Research On Comprehensive Budget Management Of X Company

With the increasing scale of enterprises,group has become an important form of organization.The parent company strengthens its control over subsidiaries.As an effective tool,budget management has been adopted by more and more group companies to promote the coordinated development of parent and subsidiary companies and achieve the strategic objectives of the group.For group companies,simple cost budget can no longer meet the needs of development.They begin to gradually transition to comprehensive budget management.They carry out capital budget,financial budget,operational budget and fund-raising budget for enterprises.However,in the process of implementation,due to the inherent defects of comprehensive budget management and their own lack of experience,managers often implement comprehensive budget.Management is confused,and there will be a series of problems in the implementation of comprehensive budget management.Especially for the group companies with diversified business development,the different nature of main business requires them to implement their own budget management system in the direction of group budget management is becoming stronger.In this case,how to do the budget management of the group's subordinate enterprises has become an important research topic.Based on the overall objective of the enterprise group and according to the actual situation of the enterprise,the implementation of comprehensive budget management can strengthen the strategic objective management and internal control of the enterprise,realize the optimal allocation of enterprise resources,create higher economic benefits and improve the level of enterprise management.X company is selected as the object of case study.Firstly,combs the connotation and related theories of comprehensive budget management,and summarizes the literature of budget management.Secondly,on the basis of theoretical combing and literature review,this paper makes a detailed analysis of the development process of budget management and the status quo of comprehensive budget management of W Group,the parent company of X Company.Based on the analysis of the current situation,according to the current operating characteristics and budget management status of X company,the author points out that the overall budget of X company is not suitable.In view of the current budget management problems of company X,it is proposed to establish and improve a comprehensive budget management system suitablefor the business characteristics of company.The purpose is to optimize the allocation of internal resources,reduce the risk of company operation and improve the level of company operation and management through the binding force of comprehensive budget management.