Considerations on the Budgeting of Production Expenses in the Coal Mining Industry

Ionela Claudia Dina
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Ionela Claudia Dina: University of Petroşani, Romania

Annals of the University of Petrosani, Economics, 2008, vol. 8, issue 1, 139-144

Abstract: Business activity must take place permanently in the relationship of balance between revenue and expenditure. Thus, the question that is raised in front of managers of coal mines is to find ways to enable them to reduce and control the balance of the relationship said, and on this basis to meet the requirements of growth of profitability and of saving resources. In this respect the budget can become an instrument of correlation and particularly of reinforcing the relationship between expenditure and revenue in the mining enterprise, and budgeting - a systematic economic practice that involves the conduct of a formal process for the allocation of financial resources, with the purpose of achieving established goals for the next periods

Keywords: Coal mining industry; costs; budget; accounting (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:8:i:1:y:2008:p:139-144

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