BUSINESS INFORM №1-2016

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Section: Finance, Money Circulation and Credit
UDC 369.03:336.64
Slobodianiuk N. O.
Formation of Data Array Using the MS EXCEL to Create a Budgeting System for Insurance Company (p. 293 - 298)
The article is aimed at the theoretical substantiation of the need for practical use of MS EXCEL spreadsheets when forming an array of management data in order to create an effective system for budgeting the activities of insurance company. In the working process, issues of automation of budgeting processes of insurance company activities were examined, basis of which constitute MS EXCEL spreadsheets. Advantages and disadvantages of using spreadsheets in the budgeting systems of companies have been allocated. Layouts of major operating budgets have been substantiated and proposed to introducing into practice of insurer. The article considers the main characteristics of budgets that should be considered when modeling budgets in the MS EXCEL environment. The economic effect of the introducing is improved efficiency and operability of managerial decisions in all directions of activity of insurer with minimal expenditure on using a simple effective tool for financial planning. Prospect of further scientific research is developing of a manager's screen for the head of an insurance company with purpose of providing simplicity and availability of building managerial reports.
Keywords: budgeting, MS EXCEL, insurance company, operating budget, insurance premium
Fig.: 1. Tabl.: 4. Bibl.: 13.

Slobodianiuk Natalia O. – Doctor of Sciences (Economics), Professor, Professor, Department of Finance of Business Entities and Innovative Development, Kryvyi Rih National University (11 Vitaliia Matusevycha Str., Kryvyi Rіh, Dnіpropetrovsk region, 50027, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Slobodianiuk, Natalia O. (2016) “Formation of Data Array Using the MS EXCEL to Create a Budgeting System for Insurance Company.” Business Inform 1:293–298.

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