UDC 338.984
DOI: 10.36871/ek.up.p.r.2024.02.04.004
Authors
Vera A. Varfolomeeva,
Natalia A. Ivanova,
Saint-Petersburg State University of Aerospace
Instrumentation, St. Petersburg, Russia
Abstract
Budgeting is one of the enterprise management tools that has gained great popularity both in Russian and foreign business practice. The authors explore the goals and functions of the budgeting process in enterprises. The article indicates what principles and models are found when developing a budget. The advantages and disadvantages of budgeting are identified. Budgeting allows you to add consistency and control to financial processes, increase the efficiency of resource use and strategically design the development of an enterprise.
Keywords
budget, budgeting, financial activities, financial resources, cash flows.
