The Effect of Being an ABM Student on Budgeting Daily Allowances

Chapter 1: The Problem and Its Setting

1.1 INTRODUCTION

Budgeting is relatively new invention according to a budget history telegraph its

origin is centuries of monarchs mismanaging the country's finances and that is the

reason they establish managing of money or what we called budgeting. The office of

the Treasurer began life within that of the Exchequer, which was responsible for

managing the Royal revenues and for issuing and collecting cash. It establish at the

time of Norman invasion in the 11th century.

The Exchequer did not receive its first major reform until the reign of Elizabeth I

but that did little to stop a string of monarchs continuing to squander the country's tax

revenues and rack up debts. Charles II landed the country's finances in such a mess

that the Dutch managed to seize the Royal Charles. This humilation prompted another

spate of reform and the establishment of the principle that even if Parliament has

approved of expenditure it needs the approval of the Treasury. Until the early 18th

century that a version of the annual Budget emerged.

The origins of the word Budget lie in the term "bougette" - a wallet in which

documents or money could be kept (Budget history telegraph). Budgeting is a

process, which means budget is a number of activities performed in order to prepare a

 budget. A budget is a quantitative plan used as a tool for deciding which activities

will be chosen for the future time period.

In budgeting it is very helpful especially to those people who are interested in

spending money in good way and for students who also have lots of expenses in their

school. Students must know how much money that they need to spend and this also

knows the expected income that they will earn. This budgeting process will able to

provide an accurate performance to achieve your goals. Budgeting saves you from

stress because you don't have to adjust your funds, you must focused on your goals

and avoid spending an unnecessary things, this help you reduce depth troubles.

1.2 STATEMENT OF THE PROBLEM

This study aims to determine the effects of being an ABM student in

budgeting their daily allowances.

Specifically

A. What is the maximum percentage of expense of an ABM student?

B. What is the minimum percentage of expense of an ABM student?

C. Is there an increase of financial responsibility of an ABM student?

D. What is the maximum percentage of savings of an ABM Student?

E. What is the minimum percentage of savings of an ABM Student?

1.3 HYPOTHESIS
1.4 ASSUMPTIONS

1.5 SIGNIFICANCE OF STUDY

Budgeting daily allowances is a precise plans. It enables the students to know the

amount of money that they need to spend. They will also know the expected income

that they will earn. Budgeting promotes the economy and efficiency because it

controls the expenses. It makes you aware of what is going on with your money. It

doesn’t stop you from enjoying stuff; it ensures that you enjoy the stuff when you

want it. Being an ABM student you should apply your knowledge in accounting on

budgeting daily allowances. The organization must adopt the efficient budgeting

processes that will able to provide an accurate performance to achieve your goals.

Setting your goals is momentous because looking at your annual budget can help you

recognize larger spending problems and makes it easier to assess your current

priorities. Budgeting saves you from stress because you don’t have to adjust your

funds. You must focused on your goals and avoid spending unnecessarily things. It

enables you to know what you can afford and where your money is going. Budgeting

is a reference for organizing your bills and receipts. As an ABM Student a receipts is

very important because it helps you to audit your financial transactions. It also helps

to reduce debt troubles.

As an ABM Student it can increase your capability in managing your daily

allowances because it enhances your skills in analyzing and measuring. It also

improves your planning and controlling skills in your money. Because of budgeting

we can increase our savings. When you learn to manage your money precisely you
 will lessen your stress. Budgeting daily allowance develops our ability in decision

making like choosing the products to buy and the transportation cost. Handling

allowance is beneficial. We learn to manipulate money in our hands at our young age

which is related in ABM strand we are taking.

1.6 DEFINITION OF TERMS

1.7 SCOPE AND DELIMINATION

This study will be conducted to determine the effect of being an ABM Student on

budgeting daily allowances in AMA Computer College Cavite as perceive by one

hundred (100) students enrolled in Academic Track (ABM) during the second

semester, academic year 2016-2017 .The aspects looked into were the capabilities of

the students to use the knowledge that they have learned in their accounting subject.

The researchers’ will not look into the range of the daily allowance. They will look

after the percentage where the money is spent and how they budget it.

1.8 CONCEPTUAL FRAMEWORK

CHAPTER II REVIEW OF RELATED LITERATURE

2.1 LOCAL/FOREIGN STUDIES

2.2 A SYNTHESIS OF RESEARCH STUDIES OR LITERATURE

CHAPTER III METHODOLOGY

3.1 RESEARCH DESIGN

3.2 DESCRIPTION OF RESPONDENTS

3.3 POPULATION AND SAMPLING

3.4 INSTRUMENT

3.5 DATA GATHERING

3.6 STATISTICAL TREATMENT OF DATA

CHAPTER IV ANALYSIS PRESENTATION AND INTERPRETATION OF

DATA

CHAPTER V SUMMARY, CONCLUSIONS, RECOMMENDATIONS