The Comprehensive Budget Management Study Of XY Company

In the 1920s,large manufacturing enterprises in western developed countries first applied budget management to enterprise management.Now,comprehensive budget management has become a competitive advantage for enterprises.With the the rapid and sustainable improvement of productivity and science and technology,the important management tools for achieving strategic objectives have been developed rapidly,and the international status has been steadily improved,and more and more high-tech enterprises have been born.In order to maintain its core competitiveness in the fierce competition,enterprises need to formulate clear strategic objectives and achieve strategic objectives through budget management.Therefore,how to implement comprehensive and effective budget management becomes an issue that enterprises need to consider carefully.However,traditional budget management has some limitations and shortcomings,such as poor budget management and strategic connection,insufficient budget preparation,and one-sided budget assessment indicators.In this situation,enterprises urgently need new management tools to optimize it.In order to make up for the deficiency of current budget management and correctly express the corporate strategic target,the balanced scorecard system can be used to introduce the balanced scorecard theory and method into the budget management of the enterprise.In the study of XY,we have conducted field research,and we've been able to talk to financial directors,head of the department,and the staff,to collect and organize internal information.On this basis,we understand the development history,competitive advantage,organization structure and the current comprehensive budget management system from the compilation,approval,appraisal and other phases of the company's overall budget management,so we can analyze the problems that the firm has in the overall budget management and the cause of these problems.Then,this paper proposes a balanced scorecard for the compilation,implementation,control and assessment of the comprehensive budget management of XY company,and studies how to use the balanced scorecard to transform the strategic target into the budget target of the enterprise and how to specify the specific budget target value,and use the analytic hierarchy process to set the index evaluation weight,and finally put forward the supporting measures to introduce the balanced scorecard.The conclusion is that the comprehensive budget and balanced scorecard are effective strategic tools.In many ways,the combination of balanced scorecard and enterprise's budget management is feasible,which can help to make up the short board of the current comprehensive budget management and ensure the full play of the strategic value of the company.