Research On Comprehensive BQdget Management Of China Coal Energy Based On EVA

With the rapid development of China’s economy,enterprises have increasingly high requirements for comprehensive budget management.However,there are many problems in the application of comprehensive budget management in Chinese enterprises,making it difficult to achieve the expected goals of comprehensive budget management.Therefore,introducing a new model to improve the comprehensive budget management system has become an urgent problem to be solved.Establishing a comprehensive budget management system with EVA as the core requires budgeting with EVA as the core,and using EVA as the basis for adjustment to make the comprehensive budget more in line with the company’s development strategy.At the same time,by optimizing the organizational structure of comprehensive budget management,improving the performance evaluation system,and strengthening the construction of information systems,various departments within the enterprise and external stakeholders can form a consensus on the overall business objectives of the company,and promote the achievement of the goal of enterprise value creation.This paper analyzes the problems and reasons of China Coal Energy’s current comprehensive budget management by using the comparative analysis method combined with the actual situation,proposes new improvement plans for the problems,and finally proposes three aspects to ensure the smooth implementation of the improvement.Based on the comprehensive budget management and EVA theory,this paper introduces the current comprehensive budget management scheme of China Coal Energy from five aspects: budget planning,preparation cycle,budget report,preparation process and assessment system.The fuzzy comprehensive evaluation method is used to analyze the level of the current comprehensive budget management system,and the comprehensive budget management level of China Coal Energy needs to be improved,which provides the necessity for improving the scheme.First of all,combined with the comparative analysis method,it analyzes that the current comprehensive budget management of China Coal Energy has weak controllability of budget preparation process,weak budget implementation,lack of effective evaluation mechanism and weak budget supervision.Secondly,the reasons for these four issues were analyzed,namely the lack of strategic foresight in budgeting,low measurement and quality of actual budget application data,neglect of enterprise value in budget evaluation system,and weak budget supervision force.Finally,combined with the actual situation of China Coal Energy,the EVA index is introduced into the comprehensive budget management scheme,and the comprehensive budget management system based on EVA is constructed.In order to better adapt the traditional budget management scheme to the needs of enterprise operation and management in the new era,the EVA theory is applied to the comprehensive budget management scheme of China Coal Energy,and the comprehensive budget management scheme design based on EVA is proposed,which specifically includes the improvement ideas and guiding principles,application framework and process,budget target setting and decomposition,and the comprehensive budget system and advantages of the improvement scheme.In order to ensure the smooth implementation of the improved plan,three major guarantees are proposed: environment,management,and informatization.By combining EVA with traditional budget indicators,this paper improves the current budget management plan of China Coal Energy from four aspects of preparation,implementation,evaluation and supervision,improves the overall budget management level,and realizes the strategic and operational objectives of China Coal Energy,which is of great significance to the future development of the enterprise.