Research On Improvement Of Comprehensive Budget Management For Hengyang Fengshun Automobile Axle Company

Since reform and opening-up,the economy and society of China is developing with high speed,The living standard of people is increasing day by day,convenient and comfortable travel demands continue to be released,which contribute to the vigorous development of China's auto industry.However,behind the huge travel demand and vast auto market is the continuous decline in the share of domestic independent brands.Comparing with the foreign auto brands,there is a large gap in terms of the comprehensive strength and the overall quality.Domestic independent brand have to constantly strengthen enterprise management,and improve the product quality,R & D technology,and sales service.The comprehensive budget management is exactly a scientific method which covers all the economic activities and the whole process of an enterprise.Fengshun Axle Company is a typical Chinese auto parts manufacturer,which experienced the reform from military to private,the introduction of foreign technology and the creation of independent brand,it's very representative in the industry.Based on the Comprehensive budget management theory,the strategic management theory and the control t heory,this paper selects Fengshun Axle Company as the research object,makes a research from the budget organization system,preparation process,execution control,assessment and motivation etc.Investigations revealed that there 're many problems in the comprehensive budget management practice of Fengshun Axle Company,including imperfect organization system,unscientific objectives and preparation,loose implementation and control,imperfect evaluation and incentive mechanism etc.This paper puts forward improvement approaches which include improving budget management organization system,optimization of budget approval process,improving budget implementation control mechanism,highlighting budget evaluation incentive etc.This paper focuses on how to promote the practical application of the comprehensive budget management,make a thorough thinking on related problems,and clearing the future direction of the case enterprise.I hope this paper can be helpful to Fengshun Axle Company in further developing the function of the comprehensive budget management.