BUDGETING IN INDUSTRIAL ENTERPRISES

The key to successful and cost-effective activities of enterprises is the rational organization planning process, which concerns financial indicators involves writing budgets. article summarizes theoretical practical aspects implementation budgeting in industrial enterprises. study approaches different scholars interpretation essence concept allowed defining it as a complex economic process management cycle. It developed at discretion enterprise by determining amount composition costs individual units entity ensuring coverage these resources achieve ultimate goal – obtain maximum profit minimum cost, taking into account both internal external factors. role for enterprises, its main purpose, list entities involved budgeting, well fundamental criteria were clarified. Based on generalization number most important company, possible types budgets their advantages specifics use depending objectives generalized described. analysis basic stages are carried out course activity out, terms representation an example monthly, quarterly annual period considered. determined that system tool control, significantly increases efficiency enterprise, preventing irrational stage control over use. Given lack established norms rules optimizing effectiveness tasks corporate governance.