Budgeting as the main management accounting tool

V. I. Menshchikova () and O. Y. Dobina ()

Scientific notes of the Russian academy of entrepreneurship, 2025, vol. 24, issue 3

Abstract: The article analyzes the budgeting system in the organization’s management accounting system, identifies various types of budgets, and describes the main stages of budgeting in the organization. Based on the results of the study, it was concluded that budgeting, being the main tool of management accounting, makes it possible to create an effective management system in a company. Budgeting helps to focus on priorities and coordinate the work of all departments of the organization. Due to this, the activities of the structural divisions become understandable and predictable for the higher management and other stakeholders. Budgeting is becoming particularly important in the current financial and economic environment. Accurate planning of a company’s funds directly affects its financial condition, which, in turn, affects its investment potential.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cvt:journl:y:2025:id:1160

DOI: 10.24182/2073-6258-2025-24-3-38-44

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