Home  Journals  Finance and Credit  47(575) - 2013 December

Accounting and analytical support budgeting expenditure in process-oriented industries

Available online: 30 December 2013

Subject Heading: FINANCE OF THE ENTERPRISE

JEL Classification: 

In the article it is noted that budgeting of expenses gains special relevance in process focused productions as allows defining influence of business processes on size and structure of consumed resources, rational distribution of responsibility for activity indicators. Basis for introduction of budgeting of expenses at the enterprise is the account on the centers of responsibility and for kinds of activity (AVS-method) representing system, based on determination of cost of production, works and services and including systematization of expenses on functions and resources. It caused development of the new direction in financial planning - process the focused budgeting (Activity Based Budgeting, AVV).

Keywords: budget, budgeting of expenses, production of foodstuff, centers of financial responsibility, ABC-ABB-ABM methods

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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