The role of budgeting in enterprise management

In the conditions of modern economy, the process of financial planning at the enterprise has undergone fundamental changes. The financial condition of an enterprise depends on the results of its production, commercial and financial activities. Initially, the financial condition of enterprises positively affects the growth of production and sale of high-quality products. In General, higher values of production and sales of products and services and a decrease in their cost, higher profitability of the company have a positive impact on its financial condition.