| Recently, with the marketization reform of electricity industry, the competition becomes more and more seriously. Because of the increasing competition, enterprise-wide budget management has been increasingly adopted by enterprises. Comprehensive budget management makes strategy as the core of corporate and it contains the whole budget management about production and operations in a certain period. Comprehensive budget management system plans and controls the whole economy behaviors of enterprise. It is the strong guarantee of the enterprise goals. However, as the change of internal and external business environment and the increased competition, we have found more and more questions in the budget management which electricity generation enterprises are using. In this situation, if it wants to increase the market competitive strength, electricity generation enterprises must improve its comprehensive budget management system to adapt the development of enterprises. This paper firstly detailed analyses the characteristics of electricity generation enterprises and the present situation of budget management of electric power enterprises. Then, through BSC it designs a comprehensive budget management system of electricity generation enterprises, which combines the strategy with budget implementation, control, budget feedback, and evaluation. This system balances financial indicators and non-financial indicators, conquers the shortcoming of budget management of the electricity generation enterprises, and promotes management level of the Enterprises. Finally, the paper makes H Coal-fired Power Plant as the example. It explains the process of establishing BSC-comprehensive budget management system in electricity generation enterprises. The system contains locating corporate strategy, selecting KPI of every department, carrying out budget, controlling it and evaluating it. It is very important in enhancing electric power enterprise competitiveness and enterprise value. |
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