THE ROLE OF BUDGETING IN THE FINANCIAL MANAGEMENT SYSTEM OF COMPANIES
The paper examines the issues of enhancing the role of the budgeting process in the financial management of modern enterprises. On the basis of different approaches the author suggests his definition of budgeting and budgeting mechanisms. Special attention is paid to the content of the budgeting mechanism in manufacturing companies in accordance with the author’s definition.
Keywords: budgeting, company, system, financial planning, management, supervision, motivation.
Oleg A. Khvostenko, candidate of Economics, Associate Professor of Samara State University of Economics.