UDC 336.02

BUDGETING AS METHOD OF MANAGING FINANCE CONSTRUCTION COMPANY

Kovaleva Olga Ivanovna1, Mokonen Ivan Mikhailovich2, Liberovskaya Anna Borisovna3, Chizhov Sergey Vladimirovich4
1Petrozavodsk State University, Ph.D., associate professor of the department of economics and finance
2Petrozavodsk State University, Ph.D., associate professor of the department of economics and production management
3Petrozavodsk State University, Postgraduate student of the department of economics and finance
4Petrozavodsk State University, Postgraduate student of the department of economics and production management

Abstract
The article deals with the current issues the use of modern tools in financial planning in order to achieve the strategic objectives of construction companies, developing in the conditions of growing business. It is shown that the increase of efficiency of activity of the enterprise is the result of implementation of the budgeting system, in this case as a criterion is the excess of income over expenditure, which is achieved through detailed planning revenue side and target financing costs.

Category: Economics

Article reference:
Budgeting as method of managing finance construction company // Humanities scientific researches. 2014. № 9 [Electronic journal]. URL: http://human.snauka.ru/en/2014/09/7804

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