Comprehensive Budget Management Research In Dalian KWD Innovation Automotive Parts LLC

Comprehensive budget management as the effective tools for group control, themeaning of the research is that the company will coordinate and improve resources.For company strategic plan oriented, the company will improve management leveland operational efficiency by budget preparation, implement, control, evaluation,incentive and a series of management activities, with the aim of maximize enterprisevalue.The content of this essay is to make research of the comprehensive budgetsystem in an international automotive parts company that I served for. Hopefully, itcould let the readers have a better understanding of comprehensive budgetmanagement theory. Meanwhile the reader could know the actual implementprocedure of comprehensive budget management.In preface, it introduces the content and meaning of the research, and explainsthe implementation of comprehensive budget management will improve thecompany’s strategy management level, monitor and evaluate production and operation,effectively use company resources, reduce management risks, in the meanwhile,improve revenue and save the cost. Comprehensive budget management is generallyused by multinational companies and its branches all over the world. The researchmainly focuses on KWD company comprehensive budget management system buildup and implementation, and research in automotive parts company.Firstly, this essay introduces the basic theory of comprehensive budgetmanagement, explains it is the concept of a mature and development of the company,and it is a basic function of internal control. Furthermore, as the guideline of thecompany operation and finance, the chapter introduces preparation method andprinciple. Moreover, it introduces some local and foreign researches, and practical status.Next, the main body analyzes KWD company comprehensive budgetmanagement system process and existing problems. Generally, it describes thebackground of KWD Company, it is a joint venture invested by Dalian InnovationCompany (state owned) and a Germany multinational automotive parts company, andthe percentage is50%and50%. Both shareholders want to use comprehensive budgetmanagement to coordinate and manage the company’s development. This chaptermainly focuses on budget preparation process, target setting, budget control, analysis,and evaluation, and explained KWD company implementation process ofcomprehensive budget management.In conclusion, KWD company still need to be continuous improved when in theactual implement process, but the system is more comprehensive, and budgetpreparation, control and analysis are more suitable for the company actual operation.It helps the company to save the cost; furthermore, for the finance informationforecast, it provides effective judgment and decision information.The innovation and solely point of the essay is that I am responsible for thefinancial management of the international company for years. Moreover, I amexperienced in budget management for years. With the connection between theory andpractice, it can design the process and content of comprehensive budget managementin consideration of the actual situation. Furthermore, the essay gives conclusion andsuggestions to how to make comprehensive budget management effective, the mainlyfocus of preparation and implementation, control and evaluation. Hopefully, it couldmake contributions to the actual implementation of comprehensive budgetmanagement.