Application Research On The Comprehensive Budget Management Of Unilumin Group Co.,LTD Based On BSC

With the continuous development of China's economy and society,the goal of enterprise management has shifted from simply completing the production task to realizing the strategic goal.The comprehensive budget management has also developed from the initial plan,coordination to many functions such as control,incentive and evaluation.Now,the comprehensive budget management has become an indispensable important management mode and management tool for modern enterprises.The following universal problems are gradually emerging,such as budget indicators and strategic objectives of the company are out of line,the company attaches too much importance to short-term business results.In order to better solve these problems,scholars proposed to introduce the principle of Balanced Scorecard as a tool to connect the comprehensive budget management and strategic objectives.Through the four dimensions of Balanced Scorecard,we can reasonably decompose the strategic objectives,comprehensively analyze the financial indicators and non-financial indicators,pay attention to the short-term interests as well as the long-term development,so as to improve the management level of the company and make the role of comprehensive budget management should be brought into full play.Firstly,this paper expounds and summarizes the related concepts and theoretical basis of domestic and foreign literature,comprehensive budget management and balanced scorecard.Then,taking Zhouming company as the case study object,using the case analysis method,this paper expounds and analyzes the industry background,the basic situation of the company,the operation status and the organizational structure,and studies the current comprehensive budget management status of the company,and finds out the existing problems and causes in the current comprehensive budget management.At last,the paper puts forward the suggestion of introducing the principle of Balanced Scorecard to the improvement of its comprehensive budget management,using the comprehensive budget management based on the principle of Balanced Scorecard to carry out the preparation process,determine and decompose the objectives,select the key indicators,improve the implementation and control,set up the evaluation system,and put forward the safeguard measures.Based on the analysis of the current comprehensive budget management system of Zhouming company,it is found that the current comprehensive budget management system of the company has achieved certain results,the company's operating revenue and net profit are steadily increasing year by year,and the company's competitiveness is also constantly increasing,but generally speaking,the company still treats the comprehensive budget management as a simple financial budget,and there are many deficiencies to be improved,such as: The budget objective is not consistent with the company's strategic objective,the budget preparation content is incomplete,the budget evaluation and incentive mechanism is not perfect,and the budget index design is not perfect.Therefore,while fully affirming the necessity of implementing comprehensive budget management,it also provides reference for enterprises in the same industry to implement comprehensive budget management.In the comprehensive budget management system,the principle of balanced scorecard is introduced to unify the budget objectives and the strategic objectives of the enterprise.While focusing on financial indicators,the importance of non-financial indicators should not be ignored.