Study On The Optimization Of Comprehensive Budget Management System Of Company T Based On EVA

Everything in advance is in place,and comprehensive budget management is one of the important management tools in modern enterprise management.How to combine comprehensive budget management with the strategic objectives of the enterprise,the strategic objectives of the enterprise to guide the implementation of corporate financial strategies,the rational allocation of capital resources,to achieve the interests of shareholders and maximize corporate value,has attracted the attention of many outstanding enterprises.Based on the study of the theory of total budget management and the theory of economic value added,and the study of related literature,this paper finds that integrating EVA,a value management idea,with total budget management is a scientific research method,and at the initial stage of implementing total budget management in T Company,establishing a scientific and comprehensive budget management system is an important guidance for the subsequent determination of budget objectives,budget preparation and implementation,budget analysis and evaluation.It is an important guide for the subsequent determination of budget objectives,budget preparation and implementation,budget analysis and evaluation.Through the author’s observations and interviews in the actual working process,it was found that the budget management model currently adopted by Company T has many problems,such as unreasonable budget target setting,unscientific budget preparation process,incomplete budget content,unified budget method,lack of budget management assessment mechanism,lack of corporate value concept,and weak capital cost awareness,etc.In order to effectively optimise the budget management system of Company T,this paper has taken a series of measures,firstly,to reorganise and adjust the budget management organisation system of Company T;secondly,to adopt the simple moving average method to estimate the EVA target for 2023;next,to collate and improve the budget preparation and to design a reasonable budget analysis method;then,to combine the current situation and the forecasted economic growth rate of Company T,to divide the EVA The EVA target was distributed to each responsibility centre through the method of having developed a set of decomposed budget targets,so that they could better prepare the budget,and finally subsequently a comprehensive budget management system based on EVA was gradually formed by improving the budget control analysis and the budget appraisal and incentive mechanism of Company T.The article concluded by proposing the safeguards needed to build a comprehensive budget management system for EVA-based enterprises.The article concludes by proposing the safeguards needed to build a comprehensive budget management system based on EVA.The EVA-based comprehensive budget management system is constructed by introducing EVA indicators into the comprehensive budget management system,following the concept of value as the core,pointing out that in addition to optimizing the shortcomings of T Company’s existing budget management system,the EVA-based comprehensive budget management system can also reduce commissioning agency costs,optimize resource allocation,enrich and improve the functions and functions of comprehensive budget management as a value management tool It can also reduce proxy costs,optimize resource allocation,enrich and improve the functions and effectiveness of comprehensive budget management as a value management tool,and achieve effective alignment with the long-term strategic objectives of the enterprise.