Research On Comprehensive Budget Management Of L Company

Comprehensive budget management is within the core content of corporate governance, and has been proven as an efficient management method by various entities in numerous aspects including corporate resource allocation, information sharing and performance evaluation. In the developed west, comprehensive budget management has been applied by a Large number of corporations with different sizes, and become an important part of internal management system of an enterprise. In China, an increasing number of corporations have adopted, innovated and Launched such new corporate governance mode.Company L is a Large state-owned military manufacturing group company with Long history, vast scale and broad industry chain. Through years of development, with a multi-species, diversified and multi-corporate enterprise pattern formed, the Company has achieved rapid growth in recent years by means of strengthening main business, widening markets and so on, and has entered the fast track of development. In the face of good momentum, towards the Company there emerges a key issue that through what control means the Company would be able to promote sustainable improvements of overall economy and economic benefits. In 2008 the Company chose comprehensive budget management as a breakthrough point; since then its corporate resource allocation, efficiency of resource utilization, scientistic of decision-making and quick reaction capacity to adapt to changes in external markets, have been improved significantly. In recent years, with the constantly changing internal and external environments, there remain some prominent problems in the application of comprehensive budget management for Company L; To better serve the Company’s operation and development in the Long run, in this paper we provide some improvement measures and recommendations related to the existing problems in daily work of Company L, hoping that such measures and recommendations can help the Company to improve management quality and efficiency, and in addition provide some reference for other domestic enterprises to carry out comprehensive budget management.