AND ITS INFLUENCE ON MANAGERIAL BEHAVIOR AND PERFORMANCE Historical background A budget is a plan

quantified in monetary terms, prepared and approved prior to a defined period of time usually showing planned income to be generated and/or expenditure to be incurred during the period and the capital employed to attain a given objective. A budget system is a combination of information flows and administrative process and procedures that is usually part of the short- range planning and control system of an organization. Budgeting is the cornerstone of management control process in nearly all organizations, but despite its widespread use it is far from perfect. The inspiration for this study came about in a cost and managerial accounting class where we discussed that budgets can serve as a control tool for management. This study seeks to ascertain the level of influence of budgets on the performance of managers, its impact, whether there are other influencing factors and to provide the benchmarks that can aid managers. Managerial behavior traditionally is about the influence of values, norms, roles, regulations and activities within the organization as well as the assessment of employees, processes, equipment or other factors to gauge progress towards predetermined goals. Issues to be researched. Budgeting is the process of preparing budgets. In other words budgeting is the ways and means of preparing budget which applies to all aspects of the business operations, with the aid of managers by whom organizational goals are attained. Every organization needs to plan in order to attain these goals by using the budget principle. The usage of budget helps the business to coordinate its activities and help measure the output of managers. However due to its usage managers over achieve or underachieve the goals set in the budget and some result to other managerial tools. Every business entity or individual has a predetermined goal to attain with the assistance of managers whose function is to control, coordinate, plan, direct and monitor the activities of the organization effectively and efficiently. These prepared budgets have an impact

on managers actions, attitude and output. The objective for this research is to study the productivity of managers with respect to the attitude they put up in trying to follow the budget. I will use some organizations in the Accra metropolis. The research problem and the models to be applied. The problem is that with the introduction of budgets, organizations have not been able to attain goals to their desire, despite the fact that managers are put in place to achieve these goals effectively and efficiently with the resources available to them. The reason for undertaking this study was influenced by a lecture on budgeting in a cost and managerial accounting class where we discussed that budgets can serve as a control tool for management. This raises questions as to what is the degree of influence of budgets on managerial behavior and performance and whether budgets can be used to aid the performance of managers. Seeking answers to this problem will involve the collection of both primary and secondary data through the use of both quantitative and qualitative models. The primary data will be collected through the administration of questionnaires in selected organizations. The use of websites, journals, magazines and text books will form the secondary data. It is my hope that it will help me in my study. The relevance/value of the research for business practice. This study is aimed at giving some importance to the factors that impedes managerial performance in relation to budgeting. This paper will help me know more about the way organizations go about their budgets and how the performance of managers are affected. This will add some knowledge to the knowledge of budgeting. Students can use this paper as a further research based on the understanding and concept they have got about budgeting. 1. Source: www.jstor.com 2. Source: www.google.com/scholar 3. Eric Oduro, third edition, principles of cost accounting, Terror Publication.