Research On Comprehensive Budget Management Based On Beyond Budgeting

Total Budget Management is an important tool to establish and complete the enterprise’s internal constraint mechanism, develop management accounting functionality, clarify the enterprise’s internal economic responsibility, and improve the financial management. Due to competitive environment, the enterprises are facing more uncertainty, so the strategies gradually transfer to realizing the increasing value of the company, and achieving sustainable development goals. This requires Total Budget Management, and more focus on the enterprise’s strategies, enabling them to response to the market change in a timely manner.Beyond Budgeting, being an advanced management philosophy, emphasizes on the quick response to the market demand and the external business environment with increasing uncertainty; establishing an operating system aiming at sustainable development strategies; motivating decentralization of authority. This flexible and dynamic management philosophy remedies the deficiency of the traditional Total Budget Management; satisfies the requirement on the budget management from the internal and external environment; and is beneficial to improve the efficiency of management.This article is based on traditional total budget management theory, agency theory, behavior management theory, contingency theory and motivation theory, in comparison with the advantages of beyond budgeting, comes up with the limitation of traditional total budget management, and then comes up with the implementation solution of the total budget management which based on beyond budgeting. By analyzing the current problem of total budget management for the DF Company, this article introduces total budget management based on beyond budgeting and the related improvements. The solution includes four main aspects which are:establishing budget management organization structure applicable to the DF Company; for the corporate culture, identifying the beyond budgeting; utilizing rolling budgeting method in order to reduce communication cost; adding flexible factors in the budget assessment and performance measurement; and then analyzing the effective results and promoting the implementation safeguard for the total budget management based on beyond budgeting.This article is finished combining theory research and cases analysis, theoretically increasing the feasibility for enterprises to implement beyond budgeting management model, and providing theory guidance for the enterprise’s expansion; effectively boost the application pace of beyond budgeting management, reducing costs and increasing efficiency, improving the enterprise’s budgeting management, and finally improving the enterprise’s overall comprehensive management.