science-review.ru
Scientific journal
Научное обозрение. Экономические науки
ISSN 2500-3410
ПИ №ФС77-57503
ISSN 2500-3410
ПИ №ФС77-57503
IMPROVING MANAGEMENT OF BUDGETING PROCESS IN INTEGRATED CORPORATE SYSTEMS
225 KB
In the current economic conditions the leading role in ensuring competitiveness of national economies belongs to large-scale integrated corporate systems characterized by an extensive scope of activities in the external economic environment as well as a complex system of internal business processes. Effective achievement of such systems development goals requires improving of budgeting process management to ensure rational use of the systems’ capabilities, coordinated interaction of system participants in the course of budgeting process, acknowledge of risk factors at all stages and levels of the process, more manageable resources and business processes. The article highlights features of budgeting process in integrated corporate systems, gives the author’s definition of the budgeting management scheme in such systems, and represents its structural diagram. In order to improve management of budgeting process in the automotive corporation a budgeting process management procedure was proposed, allowing to coordinate criteria for various stages, goals and units of the corporation budgeting process management system, methodological and practical recommendations on risk management in the budgeting process were justified aimed at obtaining budgets of higher reliability, manageability of resources and processes of the corporation.