Performance evaluation of holding participants on the basis of the budget execution analysisJournal: Economics Bulletin of The National Mining University (Vol.44, No. 44)
Publication Date: 2013-11-03
Authors : Ishchenko M. I.; Nusinov V. Ya.;
Page : 71-78
Keywords : budgeting; planning; monitoring; analysis; holding; economic outcomes;
Critical analysis of the modern approaches to budgeting expenses is carried out. Existing practices for budget execution and control of ore-dressing and processing enterprise incorporated into the holding company are studied. It is proved that for enterprises that serve as the holding’s cost centers it is not profit that indicates the results of their activity, but the variance of actual costs and the planned budget.
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