Economics and management: realias and prospects No 4
- Author:
- Anna E. Tochilkina
- Work direction:
- Экономика предпринимательства, организация и управление предприятиями, отраслями, комплексами
- Abstract:
- Abstract: the article discusses the need for the introduction of financial planning as the main management tool in a competitive and unstable environment. Several definitions of the term "budgeting" from different points of view are given. The goals and functions through which the economic content of budgeting is revealed are considered. The current budgeting model, its advantages and disadvantages are also described. The key problems of traditional budgeting are identified, new tools and methods for its replacement are proposed. Each proposed method, its features and principles are described in more detail. In conclusion, the article describes the positive impact of new budgeting tools as a method of financial planning.
- Keywords:
- Key words: inancial planning, budgeting, management tools, budgeting models, sliding budgeting, balanced scorecard, value management, method of Beyond Budgeting «outside the budget»
Economics and management: realias and prospects No 4