Research On Optimization Of Comprehensive Budget Management Of JT Company

As the key to the rejuvenation of the country,transportation is also the foundation of making the country powerful.General Secretary Xi Jinping has repeatedly proposed that "the improvement of the public service capabilities of public transportation is necessary to build a strong country in transportation." The transportation industry as a pillar industry and service industry in the national economy plays a crucial role in the national development pattern.Being a public welfare industry to satisfy the travel needs of residents,the public transport industry maintains its own development and innovation while relying on government subsidies,so the phenomenon of long-term cost inversion is common to see.An issue that should be considered by the public transport industry lies in how to realize the optimal allocation of resources with limited funds."The establishment of a comprehensive,standardized and transparent budget system with scientific standards and strong constraints" was proposed in the 19 th National Congress of the Communist Party of China,which is the key problem that the state-owned enterprises should focus on in optimizing resource allocation.As a comprehensive and systematic management activity with full participation,all-round management and whole process control,comprehensive budget management is management means,which can facilitate the public transport industry to strengthen the management and control of operating costs,reduce the waste of resources,and perfect its own management level,so the sustainable development of the public transportation industry can be effectively maintained.There are more public transportation enterprises introducing the comprehensive budget management into the management system,which have also attached more importance to the comprehensive budget management.However,various deficiencies are found to still exist in the implementation process of comprehensive budget management,so the failure of the enterprise’s comprehensive budget management system to play the expected management role is caused.In this thesis,JT Company is selected as the research object.JT Company as an old state-owned enterprise in the public transportation industry has also faced a large number of difficulties in its development.Various problems such as heavy historical debt,lagging public transportation intelligence,and low vehicle warehousing rate are found to exist in the case of insufficient government subsidies.Therefore,the optimization of the comprehensive budget management is particularly important for JT Company.The methods such as literature research,case analysis and questionnaire survey are adopted to conduct the research.Although JT Company has made some achievements in comprehensive budget management,many deficiencies of it are found to still exist.In the research process,it is found that the comprehensive budget management of JT Company has deviated from the its company strategy.The problems at the organizational level,budgeting level,budget implementation and assessment levels all exist.In this thesis,the principal-agent theory,incentive and constraint theory,and cost regulation theory are introduced to improve the part that can be optimized for JT Company.According to the analysis of this thesis,JT Company should set up a strategy-oriented budget management system,and the goal of overall management should be combined with the strategic goal.The budget management organization mechanism should be optimized,the budget preparation system should be perfected,the budget implementation and adjustment should be standardized,and the budget management performance evaluation system should be perfected.In addition,a series of safeguard measures are also proposed to provide support for the optimization of comprehensive budget management from the aspects of system,personnel,platform and so on.Through the above analysis,the reference can be provided for the comprehensive budget management of this enterprise and even other peer enterprises.This can facilitate the relevant enterprises to achieve their strategic objectives and form a comprehensive budget management system with their own characteristics in an effective way.