Budgeting as a Tool to Enhance the Efficiency of Bank Management
Journal Title: Бізнес Інформ - Year 2014, Vol 11, Issue 0
Abstract
In the article the urgency of implementing and improving the technology of bank budgeting is substantiated. Justifiability of the incurred costs with regard to the future impact of the introduction of innovative technologies of budgeting was determined, the contemporary understanding of bank budgeting was disclosed, an analysis of process of budgeting on example of banks from the groups I, II, III, IV in terms of assets was carried out. The authors reasoned that selection of the budgeting model and the appropriate software occurs solely on an individual basis, depending on the specialization of the bank, its general characteristics or particular features. The article contains a number of advantages and disadvantages of implementation of budgeting in the bank. Methodology of evaluation of efficiency of the budgeting implementation through adaptation to the conditions of functioning of the domestic banks has undergone further elaboration. It was specified, that introduction of budgeting should play a crucial part in the financial recovery of the banking sector of Ukraine \'s economy in the period of instability.
Authors and Affiliations
Anastasya Maslova, Olena Mysienko, Roman Miagkyi
Keywords
Related Articles
- EP ID EP137519
- DOI -
- Views 88
- Downloads 0
Concept of Flexicurity and Non-standard Forms of Employment: Modern Challenges
The article is devoted to theoretical and practical issues of the use of the concept of flexicurity and non-standard forms of employment when developing the strategy of improvement of the structure of employment of the p...
Technology of Accounting Treatment of Revenues of Private Companies from Financial Investments
In the article the economic nature of the operations for financial investment by private enterprises is defined, their specific features are systematized, on the basis of the study of current state of financial investmen...
Analysis of Innovation Activity of the Ukrainian Economy
The goal of the article is the study of scientific activity and innovation activity of enterprises and organisations of Ukraine, determination of dependence of competitiveness of the country at the world level on the sai...
Essence and Classification of the Basic Types of the Integrated Business Structures
One of the main trends of the 20th - early 21st centuries is establishment of integrated business structures, which have a significant impact on the economies of both individual States and the world economy as a whole. D...
Motivation of Relationship of the Main Economic Activities of Machine-Building Enterprises
The article is aimed at defining the most motivated relationships for developing the types of economic activities by the positions of enterprises in the functioning environment. Substantiations as to motivation of relati...