Research On Comprehensive Budget Of D Company

China has joined the WTO for more than 20 years.In the process of full competition with domestic and foreign enterprises,the internal control system of Chinese enterprises represented by large and medium-sized state-owned enterprises has been improved and developed,and the comprehensive strength of enterprises has been continuously enhanced.In 2021,the comprehensive strength of State Grid Corporation of China has climbed to the second place among the world’s top 500 enterprises.The development of enterprises needs policy support,market development and research and development of new products,but the improvement of management level is the most important.Comprehensive budget management forms a set of effective governance system to implement the company’s development strategy by building the organizational structure of budget management.It promotes the work coordination of organizational departments,is an important tool to implement the strategic development of the enterprise,and can also realize the effective fit between the interests of employees and the development strategy of the enterprise.Many domestic scholars and experts’ research on comprehensive budget management mostly focuses on large and medium-sized state-owned enterprises,which often have relatively complete internal control system and management mechanism.The research results have promoted the management level of large and mediumsized state-owned enterprises to a new level.The 20 years since entering the market are also the 20 years of vigorous development of the private economy.The private economy has contributed more than half of the new jobs,which plays an inestimable role in ensuring people’s livelihood,promoting employment and realizing social stability.The private economy has strong vitality and sufficient development toughness.It is undeniable that the uneven management of most private enterprises has not been fundamentally changed.Comprehensive budget management through the establishment of budget management organizational structure to form a set of effective governance system to implement the company’s development strategy.It promotes the collaboration between different departments in the organization,and realizes the alignment of employees’ interests with the development policy of the enterprise.Seeing the advantages of comprehensive budget management system,D Company introduced it in its third year of establishment.At present,comprehensive budget management has experienced 7 years in D Company,including the establishment of budget management organizational structure,preparation and improvement of budget management documents at all levels,improvement of budget management process,establishment of assessment system,etc.Budget management has become one of the important governance systems of D Company,which has made significant contributions to the development and growth of D Company.Founded in 2011,company D is a small and medium-sized private enterprise manufacturing power grid equipment.It has been deeply engaged in the power equipment market for more than 10 years.It is one of the qualified suppliers of the State Grid Corporation of China.It has experienced the high light moment of landing in the capital market,but in the last three years,D company has entered a bottleneck period,and its benefits have declined year by year.On the whole,it is influenced by the external environment,and more by the accumulated disadvantages left by management problems over the years.The company feels that the comprehensive budget management system,which has been implemented for seven years,is powerless in promoting the implementation of enterprise strategic development.This paper takes the current situation of D company’s comprehensive budget management as the research object,adopts specific methods such as interview,questionnaire and file access,takes the current situation of D company’s comprehensive budget management as the object,finds out the main problems existing in D company’s comprehensive budget management,excavates the room for improvement,and puts forward targeted improvement suggestions and guarantee measures for the above problems based on the theories of principal-agent,balanced scorecard and incentive management.Through the research,this paper obtains the main conclusions:(1)the formulation of budget objectives must be guided by the company’s development strategy and deal with the relationship between long-term and short-term objectives;(2)Matching the corresponding preparation methods for different budget types can effectively prevent the risk of budget execution deviation;(3)In the Internet era,efficient information technology promotes the convenience of management tools and provides the possibility of informatization and digitization of budget management;(4)The reasonable setting of budget assessment indicators is of great significance to realize the strategic objectives of enterprises.The research conclusion of this paper is expected to have a positive impact on improving the comprehensive budget management ability of company D,which is conducive to the improvement of the management level of the company.At the same time,I hope the research results of this paper can provide useful reference for enterprises with similar budget management problems.