BUDGETING AS A COMPONENT OF PLANNING THE ECONOMIC ACTIVITY OF POULTRY ENTERPRISES
Journal Title: Інноваційна економіка - Year 2017, Vol 69, Issue 5
Abstract
Purpose. The aim of the article is to develop theoretical and practical recommendations for the introduction of the budgeting system as a component of planning the economic activity of poultry enterprises. Methodology of research. The general scientific and special methods of research of processes and phenomena in their interrelation and development are used in the process of the research, namely: monographic (in the formulation of goals, tasks, subject and object of research); the method of comparative analysis (in the study of concepts of strategic cost management); calculation and constructive, graphic (in comparing indicators). Findings. It is established that the budget task system is based on key performance indicators. It is determined that the indicators, which are reflected in budget tasks, are developed for each structural subdivision of the poultry farm (main, auxiliaries, servicemen) and are intended for the formation of their monthly budgets. It is envisaged that the unit’s own budget should be based on benchmarks to ensure a link between control and budget indicators. The report in the form of a similar budgetary task is prepared on the basis of established budgets based of these links. Originality. The phasing of the budgeting system with the allocation of the functional purpose of each budget with the corresponding information and mathematical base of formation and calculation is designed and presented in an integrated way. The algorithm of budgeting of poultry enterprise is substantiated. Practical value. The algorithm for budget formation of a poultry enterprise, which has the following features, is proposed for the practical application: 1) the parallel development of the sales budget and the budget of commercial expenses is used; 2) the budget of receipts for the main activity, budgetary tasks and the budget of production are subordinate to the budget of sales.
Authors and Affiliations
Ivan Svynous, Olesia Havryk, Nataliia Khomiak
Keywords
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