Directions of improvement of the organization and implementation of the budgeting process at enterprises of the sphere of services

UDC 336

Authors

Suppes K. V.,
Master student of the Department of Accounting and Finance, Chelyabinsk State University, Chelyabinsk
Danilov I. A.,
associate Professor, Department of Accounting and Finance, PhD in Economics, Chelyabinsk State University, Chelyabinsk

Abstract

The article discusses current issues of the budgeting process at the enterprise services sector, discusses the principles of budgeting. At present, there is no comprehensive methodology for introducing a budgeting system at a service company, and there are only scattered recommendations on this process. In this regard, it is necessary to develop a universal budg-eting algorithm for a service company based on the available theoretical de-velopments and the results of an analysis of budgeting practices as an in-strument of financial planning and control. The development of a universal budgeting algorithm for a service company is carried out with the aim of: optimizing the budgeting process as an instrument of financial planning and control; taking into account the industry specifics of budgeting processes; getting the opportunity to assess the economic consequences of decisions and develop optimal management decisions in the shortest possible time. The goal of developing a universal budgeting algorithm for the service sector is to be able to instantly calculate the impact of certain changes on the fi-nancial condition and results of activities of the service sector enterprise. That is, in real time, you can see how a particular operation will affect the financial results of the enterprise. These provisions together determine the choice of a research task.

Keywords

budget, budgeting, financial planning.