BUDGETING IS A KEY ELEMENT OF THE INTERNAL CONTROL SYSTEM

Babynina Halina Mikhailovna ()
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Babynina Halina Mikhailovna: “Belorussian State Economic University” UA Bobruisk branch, Republic of Belarus

Annals of marketing-mba, 2015, vol. 4

Abstract: Budgeting for a company is a key element of the internal control system and correction of strategic vector of business development. One of the problem of the budgeting is indirect costs planning. Correlation of indirect costs and production volume is difficult to trace. As a result department managers include excessive spending in a budget or vice-versa do not include some of them. Budgetary control allows to reveal “unauthorized” spending, negative tendencies, which guarantees for an enterprise getting planned financial result.

Keywords: budgeting; control; budgetary discipline; analysis; profit; trigger point; added value; controlling. (search for similar items in EconPapers)
JEL-codes: G31 (search for similar items in EconPapers)
Date: 2015
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