Application Of Comprehensive Budget Management In Daqing HONGXING Chemical Company

The budget management is the core of enterprise management, it is also an efficacious control system which has been proved by modern enterprise. In other words, do a well budget management and use it to create management benefit is one of the experiences to examine modern enterprise, and it is very important to establish modern enterprise system, improve managerial control level, enhance competitive power in the future as well. In our country, most enterprises have realized the rationality of comprehensive budget, but there are still many blind areas between knowledge and practice.The implementation of budget management should focus on strategy, and the budget starting point is defined according to operation characteristics and market environment to choose the suitable budget management patterns. There are various budget setting process and methods among which enterprises can choose in accordance with different needs. The budget should be strictly followed once it is approved. Adjustment is allowed only when there are objective changes. The budget evaluation is also an indispensable process for the successful implementation. The achievement appraisal of the staff and proper reward will make the most of corporate motivation mechanism and restraining mechanism so that the budget management can move in a virtuous circle.This article discusses the existent problems and improvement methods after the research of existent condition of Daqing HONGXING chemical company.The first part of this article introduces the general situation of Daqing HONGXING chemical company, the necessity of comprehensive budget management, the present situation of budget management. The second part discusses the problem and the cause of the present situation of it's budget management. Then, according to the construction of budget setting, the budget organization's and budget base, budget adjusting and budget controlling and budget evaluating, we can reach the idea of comprehensive budget management of Daqing HONGXING chemical company.