Trade enterprises cash resources: current budgetary issues

Geyer, Eleonora and Гейєр, Елеонора Станіславівна and Гейер, Элеонора Станиславовна and Shevchenko, Liubov and Шевченко, Любов Ярославівна and Шевченко, Любов Ярославовна and Shendryhorenko, Maryna and Шендригоренко, Марина Трохимівна and Шендригоренко, Марина Трофимовна (2019) Trade enterprises cash resources: current budgetary issues. Вісник Донецького університету економіки і торгівлі імені Михайла Туган-Барановського (2 (71)). pp. 111-120. ISSN 2079-4819

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Abstract

Objective. The objective of the article is to solve current issues of the system of cash resources budgeting in trade enterprises. Methods. The methodological basis of the research is the general scientific and special methods of cognition, based on a system-structural approach to study the problems of budgeting cash flow, management reporting and the organization of an effective control system in enterprises engaged in trading activities. Methods of specification, analysis, synthesis are used in drawing up the budget of cash inflows and expenses of the trading enterprise for the next reporting period. The graphical method iss used for visual presentation of data on cash flow of the enterprise. Results. Cash is the most liquid assets of an enterprise. In order to organize effective cash management at the enterprise, it is necessary to create a proper budgeting system. In the context of enterprises, the budget means a plan that records and balances income and expenses, receipts and disbursements, growth of assets and capital, officially approved by management, for a fixed period and communicated to managers at all levels of management. Both cost and quantity metrics for the budget period can be reflected in the budget. The purpose of cash budgeting is to determine their required amount and periods when the enterprise expects a shortage or surplus of cash compared to their optimal balance in order to avoid crisis phenomena on the one hand, and on the other hand to use the available financial resources productively. The importance of management accounting as a system of planning, budgeting and controlling is analyzed in the article. Current issues on improving the efficiency of management accounting of the cash flow of a trading company are systematized. Elements of cash assets of the enterprise are generalized. The causes of the deficit and the increase in cash at trading enterprises are specified. The budget of cash receipts and expenditures of the trading enterprise for the next year is developed, based on the results of management accounting. Practical use of the budget of cash receipts and expenses will allow to increase efficiency of the management accounting system, which in its turn will ensure balanced activity of the enterprise and optimize financial flows.

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