A Research On Budget Management Of CT Communication Cables Company

Communication equipment manufacturing enterprises are in the middle of the National Economic Industrial chain,and are surviving in a competitive environment which has many unpredictable technical changes and unstable demand,so they must have a correct strategic method of positioning and a proper use of internal resources to adapt to this environment.Comprehensive Budget Management can effectively help them achieve this goal.As the most important tool to guide the day-to-day business activities of an enterprise,Comprehensive Budget Management plays an irreplaceable role in helping enterprises to allocate resources,analyze the market and motivate employees,and proper improvement of the budget management method can make these effects more efficient.This paper uses the following methods to do the analysis: literature research method,statistical investigation method,the field research method and data analysis method.The article reveals that the most effective way for the corporation to enhance its competitiveness is to change its Comprehensive Budget Management Framework due to its industrial,internal and environmental background.And the article is based on the results of some recent studies of the Comprehensive Budget Management,and provides a review of the concepts of the budget management and variance analysis,as well as the Management Diagnostic Theory.According to the characteristics of the communication equipment manufacturing enterprises and the results of a survey of the employees in CT company,this article also investigates and analyzes its management model,management process and responsibility system,describes its weaknesses in comprehensive budget management,as well as presents some suggestions and plans to cope with these weaknesses.It also divides the targets of budgets into different responsibility centers and designs the corresponding evaluation system.According to the main shortcomings of its budget system,which includes failing to effectively control the manufacturing overhead,inadequate emphasis on operational indicators and too much attention on budget variances,this article claims that the bottleneck of its budget management system can be overcome by adjusting the budget management organizational structure,strengthening the control of manufacturing and manufacturing costs,focusing on financial indicators,changing the budgeting method according to characteristics of a business,etc.We hope to summarize some experiences and lessons from the evaluation,analysis and induction of Comprehensive budget management practices,and hope that this article can provide some reference for the practice of budget management of communication equipment management enterprises.