IMPLEMENTATION OF BUDGETING: MANAGERIAL ASPECT
The purpose of the study. The purpose of this research is to develop practical recommendations aimed at improving the effectiveness of budgeting in Russian enterprises. According to this goal the tasks involved: • clarification of the essence of budgeting on the basis of the study of the Genesis of this economic category; • systematization of the principles of budgeting; • identifying the advantages and disadvantages of budgeting; • development of measures aimed at resolving the problems of budgeting. Research methods. In the course of achieving the goal were used the following methods and techniques specific to scientific research: a comparative study, scientific abstraction, modeling, graphical and tabular forms of information visualization. The results of the study. In the process of implementation of the study was produced: • clarification of the essence of budgeting; • systematization of the principles of budgeting; • identify the advantages and disadvantages of the budgeting process; • development of actions oriented to solving the problems of budgeting in the Russian business entities. Conclusion. In the conditions of rigid competitive struggle, and limited financial resources, budgeting will improve the quality of management decisions, to optimize financial flows of the enterprise, increase the efficiency of the use of resources, to create for the company additional competitive advantages. Scientific novelty. Scientific novelty of work consists in the consideration of budgeting as modern technology to provide effective financial management of business entities. Among the most substantial, possessing the scientific novelty of the research findings should be highlighted: • the author's interpretation of the concept of "budgeting" providing for the consideration of economic phenomena as a system of management, planning, reporting, analysis and control on the basis of the totality of budgets.; • the author's classification of the key principles of budgeting; • systematization of the advantages and disadvantages of budgeting; • measures promoting the solution of problems in the area of budgeting.