The Research On Comprehensive Budget Management Issues Improvement Of China Tobacco Hunan Industrial Company

Comprehensive budget management as a corporate allocation of resources and effectivemanagement tool to achieve strategic objectives, is widely used in business management Now it plays an increasingly central role in internal control, and it has become an integral partof the modern enterprise management mode. With the continuous deepening of the process ofeconomic globalization, the tobacco industry of china is phasing out the original Monopolymonopoly policy. The tobacco companies not only lost the special protection of thegovernment, while also facing intense peer competition. Faced with a changing and complexenvironment for the development, in order to stimulate the vitality of the company, Thetobacco companies urgently need to implement a comprehensive budget management policy.This article puts China Tobacco Hunan Industrial Company’s existing budgetmanagement as the research object，and will elaborate it s present Situation from the overallbudget of the company’s institutional setup, the working procedures of the budget preparation,execution and assessment of their current situation, and from the determination of the budgettargets and decomposition, draft preparation, approval, implementation and adjustment,analysis and evaluation to analyze the existing problems of the comprehensive budgetmanagement of the company. The analysis revealed that the company budgeting processgame too much, budgeting method is too simple, the lack of standard budget data, lack ofinternal control in the process of budget implementation, budget evaluation mechanism isimperfect and so on.For the analyzed the problems, this article combines with the basictheoretical knowledge of the overall budget management, with reference to the relevantliterature, and contacts the China Tobacco Hunan Industrial Company actual development,put forward practical solutions. The practical solutions contain diversification of budgettargets,rationalizing the budgeting process, improving the system of budgetary control tostrengthen budget evaluation and optimization of the budget management tool, establishing asound budget information system recommendations for improvement, trying to provide anoperational the company features a comprehensive budget management system.