Study Of The Application Of Overall Budget Management At Bank B

As a management tool for modern corporations, Overall Budget Management (OBM) is systematic, strategic and involves all employees - characteristics that are irreplaceable by any other management tools. The creation of a scientific budget management system is indispensable to the establishment and improvement of a modern corporate management system. OBM is a comprehensive corporate management system composed of a series of budget management systems. Budget management has long been used in China, but it is only in recent years that it has seen successful application on a broad scale. Most enterprises have realized its importance and scientific accuracy, but many blind spots still exist in terms of their understanding and practice.Research on OBM has mainly concentrated in the commercial and industrial fields. This report explores OBM for the banking industry (which has received less attention so far) by referring to enterprise life cycle theories and today's new financial assessment theories as well as linking EVA and balanced score card with budgeting, with the aim of finding an OBM strategy that is more suitable for the banking industry.This report is divided into four sections. The first sections describes the origins and development of OBM and explains its concept and functions and the...