Управленческий учет: продвинутый курс
The textbook covers such important aspects of financial planning as methodological development of financial planning mechanisms, budgeting, forecasting the growth rate of the company and the company's value. Financial planning mechanisms in organizations should be adapted to the specific focus of the main business processes.When developing the optimal mechanism for planning financial resources and sources of their formation, developers of financial plans should be guided by the principles of scientific news and target orientation, the basic principles of financial planning in organizations. In this regard, the system knowledge gained from the study of this publication allows students to gain theoretical knowledge and practical skills in the competent preparation and implementation of financial plans and effective management of the company.
This article is about improving budgeting system in companies by means of a new method based on the concept of managed impacts which use project management tools. This concept divides planning into two stages: making general forecast and making set of managed impacts. Each managed impact is determined by some changes of budget’s parameters and a percentage change of a target parameter to its forecast level. All the managed impacts form project of managed impacts. And this project should take the place of master budget. This method can solve such budgeting’s problems as: flexible adaptation of the master budget to new conditions, difficulties to see the strategy and aims of company in budgets etc.
In the paper integrated information systems for corporate planning and budgeting are considered. Four groups of practical tasks exceeding the bounds of typical functionality of special-purpose planning and budgeting information systems are allocated. Several classes of information systems (simulation, statistical analysis, financial analysis and modeling, group decision making, business intelligence), which may provide the completeness of corporate planning and budgeting are denoted as solutions complementary to special-purpose planning and budgeting systems.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.