Research On Comprehensive Budget Management Of ABC Group Company

With the development of financial management, comprehensive budget management, as a effective way to improve the enterprise efficiency, is a kind of all-round management model which is throughout whole management process. Comprehensive budget management is the bridge which joins operating decisions and operating activities. As one of the most effective management measures for the implementation of enterprise development stategies, comprehensive budget management is a kind of guarantee mechanism that helps the enterprises improve revenue and reduce cost in the complicated economic environment. Furthermore, it's an important method to enhance the company's management capacity. Given the complexity and volatility of international and domestic economic environment, "Guarantee the growth" is faced with greater difficulties. A growing number of state-owned enterprises are increasingly aware of the role of the comprehensive budget management. The publlication of "Interim Measures on Corporate Financial Budget" on June 25, 2007 signified that the state capital budget management would enter the standardized period. Recently, in accordance with the requirements of SASAC, all state-owned enterprises have launched a series of initiatives, including carrying out serious self-examination, finding out their weakness, developing individualized measures, perfecting the organization structure, improving the comprehensive budget management preparation process and methods, strengthening strategy gudiance for budget performance, and reinforcing monitor and assessment machanism for budget management. Thus, in the transformation period of state-owned enterprises, the implementation of comprehensive budget management of state-owned enterprises is of great urgency. Comprehensive budget management can improve group companies' strategic management, promote the management reform continuously, speed up the value-driven action, control the business risk, optimize the allocation of resources and then enhance the competitive edge of the state-owned enterprises and strengthen and the core competence of military enterprises.This paper explores related concepts and theories of comprehensive budget management. Taking ABC group's existing budget management as the research object, the thesis elaborates the present situation of the company from the perspectives of formation, execution and evaluation of comprehensive budget, points out the existing problem of budget management in ABC group, and offers proposals for improvement and put forwar feasible program for comprehensive budget management in ABC Group. Finally, the feasibility and effectiveness of the improvement program for comprehensive budget management in ABC Group Company is expounded.ABC Group Company is one of the top-10 military group companies. In the case of limited capital, the measures of promoting budget management, establishing a scientific and rational budget management system, and improving the utilization of capital are crucial to the long-term future and core competence of ABC Group Company.