Article
Article name IMPROVING THE EFFICIENCY OF FINANCIAL RESOURCES WITH THE USE OF BUDGETING TOOLS
Authors
Bibliographic description Charaeva M. Improving the efficiency offinancial resources with the use of budgeting tools / / Transbaikal State University Journal, 2017, vol. 23, no. 2, pp. 134—146.
Category Economics
DOI 338.2
DOI 10.21209/2227-9245-2017-23-2-134-146
Article type
Annotation The urgency of the problem under investigation is defined by the need of financial support of financial and economic activity of the Russian enterprises to enhance their long-term development. In today’s economic environment companies are forced to operate with limited financial resources. The effective use of the available funds will depend on the possibility of their development. Therefore, the use of tools from the perspective of budgeting forecasting future financial situation under various conditions is relevant and timely. The purpose of the article is to develop recommendations for the preparation of the forecast balance of the enterprise within the farm budget process, to overcome the negative impact of the factors limiting the financial support of Russian companies.The leading method of research of this problem is a method of dialectical cognition of reality, allowing fully investigate the problem and interpret the obtained scientific results. The problems that restrict financing are identified and budgeting tools are offered, the use of which will allow to anticipate future funding opportunities of the enterprise activity and to determine our target capital structure, taking into account the impact of external and internal factors in the modeling of financial and economic situation. The contents of this article can be useful for scientists, students, working on the theory and methodology of financial provision of financial and economic activity of enterprises, as well as for practitioners, adapting to the new operating conditions and aimed at improving the efficient use of financial resources. Implementation of these recommendations will increase the use efficiency of financial resources for the intensification of the Russian companies’ activities in the long term
Key words financial resources; budgeting; intra-economic budget process; forecast balance; funding policy; financial planning; accounts payable; salary; capital structure; receivables
Article information
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