To the question of the need to improve the financial planning mechanism when making investment decisions
https://doi.org/10.34020/1993-4386-2023-3-35-41
Abstract
The article focuses on the key problems of improving the financial planning mechanism when making investment decisions by organizations Based on the proposed methodology of financial planning as a systematized set of basic principles and methods of financial planning, applied indicators, impact measures necessary for the implementation of the financial plan, its monitoring, etc., the structure of this mechanism aimed at making investment decisions is substantiated, as well as the functions and tasks of the financial planning process of investment activity are defined. The authors substantiate that financial planning of investment activity is one of the most complex areas of financial planning, which is largely due to the complexity of making investment decisions, during which the state of the macroeconomic environment, objective limitations of investment activity, alternative investment opportunities, the state of the internal environment of the organization, its subjective investment preferences and other external and internal factors should be taken into account. To solve these problems, it is proposed to use such tools of the financial planning mechanism as budgeting of investment activities.
About the Authors
N. V. FadeikinaRussian Federation
Natalia V. Fadeikina – Doctor of Economics, Professor, Honored Scientist and Honored Economist of the Novosibirsk Region, Professor of the Department of Public Finance; Editor-in-Chief of the "Sibirskaya finansovaya shkola" magazine
Novosibirsk
N. V. Bryukhanova
Russian Federation
Natal'ya V. Bryukhanova – Doctor of Economics, Associate Professor, Professor of the Department of Management
Moscow
References
1. Bryukhanova N.V., Fadeikina N.V. Toolkit for the theory and practice of financial planning of an organization's activities, Sibirskaya finansovaya shkola. 2023, № 2 (150), С. 5–14.
2. Fadeikina N.V. Metodologicheskie osnovy regulirovaniya deyatel'nosti negosudarstvennykh finansovykh institutov [Methodological basis for regulating the activities of non-state financial institutions], Doc. sci (econ.) Thesis: 08.00.10, 1996, Saint-Petersburg: Sankt-Peterburgskii gosudarstvennyi universitet ekonomiki i finansov, 809 p.
3. Bryukhanova N.V., Fadeikina N.V., Fridrikh M.M. Teoreticheskie i prakticheskie aspekty ispol'zovaniya byudzhetirovaniya v finansovom planirovanii investitsionnoi deyatel'nosti organizatsii: ucheb. posobi. [Theoretical and practical aspects of the use of budgeting in financial planning of investment activities of organizations: studies. Stipend], Novosibirsk: NGUEU, 2023, 164 p.
4. Revinskii I.A., Romanova L.S. Povedenie firmy na rynke uslug: Turizm i puteshestviya: ucheb. posobie, Novosibirsk: Sib. universitet. izd-vo [The behavior of the company in the market of services: Tourism and travel: studies. Stipend], 2001, 303 p.
5. Gitman L.Dzh., Dzhonk M.D. Osnovy investirovaniya [Fundamentals of investing], Moscow: Delo, 1997, 991 p.
6. Bochkarev A., Kondrat'ev V., Krasnova V. et al. 7 not menedzhmenta: Nastol'naya kniga rukovoditelya [7 notes of management: A leader's handbook], A joint project of the weekly "Expert" and the consulting group "BIG", Moscow: Izdatel'stvo: Zhurnal «Ekspert», 1998, 424.
7. Bromvich M. Analiz ekonomicheskoi effektivnosti kapitalovlozhenii [Analysis of the economic efficiency of investments], Moscow: INFRA-M, 1996, 425 p.
Review
For citations:
Fadeikina N.V., Bryukhanova N.V. To the question of the need to improve the financial planning mechanism when making investment decisions. Siberian Financial School. 2023;(3):35-41. (In Russ.) https://doi.org/10.34020/1993-4386-2023-3-35-41