Master Budget Plan Of LanZhou Heqiao Resource Corporation

Budget (Budgeting), this word appears since 1870 in England, the modern budget system produced in 1921 because the demand of the national legislation of the United States to the president's right system restriction. Through near a century's development in the United States, this method has turned into a standard procedure of the large industry and business enterprise after adopting by the company of GE., Du Pont at 20's of last century in the United States.Master Budget is the highest form of the targeting management; it is also a kind of systematic management tools, is the budget management expresses with the mathematics language. It is a kind of target function to beg to solve the process the [y = the f(x)]. When a business enterprise establish its own development direction, after setting up the development target, such as production value, profits, market share...etc., can just proceed the budgetary establishment, then puts into practice budget management. Master Budget management can help the business enterprise to realize decided strategy target by making the reasonable allotment of human resources, capital, materials...etc, and manage with homologous results to match to supervise and control the strategy target processing launch, control expenses, and predict funds need, profits, financial standing of a period, etc. Master Budget is a kind of formal expression of strategy programming.The Lanzhou Heqiao Resource Company is mainly dealing with the business of the ferrous carborundum production and sale, operate concurrently at the same time the small water electricity generation, it is the biggest carborundum manufacturer now in the world, it is the unique company in China which can compete with abroad high class carborundum production company. But with the increasing competition on the domestic and abroad market, lack of scientific management system, the company can hardly realize the strategy target, the management in existence of the company can not adapt to the current situation. Therefore, introducing into a scientific, effective budget method has already become the utmost urgency.This text is focus on the research of the combination of the advanced budget principle and the circumstance of my company, setting up the practice mode of the Master Budget management. Study from the western theories and practice of the budget management, proceed to the Master Budget management more thorough, and more systematically, join together with the Heqiao Resource Company business environments and actual circumstance, investigate and absorb the western advanced theories, find a suitable Master Budget management project for the company.