Malykh Natalia

The article deals with methods of analyzing budget fulfillment and gives notions of ‘management by exception’, ‘use exception’, ‘efficiency exception’, ‘production volume exception’. The authors emphasize the idea that, devoid of the control system, the process of budgeting loses common sense. It is necessary to analyze budget fulfillment regularly for effective budget planning. Exception analysis is the basis for making future management decisions. In the conditions of the market economy working out a budgeting system is vital for the functioning of the organization, as only with its help the governing body can evaluate the degree of influence of different factors of economical activity on the financial result and forecast the dynamics of financial indices. An effective budgeting system in the organization allows to create a transparent and easy-manageable financial structure, solves a lot of typical economical problems of inefficiency in large organizations, lowers the possibility of high-price mistakes.