Аңдатпа
Background: The purpose ofthe article is to investigate and determine the direction of development of budgeting, aswell as to identify problems and solutions. Method: The dialectical method of cognition is a methodological basis of the study. We used general scientific methods of research, such as analysis and synthesis, classification, observation and generalization, logical historical, comprehensive and systematic approaches to the assessment of economic phenomena. The historical approach has allowed analyzing the process of budgeting through the prism of dialectic issues relating to the business patterns and inprocess control. The application of a systematic and comprehensive approach to the problem required involving developments not only in business accounting, but also in economic analysis, operational and strategic management, economics, economic and mathematical modeling. Findings: The article considers the budgeting and management experience at the industrial enterprises of the leading countries worldwide. Particular attention is paid to the requirements of the British-American-Dutch and continental models. It was found that budgeting is an important supplier of information in management accounting, and its starting point. In the absence of a reasonable plan accounting, control and analysis lose all significance. Depending on the formulated management tasks budget classification has been proposed: general, private (operational or functional), flexible and static budgets. This task is solved by drawing up financial budgets. Operational budgets making the first block of the general budget may be ‘tied’to the activities of an enterprise’s particular segment. Thus,the sales budget plans the commercial department activities, the production budget determines activities of the company’s production units, the administrative budget provides for expenses of management and administrative services. These budgets can be developed in any units of measurement - both in kind and in value terms. Budgeting of activities of the organization’s segments is defined as a process of developing cost estimates for the individual business segments. The most appropriate stages of the budgeting process have been established, i.e.,the study identified: budgeting objects, priority in the development of operating budgets,the composition and structure of the information covered by budgeting, financial consolidation of operational budgets, the persons involved in the budgeting process and responsible for it. Improvements: Using budgeting methods in the context of industrial segments will enable the organization to commensurate plans with the opportunities, which means to live within the income. The use of budgeting allows determining the company’s future financial performance required to solve numerous administrative tasks. Keywords: Accounting, Budgeting, Management, Profit, Strategy