Practical aspects of the formation of a financial planning and budgeting model at shipbuilding enterprises

• Бубновская Татьяна Викторовна

  Tatyana V. Bubnovskaya. Vladivostok State University of Economics and Service. Vladivostok. Russia

• Varkulevich T.V.

  Tatyana V. Varkulevich. Vladivostok State University of Economics and Service. Vladivostok. Russia

• Antonina Yu. Shilova

  Antonina Yu. Shilova. Vladivostok State University of Economics and Service. Vladivostok. Russia

In modern conditions of functioning of enterprises, it is the budgeting process that becomes the most
important tool for financial planning, that is, the main management function. The entire system of planning
processes should have a budgetary character, in other words, all costs and results should have exclusively fi-
nancial, and ideally, monetary expression. Planning the company's activities is necessary in order to answer
the questions: where, when and for whom products will be produced, manufactured and sold or services will
be provided, and accordingly, it is necessary to understand what resources and to what extent it will be neces-
sary. The purpose of the study is to consider and justify the need to develop a budgeting methodology for en-
terprises in the shipbuilding industry and develop recommendations. Research method – generalization and
comparison. The article considers the practical aspects of the formation of a financial planning and budgeting
model at shipbuilding enterprises. The result of the study is a system of financial planning and budgeting for
shipbuilding enterprises.
Keywords: financial planning, budgeting, shipbuilding industry, financial responsibility centers, budgets,
income and expenses, cash flow budget.