The relationship of revenues and costs of the enterprise
Sources of income of the enterprise
Depending on the economic activity of the enterprise, sources of income are divided into several types:
- profit from the sale of output;
- profit from the sale of own fixed assets;
- The profit received from currency operations;
- funds received from crediting projects of third-party enterprises;
- depreciation deductions.
When planning financial expenditures on capital investments (enterprise development), planned total revenues for a certain period of working capital are taken into account, less mandatory payments:
- deductions for wages
- income tax;
- payment for consumed energy;
- payment of purchased materials for the main production;
- payments for the rental of property;
- payments on shares and bank loans.
The main source of financing investments in an enterprise is a development fund,whose activities are aimed at the technical re-equipment of production (purchase of modern equipment, new technologies) and the capital construction fund.
Also for the development of the company may be involved funds raised.
Sources of borrowed funds
When using borrowed funds, the amount of necessary funds is calculated, their economic feasibility, because the repayment of loans significantly increases the financial liabilities of the company. Repayment of loans occurs after the completion of the project at the expense of the organization’s development fund. If the funds in the funds accounts are insufficient, other funds are used, as well as retained earnings of the organization.
Borrowed funds are cash receipts in the form of financial (material) assistance from other enterprises, banks (long-term and short-term loans), individuals (loans), and the issuance of additional shares (bonds).
To borrowed funds can also be attributed to the funds that in the short term are at the disposal of the company (moving current wage arrears, deductions for social insurance, reserve arrears of payments, advance payments of customers).
As a result, the company's financial plan reflects the interrelation of income and expenses, as well as the whole complex of the organization’s relations with the state budget (mandatory payments for social insurance, taxes to the state treasury and the local budget), financial and cooperative relations with the credit and financial system and other organizations and businesses.
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