Research On Enterprise Budget Management Based On The Financial Right

According to the traditional enterprise budget management theory, the organizational structure is viewed as the setting of budget management; as a result, the budget management system is always designed and improved under given organizational structure and rights arrangement. However, budget management should not be arranged after but incorporated to the organizational structure design. Without a healthy perfect budget management system, there would be no organizational guarantee for its formality, solemnity and authority. Moreover, it may lead to imbalanced rights, improper motivating and regulating mechanism, etc. Budget management is interrelated with organizational structure and should be included in organizational structure design. The scientific arrangement of organizational structure should be highlighted to the level of corporate governance, which core characteristic is financial governance. The reasonable disposal of financial rights is essential for financial governance. So enterprise budget management must take financial rights as its foundation, or in other words, it should take efficient disposal of financial rights as a prerequisite. This is the key to ensure the efficient implement of budget management. Budget right, in its essence, is a kind of financial right, a specific form of financial right. The financial rights and enterprise budget management are involved and interacted with each other.Through reasonable disposal of financial rights among different organizations, the financial rights-based enterprise budget management mode clarifies the duties, rights and liabilities of each related party. Moreover, it supervises and controls the exertion of financial rights and evaluates the results in the process of budget management connected by financial rights. This mode is a circular control system including the whole process of beforehand, during and afterwards control. Three budget management modes, i.e., centralization mode, empowerment mode and compromise mode, can be deduced on the base of two basic financial rights forms- centralization and empowerment. Many factors affect the choice of budget management modes and enterprises should rely on the dynamic principle and choose the best mode according to its own situations and circumstances.In the end, with the help of concerning data, we conduct an analysis on the case of one enterprise on its budget rights disposal, budget organization arrangement, the choice of budget management mode and the successful experience on these processes.