Budgeting as a tool for managing enterprise strategy

  • Agumbayeva A.Ye. Mukhamadiyeva A.A. 1Kazakhstan Innovative University of Semey, Kazakhstan, Semey 2Shakarim State University of Semey, Kazakhstan, Semey


In this article, the problem of effective conducting budgeting as one of managementtools which costs in the center of attention of scientists as for today theorganizations quite often practice creation of budgets is considered. However,now scientists did not give unambiguous definition and purpose of budgetingand therefore the budgeting system seldom brings to the entities desirable result.The purpose of this article to analyse efficiency of budgeting which showedthat it is possible to allocate basic reasons of this problem: lack of the accuratepurpose of a budgeting system in case of its implementation at the entity; a gapbetween strategic objectives of the entity and the purposes of a budgeting system;lack of support of implementation process of strategy by budgeting.As a result of our research we found out that enhancement of a budgetingsystem by means of implementation of an algorithm of creation ofbudgets in it gives the chance of increase in efficiency of implementationprocess of strategy of the entity as: orients it to implementation process ofstrategy of the entity; the ordered system of creation of budgets will concentrateon value increase of the entity.


1 Managerial Accounting by Ronald W. Hilton (2001, Hardcover)
2 Bisgay, Louis. “Trends in Financial Management.” Management Accounting, May 1997.
3 Garrison, R. H., and P. E. Noreen, ‘Managerial Accounting’, Irwin McGraw Hill, 1999.
4 Horngren, C. T. and G. Foster, ‘Cost Accounting, A Managerial Emphasis’, Prentice-Hall, Inc. 1987.
5 Johnson, H. T. and R. S. Kaplan, ‘Relevance Lost: The Rise and Fall of Management Accounting’, Harvard Business School
Press, 1987.
6 Kaplan, R. S. and A. A. Atkinson, Advanced Management Accounting, Prentice-Hall International Inc. 1989.
7 Kaplan, R. S. and D. P. Norton, ‘The Balanced Scorecard – Measures that Drive Performance’, Harvard Business Review,
January – February 1992.
8 Kaplan, R. S. and D. P. Norton, ‘The Strategy Focused Organization’, Harvard Business School Publishing Corporation, 2001.
9 Solomons, D., ‘Historical Development of Costing’, Studies in Costing, Sweet & Maxwell, 1952, pp. 1-51.
10 Veltman, M., R. Kooij and S. Marban, ‘Sales Bottlenecks And Their Effect On Profit’, Journal of Applied Business Research,
Vol 30, No 6, November / December 2014
How to Cite
MUKHAMADIYEVA A.A., Agumbayeva A.Ye.. Budgeting as a tool for managing enterprise strategy. math, [S.l.], v. 118, n. 6, p. 230-236, mar. 2017. ISSN 1563-0358. Available at: <http://be.kaznu.kz/index.php/math/article/view/1764>. Date accessed: 27 june 2017.
Without section


budgeting; integrated enterprise management system; budgeting process; algorithm of budgeting; Centers of Financial Responsibility; Cash Flow Budget; Income and Expense Budget.