MODERN BUDGETING SYSTEM IN COMMERCIAL ORGANIZATIONS: CONCEPT, METHODOLOGICAL BASIS AND IMPLEMENTATION RISKS
Author(s): Mukhin Dmitry Sergeevich
Release: 2020-2 (33)
Keywords: organization, system, financial planning, budget, budgeting, construction organization, construction
Annotation: The article explores the issues of financial planning and budgeting of modern organizations. In the current difficult economic situation in Russia, it is important for the successful activities of enterprises to predict critical situations for them, to find the best solutions to get out of them. This necessitates the adoption of management practices and tools, of which management accounting is an integral part. One of the main elements of this system is budgeting. Budgeting is one of the most important factors of commercial success, as it helps the managers of functional departments to better understand and fulfill their tasks, evaluate the opportunities to achieve them in a timely manner, make the required adjustments, and provide the production program with the necessary resources. This explains the relevance of the topic of this article. The article also analyzes the dynamics of the number of construction organizations by various forms of ownership, the volume of construction work performed, and considers the factors that hinder the development of construction organizations.
Bibliography: Mukhin DM.SE. MODERN BUDGETING SYSTEM IN COMMERCIAL ORGANIZATIONS: CONCEPT, METHODOLOGICAL BASIS AND IMPLEMENTATION RISKS // Economics and Management. – 2020. – № 2 (33). – С. 93-101. doi: 10.21777/2587-554X-2020-2-93-101