A Study On Master Budget System

The American general electric appliance, the Du Pont Company, General Motors took the lead in using the master budget management. Since the late 1980s, almost all the large-scale American Corporation had used the budget method. Since the reform and opening up, China's market economy developed rapidly. The enterprise's internal and external environment changed. The management model is also continuous innovation and improvement. The application of western management accounting has promoted the development of master budget management in China. The understanding of the master budget management rose to height of managerial mechanism of enterprise and strategic management. China Telecommunications Corporation, China Mobile Communications Corporation and so on China Network Communications Corporation also used the master budget management, and worked well.Since the continuous improvement of socialist market economic system and the joining of the World Trade Organization, China's express logistics market is fully liberalized. International multinational corporations and private company accelerate into the express and logistics market. Express industries showed unprecedented competitive situation. In order to adapting to market changes and improving the competitiveness of enterprises parcel logistics, China post is promoting the reform of express logistics professionals. Since the integration of professional management of provinces in 2008, headquarter of the China Postal Express & Logistics Corporation found in 2009. China Postal Express & Logistics Corporation begins to budget and accounting as a Corporation instead of the specialized department of China Post from the beginning of 2010.Currently it is preparing for the establishment of joint-stock company.As China Postal Express & Logistics Corporation setting up a short time, internal organization and operation of the mechanism are in an exploring and running-in period. The management methods and concepts of traditional parcel logistics enterprise still have a large influence. Therefore, it is necessary to establish and implement a set of scientific internal management system and effective mechanism. The master budget management is the most logical choice. What China Postal Express & Logistics Corporation must face and solve are how to improve the management and collect comprehensive information and internal information timely to make reasonable decisions, how to lower operating costs and improve network resource utilization, how to ensure the rapid development of competitive business and realize the profit goal of enterprise, how to promote the "quality" of management and be in the intense market competition impregnable.In order to adapt the Express & Logistics Corporation reform and development, promote the economic efficiency and quality of the whole network and insure the development sustainable and stable, the author chose the topic to research. This article is to provide references for the parcel logistics enterprises in effective application of master budget management.On the basis of the results in the past research, this article focuses on the master budget management system of China Postal Express & Logistics Corporation. According to experience and knowledge, combining theory and practice, the author generalizes conclusions from facts and puts forward some opinions on implementation of master budget management in China Postal Express & Logistics Corporation. The opinions are reference and feasibility, mainly in the establishing of budget responsibility unit, budget goal, budgetary procedure, the feedback and analyses of budget, check and evaluate of budget and so on.It is available for all levels of parcel logistics enterprises to reference in budget management.This article is divided into five sections. The first section is "Introduction". It focuses on the research background of papers, the thesis summary and methods and approaches of the research. The second part is "the theory basis of master budget management". It describes the connotation and feature of master budget management and the theoretical basis, taking motivation theory, principal-agent theory and control theory into the analysis process of budget management theory.The third part is "the analysis of China Postal Express & Logistics Corporation budget management". This chapter focuses on the overview introduction of the China Postal Express & Logistics Corporation and its development environment, also the current situation and problems of budget management. The fourth part is "the establishment of master budget management in China Postal Express & Logistics Corporation". In this part, the author analysis each problem in budget management currently in the company and gives the propose solutions. Also the author explains how to develop the master budget management system from the objectives, organization, mechanisms and control. At the last part, the author expounds views on the conditions of the master budget management system implementation in China Postal Express & Logistics Corporation, which mainly from ideas, organization, and information systems.