ROLE OF SHORT TERM AND LONG TERM BUDGETING: OPERATIONAL PLANNING, PERFORMANCE EVALUATION, COMMUNICATION OF GOLAS AND STARTEGY FORMATION ON“A” LTDEXAMPLE IN UNITED KINGDOM’S AND CHINA’S DIVISONS

TABLE OF CONTENTS
INTRODUCTION 2
LITERATURE REVIEW 4
RESEARCH METHODOLOGY 8
RESEARCH OUTLINE 12
CONCLUSION 13
REFERENCES 13
INTRODUCTION
The budget of enterprise is one of those plans for the enterprise, which helps to set the tasks to be carried out in the enterprise in order to achieve short and long term objectives in future. It is budget of the enterprise itself, which can provide an answer whether the enterprise will be successful in future or not. On the other hand, the budget control process oversees the path of the enterprise towards the set objectives, and if needed ensures the decision making process in a way to achieve those objectives.
At the beginning of this work, the following objective was set - analysis of the processes of planning budget of the enterprise and controlling its execution in order to develop further those processes in the enterprise.
One of the essential conclusions in the work is that the enterprise does not possess procedure, which describes in detail a...