Research On Total Budget Management Of The China Petroleum Hunan Marketing Company

Total budget management is an important management tool and management method, but also is an advanced management concept. Its effectiveness has been proved,and it is the control scale of daily business and financial revenue and expenditure; the standards of performance evaluation, the center of incentive and restraint system; the strong guarantee for the implementation of business strategy and support systems in the vast number of enterprises. Total budget management has been important management control tool in large enterprises and enterprise groups. At present, as an international enterprise group——the China Petroleum Corporation are building the budget management system in order to adapt to an integrated international energy company. The sale of plate is one of four blocks in China Petroleum, which is the key sources of the Group revenue and profit. and because of the front of the market, it is also the gathering point of the risk. Therefore, It is essential to do marketing enterprises'total budget management in the sale block.This article mainly analyses total budget management in the China National Petroleum Hunan Marketing Company. Firstly, this paper describes the basic principles of total budget management, including the scientific connotation of total budget management ,the role of total budget management, total budget management system, organization system and the content,specific processes of total budget management. Followed by analysis of China Petroleum Hunan Marketing Company's total budget management status, including China Petroleum Hunan Marketing Company's background information, the company's total budget, the general principles and objectives, the organization of total budget management system, content system, the total budget preparation process and evaluation system. Then it deeply analyses the current major problems and the root causes of China Petroleum Hunan Marketing Company's total budget management. Finally, it advances several advices to improve the total budget management in the China Petroleum Hunan Marketing Company. To continue to promote and strengthen the budget concept, the formation of the budget culture; correct positioning of budget targets on the based of the company's own strategy; focus on the scientific nature of the budget from the preparation of procedures and methods; adjusts the Branch offices according to the market demand and geographical environment's characteristic; strict budgetary control, improve budgetary control network; improve budget evaluation learn from the Balanced Scorecard principle; build ERP's total budget management module to speed up the budget management information; at the same time, prepare measuring and quota management of the basic management work etc.. Hope that these corrective measures can certainly provide a reference for the petroleum sale system's overall budget management.