TARGET-COSTING AS A COST OPTIMIZATION METHOD IN THE DEVELOPMENT OF BAKERY PRODUCTS
The author presents the scientific point of view on the fundamental elements of budget planning in the Russian Federation. The study describes the essence, principles, methods of budget planning with the release of a new, exceptionally significant budget planning method -the method of co-financing under limited financial resources in the state. The author`s model of management of the Russian budget system has been developed, which reflects the logical interrelation and the composition of control elements defining the place of budget planning as an instrument of the budget mechanism.
Keywords: budget mechanism, budget planning, principles, methods, budget resources, co-financing, sources.
Highlights:
a model for managing the budget system of the Russian Federation was developed;
the scientific basis of budget planning was revealed and a new method of co-financing was defined;
the scheme of sources of self-financing was formed.
Tatyana M. Kovaleva, Doctor of Economics, Professor, head of the Department of Finance and Credit, Samara State University of Economics.