КАДРОВИЙ ПОТЕНЦІАЛ ПІДПРИЄМСТВ ЗАЛІЗНИЧНОГО ТРАНСПОРТУ: ІНСТРУМЕНТИ ТА ДЕСТРУКТИВНІ ЧИННИКИ РОЗВИТКУ HUMAN

Abstract

Budgeting is gaining great popularity among domestic enterprises, whereas enterprises at those are used modern methods of the budgeting process can more effectively organize financial and economic activities. Today, the financial planning is one of the most effective alternative financial instruments used by enterprises to improve their financial activities and strengthen their financial condition. It allows to foresee and assess in advance the financial viability of individual lines of enterprise’s business, which is able to ensure the financial stability of the business entity as a whole. COVID-19 and the pace of changes that had taken place have put many businesses in the state of survival with a focus on cash flow, planning and profitability. This requires the improving systems and processes to minimize the impact of economic uncertainty. In the modern world the financial planning and analysis is the leader in the sphere of transformation of the entire business in general and its financial component in particular. There is a wide variety of methods of implementation and use of budget management, which were developed and improved by foreign scientists and researchers, as well as domestic scientists to adapt to economic and market conditions. Each budgeting method has its advantages and disadvantages. Applying the right way of budgeting will ensure the growth of management efficiency through the creation of additional value and improving control properties. Modern budgeting methods are aimed at increasing the company's flexibility through a preliminary analysis of possible changes in both external and internal environment, which will help minimize risks. The features of the budgeting process at enterprises are considered. Also in the work there is a consideration of the concept of budgeting by various scientists and researchers. The analysis of various methods of implementation and use of budget management is carried out, the essence and effectiveness of each of the methods is disclosed, and the positive and negative features of the methods of the budgeting process are highlighted.