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1.1 INTRODUCTION
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
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
The origins of the word Budget lie in the term "bougette" - a wallet in which
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.
Specifically
1.3 HYPOTHESIS
1.4 ASSUMPTIONS
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
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
This study will be conducted to determine the effect of being an ABM Student on
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.
3.4 INSTRUMENT
DATA