Planning principles as integral tool of financial planning implementation at enterprise
Journal Title: Вісник Житомирського державного технологічного університету. Серія: економіка, управління та адміністрування - Year 2016, Vol 77, Issue 3
Abstract
The main problems of using financial planning tools, namely its principles, in order to achieve an effective system of financial planning at the enterprise are considered. Planning is an integral part of management and provides achievement of sustainable enterprise development, that is why, effective financial planning is the necessary means of realization of the main objective of the company – profit maximization. It is determined that the principles of financial planning are the objective category of planning science, which serves as a starting fundamental concept that expresses the cumulative effect of a number of laws. In addition, on the base of the aggregation and analysis of planning principles the system of financial planning principles is specified, providing efficient financial planning and control functions use, achievement of the mission and objectives of the economic entity activity management and ensuring of its profitability. The scientific novelty of the research lies in the specification of financial planning principles defining at the enterprise and their semantic characteristics.
Authors and Affiliations
A. V. Overchuk
Keywords
Related Articles
- EP ID EP269480
- DOI -
- Views 115
- Downloads 0
Identification of enterprises’ stakeholders and assessment of their influence: theoretical aspect
The identification of stakeholders and the assessment of their influence is the enterprises’ important management constituent, as it does not only decrease the risk of emerging a destructive comflict when the interests a...
Structure of management system of increasing the level of economic security of enterprise
An integral part of the transformation of economic relations in Ukraine is the development of new management methods for domestic light industry enterprises joining the world market. At the current stage of European inte...
Generalization of territories’ and enterprises’ ecological assessment methods
The article reveals the modern state of the ecological situation where it is necessary to conduct the research that will allow to find out the ways and provide the measures concerning the improvement of the ecological si...
Public procurement as a complex object for management accounting in public sector
In connection with the implementation of budget accounting and public procurement according to international standards, the importance of management accounting in the public sector is enhanced. This especially affects th...
Inventory of electronic money as method of its control: process approach
The extent of legal regulation of inventory of electronic money in the company is considered. The absence of developed techniques of valuation as well as reflection of electronic money on the accounts, which results in...