A Comprehensive Budget Management Improvement Study Based On The Balanced Scorecard

The economic situation is increasingly severe,all walks of life are facing the pressure of survival and development is intensifying.In such an environment and situation,it is particularly important for enterprises to make clear the strategic direction and timely forecast the future operation situation.Comprehensive budget management is just an important management tool that can link enterprise strategy and business plan.Total budget management in our country enterprise application time is shorter,most enterprises implement the traditional budget management mode,a lot of problems in the process of practice continuously emerging,such as the lack of attention to the non-financial indicators,comprehensive budget management and strategic cohesion is undeserved,budget implementation and supervision system is not perfect and the lack of correct understanding of the comprehensive budget,etc.,these problems make the enterprise in the face of the increasingly complex economic situation is more short,rising operating risk and financial risk.This article first to the comprehensive budget management and relevant theoretical overview of the balanced scorecard,and then analyze the present situation of the application of comprehensive budget management at home and abroad,summarizes the existing problems of comprehensive budget management system,on this basis to build a set of the introduction of the balanced scorecard comprehensive budget management system,and makes the comprehensive budget management by operating control type into a strategic control type.The balanced scorecard is used to better combine the company’s long-term strategy and short-term business plan,pay attention to the financial indicators and non-financial indicators at the same time,improve the overall budget preparation,so that it can better play the role of guiding the realization of strategic objectives and controlling the business risks of the enterprise.And then to the oil industry Z corporation as a case for concrete analysis,its current Z company comprehensive budget management is not harmonious,linking to the strategy focusing too much on financial indicators,comprehensive budget performance evaluation,employee problem such as the comprehensive budget management is a lack of correct understanding,and then based on the balanced scorecard of budget management improvement as the main line,from the comprehensive budget establishment,the implementation of comprehensive budget management and supervision,budget evaluation and strategic feedback process to improve the improvement,the Z company comprehensive budget management and the strategic cohesion more fluent,ensure the implementation of the company strategic objectives,to better meet the business risks at the same time,Timely respond to changes in market conditions and operating conditions.