Research On The Application Of The Strategic Budget Management In H Company

The study of budget problem in the field of management accounting can be said to be the earliest and longest-lasting hot topic,and has been in dispute.The function of budget management evolves continuously,from the initial cost control development becomes the management tool that integrates planning,control,coordination and assessment,and becomes an essential activity of industrial organization,which is paid more and more attention and adopted by more and more enterprises and groups.The strategic budget management is a kind of innovation of the budget management idea and the management mode,the introduction of the strategic management thought makes the budget management work break through the short-term thinking of the one-sided pursuit of the annual profit.The strategic budget is guided by the long-term development strategy of the enterprise,promotes the landing and implementation of the enterprise strategy,improves the enterprise management level and operation efficiency comprehensively,and achieves the ultimate goal of maximizing the value of the enterprise.However,the application of strategic budget management in the current business sector is not mature.There exists a "black box" between strategic implementation and budget management,a lack of docking tools for strategic goals and budgets,a lag in budget execution control,and one-sided budget assessment standards.Therefore,how to promote the practical application of strategic budgeting in enterprises,and build a strategic budget management system to help enterprises implement long-term strategy to achieve sustainable development,but also need to further explore and improve.H Company is communication cable and telecommunications equipment suppliers,with the communication market saturation and technology development,industry competition intensified.In the process of coping with competition,H Company's budget management work gradually towards standardization and maturity.Based on the theory of budgetmanagement,this paper analyzes the development of budget management at home and abroad,analyzes the internal relationship between strategic management and budget management,takes H company as an example,analyzes the specific application situation and existing problems of budget management,and puts forward corresponding suggestions for improvement,which provides reference for the application of strategic budget management in enterprise management practice.In this paper,H Company has achieved good results in the budget control and analysis,through the monthly cost analysis and business process optimization to reduce the company's operating costs,the company's performance has been improved.However,we still need to improve from many aspects,one is to optimize the internal and external environment of strategic budget management,provide the implementation of basic security;The second is the strategic goal decomposition,through the strategic map description and decomposition strategy,through the balanced scorecard and the budget target docking,launch concrete action plan,make strategy through budget landing Third,the concrete establishment,the use of rolling budget,flexible budget combined method,based on business management plan,strengthen the cooperation between business and finance.The fourth is in the budget execution and the Process control,establishes the early warning mechanism,strengthens the information system the conformity and the construction,enhances the budget management the contingency,the risk forecast,enhances the budget analysis the timeliness and the accuracy.The fifth is to further enrich the evaluation index of four dimensions in the evaluation setting,strengthen the attention to internal process,staff and customer evaluation.And to increase the assessment of the accuracy of the budget to reduce the budget slack issues.