Research On CF Group's Comprehensive Budget Management Optimization Based On Balanced Scorecard

As a management tool of modern enterprises,comprehensive budget management has been widely used.Since the development of comprehensive budget management,with its application in different enterprises,the content of comprehensive budget management has been constantly revised and improved to make its content richer and fuller.In today's market where supply exceeds demand,only based on enterprise management can we stand out in the fierce competition.Traditional comprehensive budget management neglects strategy and only focuses on immediate interests but fails to focus on the future.The traditional comprehensive budget system only includes three kinds of budget forms: business,finance and fund support.For group enterprises,only financial indicators are used for budget management,and financial indicators are used as the rudder of enterprises,which is not conducive to stand out in the dynamic market.Therefore,based on the balanced scorecard,the integration of non-financial indicators into the overall budget management can be in line with the enterprise development strategy,thus forming a more consistent with the long-term development of the enterprise comprehensive budget management model.This paper is divided into three parts.The first part is the first chapter and the second chapter.It introduces the research status of comprehensive budget management at home and abroad,the related concepts of comprehensive budget management and balanced scorecard and their related theories.Chapter 3 is the second part.It introduces the organization structure,system and compilation method of CF Group and its current budget management.On this basis,it points out some problems and drawbacks existing in the comprehensive budget management of CF Group,and analyses them.Chapter IV and Chapter V are the third part.Aiming at the problems existing in CF Group,this part introduces a balanced scorecard with guiding strategic function,increases the analysis of non-financial indicators of enterprises,puts forward the construction of a comprehensive budget management system from the financial dimension,customer dimension,internal process dimension,learning and growth dimension,and gives an example of the secondary units in CF Group.Detailed description,and put forward the corresponding safeguards and the use of the Balanced Scorecard as a management tool matters needing attention.By applying the four dimensions of Balanced Scorecard to the determination of budget objectives,budget preparation,implementation,adjustment,evaluation and other specific links,and implementing them,we can truly make the perfect fit between enterprise strategy and budget management,and at the same time make up for the shortcomings of traditional budget management.The budget management system based on the balanced scorecard has obvious advantages over the traditional comprehensive financial budget system.The application prospect of the budget management system based on the balanced scorecard will be very extensive.I hope this study can provide some help and guidance to some enterprises that want to apply the Balanced Scorecard budget management system.