Financial Planning And Control In Media Outfit

Financial Planning And Control In Media Outfit

Abstract

In order to ensure proper planning and implementation of cash flow inside the company, financial planning and management are crucial. Financial fraud and anomalies are found through financial planning and control.Financial planning and control have recently received more attention from most organizations. As a result, cases of poor financial planning and systemic control weaknesses lead to a surge in fraud, loss, theft of money and other assets. The focus of this talk will be on the types of financial planning and control measures utilized by management in the Vanguard Newspaper to obtain correct data.The historical context, initial steps in financial planning and control in the vanguard newspaper industry, and the financial department’s responsibilities will be covered. The primary and secondary sources of data will also be covered.The study’s conclusion and recommendations will be made after offering any revisions.

Text Of The Chapter

First Chapter:

Introduction, version 1.0

1.1 The study’s scope

Study’s purpose is 1.2

1.3 Importance of the study

Limitations of the study

1.5 Definitions of key words

Chapters 2 & 3

2.0 Review of the Literature

2.1 Financial planning and control explained

2.2 Vanguard Newspaper Nigeria Limited’s Evolution

2.3 Historical Background of Nigeria’s Newspaper Industry

2.4 Initial steps in financial planning and management

2.5 Issues with the media organization

Chapters 3 & 4

3.0 An overview, analysis, and recommendation

3.1 Recapitulation

3.2 In conclusion

Third recommendation

Bibliography

Chapiter 1

Introduction, version one

The wise use of committed financial resources determines whether company goals are achieved. In order to do this, many sectors use a variety of tactics, with financial planning and control in this context being no exception, according to empirical research.

In order to explain the level of financial planning and control that exists in the newspaper industry in Nigeria, the purpose of this research is to present a theoretical and empirical investigation. Fellows, there are certain essential strategies employed in conveying pertinent facts.The functional budget planning process, control project planning, control cash capital budget, and balance sheet analysis have all received the respect they deserve.

Before beginning, a brief history of the newspaper business will be presented. The empirical research will be conducted on The Daily Times of Nigeria Limited and The Vanguard Nigeria Limited.

The availability of operational data and ownership of each are the main deciding considerations. When questioned, both businesses provided the pertinent information. For example, Vanguard Nigeria Limited is 100% privately held, whereas Daily Times Nigeria Limited’s equity share capital is 60% owned by the Nigerian federal government and 40% by the general public.

Given that both the public and private sectors of the economy are covered, these make for strong case material. On a micro level, it has been debated other newspapers that weren’t chosen.

1.1.1 The Study’s Scope:

The study has included another Nigerian organization in the nation and aims to focus on financial planning in the Nigerian newspaper Vanguard. To improve efficient administration and control in the Vanguard Newspaper industry in Nigeria, mention contemporary trends and their economic contributions.

Vanguards Newspaper is the only media outlet used in this study as a case study.

1.2 Aim Of The Study:

This project’s goal is to pinpoint the contributions of financial planning and management to the Nigerian media company.

1.3 The Importance Of The Study:

1. The study aims to examine the financial planning and control produced by Nigeria’s vanguard newspaper businesses and to identify contemporary trends in this project.

2. The challenges that prospective financial planning and control in establishing a stronger management in the newspaper industries are facing.

3. A suggestion is made for better financial planning and management to increase self-reliance.

Definitions for the following terms:

The managerial function of financial planning and control deals with maintaining accurate financial records, creating financial reports, determining when to invest money in the stock market and other assets, and finding the best sources of financing in light of the firm’s overall market value.

It also entails mobilizing all available financial resources, putting the economy into action, and keeping an eye on it with the alternative goal of hitting a certain financial target.