Budgetary Control Strategy and Financial Performance of Nigerian Brewery Manufacturing Firm in Ibadan, Oyo State
An effective budgetary system is a functional tool often employed by an organisation’s desire to achieve optimum performance. We examined how the strategy of budgetary control influences the financial performance of a brewery manufacturing firm in Ibadan, Oyo State, Nigeria. The budget planning, control, implementation, and review were regressed on the financial performance of brewery manufacturing firm using descriptive and regression analysis. It was discovered from the findings that budgetary planning, control, implementation, and review exhibited a significant positive effect on financial performance. In view of the result, the study recommended continuous monitoring and review of activities and ensuring appropriate analysis of threats and opportunities to facilitate improved budgetary planning for the organisation.
Keywords: Budget Review; Manufacturing Firm; Financial Performance; Multiple Regressions
Citation: Fapetu, O., Abere, M.A., Dada, O., Ogunsanwo, O.F., & Asiyanbi, H.B. (2025). Budgetary Control Strategy and Financial Performance of Nigerian Brewery Manufacturing Firm in Ibadan, Oyo State. International Journal of Innovative Research in Accounting and Sustainability, 10(1), 34-43.