Improving the Budgeting in Terms of the System of Financial Controlling in the Enterprise
Journal Title: Бізнес Інформ - Year 2015, Vol 8, Issue 0
Abstract
The article is aimed to study the budgeting in terms of the enterprise's controlling system in a rapidly changing environment. Based on research works by numerous management accounting professionals, evolution of budgeting was considered and the main advantages and disadvantages of using various methods were systematized. The article focuses on the budgeting from scratch as an effective tool for controlling costs in the enterprise. The basic approaches of specialists to this method have been generalized. On the basis of experience of various consulting companies, the use of budgeting from scratch was considered in practice, the main factors influencing the success of this method were specified. A further research is needed in the direction of integration of the budgeting from scratch into the enterprise's cost management system that will be able to enhance its cost and increase competitiveness.
Authors and Affiliations
Oleksandr Liakh
Keywords
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