Study On Budget Management Of ZS Rural Commercial Bank

With the fast development of the reform of interest rate liberalization and penetration of the internet finance, bank management gradually confronts with huge challenge and chance. With the gradual expiration of all kinds of measures, the rural commercial bank will stay in a same competitive environment with other advanced commercial banks after finishing the reform of the honor of specific central bank bills, the unification of corporation, the upgrading of property right and so forth. Because the budget management is the important aspect in the transformation of financial management of rural commercial bank, the budget management research is very vital to advance the transformation of rural commercial bank.This article selects ZS rural commercial bank as the entity research object. It is to do a research on the budget management problems of this bank by such thought that the first step is to find problems; the second step is to analyze reasons, and the last step is to solve problems, combining my experience in working on finance for several years and participating in the reform and development of this bank since2006. This article is divided into five parts.The first part:Introduction. This part mainly introduces the researching background, meanings, targets, thoughts and contents and literature reviews on budget management research wrote by scholars at home and abroad. On the one hand, it analyzes and concludes predecessors’researching results. On the other hand, it seeks for new space of budget management research.The second part:The current situation of the budget management of ZS rural commercial bank. This part mainly introduces the development history, organizational structure and financial accounting policy of the research object. Then, it introduces the status quo of budget management system, budgetary planning, budget enforcement and budget checking as to present the work of budget management of the research object.The third part:The existing problems and reasons analysis of the budget management of ZS rural commercial bank. This part is to go deep into analysis combining the quo of budget management and bad situation occurring in the process of actual operation. Meanwhile, it summarizes the problems in the process of budget management system, management system, budget enforcement and budget checking, and three main reasons have been concluded.The fourth part:The solutions to the problems of budget management of ZS rural commercial bank. According to the problems and reasons of budget management of ZS rural commercial bank, this part states that the Funds Transfer Pricing (FTP) should be applied to the budget enforcement and budget checking on the basis of better budget management system combining the current situation of accelerating reform of interest rate liberalization and the direction of transformation and upgrading development of rural commercial bank. At the same time, it designs and improves the connection program based on the beneficial accounting reward resources, achieving the consistency between the performance target and operation target, avoiding internal consumption of resources, improving the whole level of benefit.The fifth part:Conclusion and value. This part mainly emphasizes the serious situation of the transformation and upgrading of rural commercial bank, further to conclude the application value of Funds Transfer Pricing (FTP) in budget management, including seven aspects. ZS rural commercial bank has considerable representativeness in relevant rural financial system, and applies the tool of FTP earlier. Therefore, to some extent, the research results of this article can provide reference for the next stage’s transformation and upgrading of other rural commercial banks in the same financial system. Meanwhile, this article thoroughly realizes the connection of things, putting forward some suggestions on the further development of FTP.Funds Transfer Pricing (FTP) has been applied in foreign banks maturely. Although some big domestic commercial banks also put it into use, different banks apply it differently out of their different characteristics. Therefore, the application schemes of FTP which are suitable for newly developing rural commercial banks are quite few. The major functions of FTP include the separation of interest rate risk, guidance to list price, equal examination of performance and optimization of resource allocation. This article combines the concrete application in the process of carrying out FTP, stressing the application pattern of the combination between the functions of FTP and budget management, figuring out the problems of budget enforcement and budget checking in the budget management, achieving the unification of performance target and operation target, further to promote achieving the maximized target of corporation value. Under the situation of the fast development of interest rate liberalization and internet finance, this article is expected to provide new valuable model for all rural commercial banks in whole province and even in whole country during the process of transformation and development as for the new exploration of budget management research.