Research On Improvement Of JH Foundry Company's Comprehensive Budget Management

Comprehensive budget management is an important tool in the operation and management activities of enterprises.It is a management system that integrates the functions of planning,supervision,evaluation and incentives.If enterprises want to be invincible in the harsh market competition,they must choose a budget method that is more suitable for corporate strategy and long-term development,and constantly improve the budget level to avoid budget stagnation.However,many companies still use the traditional budget system.This budget system based on financial goals and stable external environment ignores the long-term strategic development of the company and cannot adapt to the modern dynamic market environment.The Balanced Score Card(BSC)can integrate the comprehensive budget with the corporate strategy,and it is beneficial to the long-term strategic development of the company;PDCA(Plan Do Check Act)can effectively improve the budgetary processes and cyclically improve the comprehensive budget management level.Therefore,the proposal of PDCA and BSC has far-reaching significance for optimizing the comprehensive budget management of enterprises.But few scholars use PDCA and BSC to improve comprehensive budget management at the same time.This article will integrate PDCA and BSC to improve the process and system of comprehensive budget management.This article takes JH Foundry Company as the research object,analyzes its budget management model,comprehensive budget management organization,comprehensive budget preparation,execution control,adjustment and evaluation,and finds that it still uses the traditional budget management model,and there is a series of problems such as imperfect management systems,incomplete budget indicators,lack of dynamic management of budgets,and imperfect budget evaluation and incentive mechanisms.In response to the above problems,this article introduces the fusion of PDCA and BSC into the comprehensive budget management of JH Foundry Company,integrates the four stages of PDCA and the four dimensions of BSC into the comprehensive budget management,and comprehensively improves process and system.Corresponding to the preparation,planning,execution and control,analysis and supervision,evaluation and improvement of budget management in P,D,C,and A stages,each stage considers the financial,customer,internal processes,and learning and growth of BSC.PDCA and BSC have a positive influence on each other,and continuously improve the problems of budget management,so that the comprehensive budget management level of JH Foundry Company has risen in a step-by-step manner.This article also designed various safeguard measures in terms of system,implementation,and technology,and used the safeguard measures to ensure that the improved plan can be successfully implemented in the practice of JH Foundry Company.