Research On The System Of S Provincial Post Enterprise Budget Management Based On EVA

Comprehensive budget management is a general enterprise-development-strategy-oriented internal control system in modern enterprise, and has an important position in enterprise’s internal management. While, with the development of Information Economy, the enterprise management environment becomes increasingly complicated, which causes traditional comprehensive budget management gradually exposes its deficiencies. In this condition, a new value analysis tool, EVA (Economic Value Added), is developed based the concept of residual income, and it is also an index of achievement evaluation. EVA takes all capital cost of enterprise into account, which can embody the real value-making ability of enterprise. So, EVA has already been used as a scientific management tool in many practical cases in the world.Postal company in S Province takes income expansion as the first operation target for a long time, and in the environment that SASAC (State-owned Assets Supervision and Administration Commission) is promoting the management of EVA in state-owned enterprises, the postal company plans to make a deep-going transformation on its comprehensive budget management. In order to achieve a good result in the deep-going transformation, in this paper we introduce EVA theory into the comprehensive budget management, and research the improved scheme for comprehensive budget management of the postal company in the respects of budget planning, execution, evaluation incentive, and so on.In the field of budget planning, we put our emphases on the following aspects:(1) Introducing adjustment terms of EVA indexes into budget planning indexes;(2) Rebuilding resources allocation standard in the current budget system, and allocating resources to action schemes that can create value;(3)Changing the controlling-oriented method for financial budget, and supporting the investment that cannot bring benefits in the current year but can improve the value of the postal company for a long time;(4) Paying attention to project budget that occupies capitals, such as account receivable;(5) Executing capital expenditure budget and improving the efficiency of capital by activating existing assets and strengthening product innovation.In the field of budget monitoring, we require all of budget must be executed and all of businesses that cost money must be monitored and checked. Any details are not spared to realize budget’s appreciation. At the same time, we require not only to build strict permission system and procedures to control the budget adjustment, but also to define strict domain, procedure and right of budget adjustment to increase enterprises’ value. In the analysis of budget execution, we require to shift the analysis idea to put emphasis on value increase policies to build the scheme of next work.In the field of evaluation incentive, we guide the subordinate enterprises to establish a concept of comprehensive benefits and to shift these enterprises’perception from only concerning the accounting profit index to concerning the operation of enterprise from multiple dimensions such as the level of benefit, structure of assets and liabilities, cash flow, and so on. Our final goal is to build an EVA-based budget evaluation system in all of postal enterprises in S Province, and combine the system with incentive mechanism to link the benefits of enterprises and individuals with the increase of enterprises’values.