PROBLEMS AND PERSPECTIVES OF BUDGETING IN THE UKRAINIAN HOLDING COMPANIES

Abstract

In the article the author examines the problems and perspectives of budgeting of holding companies in the Ukraine. She notes generally accepted procedure consisted of the following steps: strategy clarification, prognostication of budgetary indicators, provision and affirming of a business-plan. As a result of theoretical and practical research of budgeting she defines such problems as difficulties in the methodology, mildness of top-managers, retentive character according to innovations, stirring of hostility in a team because of permanent fight for the resources of a holding company. The author extends the application of budgeting and sets its intercommunication with innovative readiness of a holding company. In this connection she proposes improving on theoretical and methodical basis of budgeting on the core of concordance of the interests of customers, suppliers, production workers, administration of corporate enterprises and administrative company, transporters, creditors and shareholders. For this purpose she distinguishes the zones of the interests of participants within the limits of net profit of a holding company − budgets. In the article the author describes the content of budgets and order of their drafting, marked the list and functions of responsible persons of a udgetary committee of a holding company. She offers the form of budget report with calculated increase, growth rate, assesses innovative readiness of participants. The author applies this approach on the example of one of machine-building holding company in the Ukraine and gets the result which is quantitative estimation of the level of satisfaction (restriction) of participants, their innovative readiness, and backlogs of improvement of financial result.