European Cooperation (Aug 2016)
MODERN APPROACHES TO ENTERPRISE’S INCOME-EXPENDITURE ANALYSIS
Abstract
The main goal of the analysis is to provide information for users concerning assessment of costs in order to determine way for cost reduction and to elaborate plan for increasing efficiency of enterprise management. Subject’s awareness of actual costs holds much significance for understanding details of enterprise’s activity. Costs rate are often based on data received while comparing actual costs with values determined in company’s budget. Factors that affected indicators under investigation and determined their influence focus and extent make difference for correct analysis.This article presents fundamental and basic approaches to enterprise’s income-expenditure analysis. The paper describes author’s understanding of traditional problems and challenges faced by entrepreneurs based on modern techniques of enterprise’s income and costs estimates. The article provides methodological approaches to income and costs estimates described in scientific literature as well as their connection with enterprise’s productivity.
