COST ACCOUNTING AND CONTROL OF BUSINESS PROCESSES IN THE SYSTEM OF BUDGETING

In the context of a tough struggle for competitive advantages the domestic enterprises have to reform the existing internal organizational structures, methods of doing business on the basis of modern concepts of enterprise management. To date, the most modern and effective tool for achieving the strategic goals of the enterprise is a process-oriented approach, involving management of individual business processes of the company. The effective operation of business processes is largely determined by the system of management of material, labor and financial resources, responsiveness to changes in the internal and external environment, which requires the choice of effective management technologies, one of which is budgeting. Objectively, there is a need to create an effective system of budgeting at the level of individual business processes, subprocesses, types of work and operations, which should become a single process of observation, verification and active impact in the form of feedback on the managed object. In this regard, it is necessary to develop a methodology for accounting and monitoring the execution of expenditure budgets in relation to process-oriented industries. The formation of information about the activities of business processes will allow to compare the income with the costs incurred, to improve the accuracy of cost calculation, to exercise comprehensive control over the formation of the financial result of the enterprise for various activities. The method is based on the development of classification of business processes, subprocesses, types of work and operations in relation to the specifics of garment production, determining the list of indicators of business process budgets, modernization of the system of synthetic and analytical accounts for accounting and control of business process costs. The proposals for the control over the execution of the budget of business processes expenses are substantiated, the forms for registration of its results are recommended.

budget, budgeting of expenses, document, methodology, process-oriented budgeting, accounting, control, classification, subprocesses, financial responsibility centers, ABC-ABB methods.

Kolesnik N. F., Shibileva O. V. Cost accounting and control of business processes in the system of budgeting. Business. Education. Law, 2019, no. 3, pp. 58–63. DOI: 10.25683/VOLBI.2019.48.367.