Open AccessApplication of Flexible Budget Based on Company Profit Model: Taking VK's Financial Data as an Example
Author(s) -
Yonghong Yao,
Jingjing Li,
Yun Liu
Publication year - 2022
Publication title -
asian business research
Language(s) - English
Resource type - Journals
eISSN - 2424-8983
pISSN - 2424-8479
DOI - 10.20849/abr.v7i2.1069
Subject(s) - profit (economics) , accounting , management accounting , financial modeling , business , accounting management , big data , finance , computer science , accounting information system , economics , operations research , microeconomics , engineering , data mining
There are many types of budgeting, and budgeting based on profit models is rare. This paper combines financial big data with management accounting methods to build a profit model in financial big data; and uses model data as the basis and basis for preparing flexible budgets, making budget preparation and execution more scientific and feasible; The company’s budget preparation method has been introduced; more importantly, financial accounting and management accounting are integrated, and the forecasting and budgeting functions of management accounting applications are really brought into play and applied.