Development of internal financial control in the management of finances of electric power corporations

The article discusses the issue of improving the system of financial control and budgeting at electric power enterprises. It analyzes the problems of transition from accounting to financial and analytical approach, highlights the difficulties associated with duplication of software and insufficient integration of information systems. The authors present their own approach to constructing a structural and logical budgeting scheme, starting from specifying the development strategy and ending with adjusting operating budgets. The importance of taking into account a variety of factors in the formation of the sales budget, including market trends and the competitive environment, is highlighted. Conclusion dwells upon the fact that in order to improve management efficiency and achieve strategic goals of the enterprise it is necessary to apply an integrated approach to budgeting, including detailed diagnostics, strategic planning and operational response to changes in the internal and external environment.