Recently, the introduction of budgeting a must in matters of organization management.At the same time, if earlier interested in information about the nature of budgetary control, now the interest in this area goes into the practical field.
Thus, the introduction of budgeting will be effective with the right definition of the concepts and tools that this technology operates.You also need to be clear who is involved in it, which is planned to incur the costs and what results are expected to receive.This is why there are special corporate events in budget management training character.
However, not all executives, commercial directors, procurement or production of understand what the outcome brings effective implementation of budgeting.And in fact they are often in the company responsible for the formation and execution of budgets.Therefore, to monitor the execution of the Organization's budget data officials need to know the sequence of articles in which they are formed and planning.
introduction of budgeting system any organization associated with the emergence of a large number of problems.Often the organization as the first phase of development of selected formats budgets.However, this approach can lead to failure or (unearned processes of collecting the necessary data can lead to lateness of the budget), or the fact that a budget will be established very late, and we can not accept his will as a tool for decision-making.
main challenges facing the organization in the establishment of the budget are:
- budgeting system, is to develop a financial structure, within which the process will be carried out directly;
- budget format, their structure and form;
- Organization of budgeting aimed at the development of regulations and the appointment of responsible persons;
- automation and other technical aspects of the budgeting process, the use of special software.
Introduction of budgeting - a complex process, the main components of which are the implementation of the program and administrative activities.These measures should be used only in the aggregate, as the work with the subsequent introduction of budgeting only using the software impossible.But focusing primarily on software and automation, and not taking into account the organizational part of the process, the company runs the risk of poor performance budgeting.
For results and the timing of implementation of the budget of the project must meet a trained specialist - manager.As a rule, the head of department of budgeting or financial officer.In the case of the appointment of the responsible person when the financier, an economist, an accountant or a programmer, so budgeting is doomed to failure, since these professionals are no levers of influence on the management of the company.
