Abstract
At the initial stage of formation, budgeting of financial results in organizations aimed to define financial responsibility centers, which should be accountable for negative deviations arising from established estimates. They could be cost centers or profit centers. However, at present, budgeting functions are not limited only to the sphere of control, but also include other managerial function, such us regulation, risks mitigations and even motivation. The article substantiates the consideration of budgeting of financial results in the field of food industry as a means of financial management, which becomes applicable in the process of regulating the value chain of the business model.
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
