This topic was designed to highlight the importance and prominence budgeting in a very dynamic economy like ours as well as the difficulty to forecast the rate of inflation with accuracy and the problem posed by changing price level and how these problems are addressed in making budgeting decisions.
    Highlighting the advantages as well as he problem associated with budgeting will enhance the managers skill and ability in the preparation and implementation of budgets. They will also see the correlation between budgeting and success as well as appreciate it students on the dynamics, complexities and mechanics of today’s business decision making. a part from making some contribution to knowledge, the study would also add to the existing. Finally, the study is significant as it is in partial fulfilment of the polytechnics requirement for the award of Higher National Diploma (HND) in Accountancy. This study report is five chapters. The first chapter introduces the topic, present the nature of the problem, the objective of the study significant of the study, the significant of the study the scope of the study as well as statement of hypothesis. The chapter also given a brief history of the company and the aware ship structure. Hence the first chapter serves as a prelude to the main study.
    The second chapter examines the work of the other people on the study. Review is divided into sections top cover areas like of meaning and purposes of budget  and the techniques of the data treatment will be explained and the limitation to which we are subjected in the data treatment. The data collected will be analyzed and discussed so as to develop our findings in the context of the purpose for which the study was conducted chapter four.
    Here, the statement of fact in connection with the study will be made. The finding of the study will determine whether the hypothesis were true or not.
    Finally, in chapter five, statement of findings is made, conclusion are draw remarks and recommendations based on the study are made.
 

TABLE OF CONTENTS
Title Page                                 II
Approval page                             III
Certification                             IV
Dedication                                 V
Acknowledgement                         VI
Abstract                                 VIII
Table of contents                             X

CHAPTER ONE
1.0    Introduction                         1
1.1    Background statement                     1
1.2    Nature of the problem                     3
1.3    Statement of hypothesis                     5
1.4    Objective of the study                     6
1.5    Research question                         7
1.6    Significance of the study                     8
1.7    Scope of the study                         9
1.7.1    Brief history of the company                 10
1.7.2    Ownership structure                     11
1.8    Organisation of the study                 11
1.9    Definition of terms                     12

CHAPTER TWO
2.0    Review of related literature                  16
2.1    Introduction                         16
2.2    Meaning and purpose of budgeting             21
2.3    Types of budgeting                     23
2.3.1    The operating budget                     23
2.3.2    The finance budget                     26
2.4    Stamps in preparing budget                 28
2.5    Techniques of budget                     29
2.6    Meaning of inflation                     31
2.7    Rates of inflation                         32
2.8    Types of inflation                         33
2.9    Pos and cons inflation                     35
2.10    causes of inflation                         36
2.11    Control of inflation                     39
2.12    How Binez Hotels Ltd, Aba take care of inflation in their budgets.                             40
2.13    Budget planning implementation and control in Binez Hotel Ltd. 41
2.14    Types of budget prepared in Binez hotel         42
2.15    Budget preparation implementation and control procedures in Binez Hotel Ltd.                             43
2.16    Data presentation, interpretation and various analysis. 45
2.17    Summary                             45
    
CHAPTER THREE
3.0    Research design and methodology             47
3.1    Research design                         47
3.2    Area of study                         48
3.3    Determination of sample size/population         48
3.4    Sample and sampling procedure             49
35    Types of data used                     49

CHAPTER FOUR  
4.0    Data presentation and analysis                 53

CHAPTER FIVE
5.0    Findings, recommendation and conclusion         67
5.1    Introduction                         67
5.2    Recommendations                         69
5.3    Suggestions for further research             70
5.4    Summary/conclusion                     71
Bibliography                         72
Appendix                                77