International Journal of Accounting and Management Sciences (IJAMS)
January 2024
DOI https://www.doi.org/10.56830/IJAMS001202401
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Abstract
The research aims to study The Extent to Which Industrial Companies in Aqaba Apply Budgetary Estimates As A Tool For Planning And Control, The study utilized a descriptive-analytical methodology, where the primary data collected from the sample individuals will be described and analyzed. The study will employ appropriate statistical methods such as the mean, t-test, and standard deviation. The SPSS system was employed for data analysis, where A random sample of industrial companies was selected, and questionnaires were distributed to department heads, financial managers, cost accountants, and administrative accountants. finally, the research provided many results, such as: (a) Industrial companies’ managements in Aqaba city recognize the importance of applying budgeting in the planning and control process, with a rate of 78%. The highest awareness is related to the control and regularity of cash flows, while the lowest awareness pertains to the budget as an organized means to communicate plans at all management levels. (b) Industrial companies in Aqaba city adhere to the principle of flexibility in preparing budget estimates, with a rate of 68%. The highest score is associated with considering the budget as an ongoing process that always spans 12 months. Conversely, the lowest adherence is observed in adjusting budget figures based on changing circumstances.
Keywords: Planning And Control – Industrial Companies – Aqaba
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