BUDGETING SYSTEM OF THE MILK PROCESSING PLANTS OF VOLGOGRAD REGION

The system of budgeting providing drawing up of the consolidated budget in terms of each business unit has been examined in the article. Research of the budgeting processing at the enterprises of milk processing of Volgograd region has shown that the principle of comparability of data quick and accounting isn’t always observed. Incomparability of data of the operational account complicates creation of the common information space, which is the key attribute of the budgeting process. When developing budgets of structural divisions and services of the enterprises it is necessary to observe the principle, which consists of the fact that the budget of each of the stages is specification of the consolidated budget. In addition to the consolidated budget the functional budgets for the relevant articles of expenses and stages of works are developed. The proposed system of budgeting allows more accurate formulation of strategic guidelines, as well as supervising and correcting the budgetary process at all stages of business management of the milk processing companies of Volgograd region.

budgeting, budget, operative accounting and bookkeeping, management accounting, accounts of management accounting, registration information, expenses, deviations from budgets, types of budgets, business units, milk-processing companies