Research On The Overall Budget Management Of SM Company

With the continuous development and improvement of the market economy and the acceleration of the process of global economic integration,in such an external environment,the continuous participation of domestic enterprises in international competition is not only a good opportunity for the development of domestic enterprises,but also a major challenge,not only the competition in financial,material and human resources,but also the level of enterprise management affects the competitiveness.Modern enterprises are learning and applying more and more comprehensive budget management methods,enterprises are also in urgent need of a scientific,effective and comprehensive management tool to cope with changes in the external environment and internal competition.Comprehensive budget management is a systematic method to allocate the financial,physical and resources of enterprises,in order to achieve the strategic objectives set by the enterprise,the development of modern enterprise has an important role and significance.This paper starts with the related theories of the overall budget management,elaborates the concepts of the overall budget management and the balanced scorecard,and points out the important role of the overall budget management in the enterprise management,which is an important management means,overall budget management at the beginning,mainly for cost and cost control budget,through the control of production costs and expenses,hope to achieve the profit maximization goals,in the later stage,it gradually evolved into budget control and management with the goal of financial profit,while at the present stage it has entered into a strategy-oriented comprehensive budget.While carrying out internal management activities,enterprises have established a sound overall budget management system,it belongs to the most effective modern management mode,and is also an important way to improve enterprise management efficiency and budget execution.SM Company is a medium-sized state-owned enterprise,mainly engaged in the R & D,production and sales of professional equipment for pipelines and cables,the company is recognized as a leading manufacturer of pipe and cable equipment with the largest variety of domestic products,the largest production and sales volume and the highest technical level in the pipe and cable industry,through in-depth Investigation and study of SM Company,following up and analyzing the whole process of compiling the foundation of the company’s budget,implementing effect,and evaluating index,it is found that there are problems in the process of overall budget management in SM company,in this paper,through the study of the problem of overall budget management in SM Company,we put forward the optimized solution,take the company’s strategic goal as the focus point,introduce the balanced scorecard,use the key performance appraisal index,perfect the whole process of overall budget management,to ensure the implementation of budget management,through this study,some of the total budget management has not been implemented or the overall budget management is not scientific and unreasonable of similar enterprises to play a better role in reference.