The Research On The Application Of The Overall Budget Management In KT Life Insurance Corporation

Corporation budget is a whole system of producing and operating plans which show the purchase, production, marketing and financial strategy of an corporation in the next year with quantities and values , based on scientific operating prediction and decisions. Overall budget is a series of management activities which focus on the implement, control, supervision and examination of budget beginning from budget-making. Generally, overall budget is regarded as an important component of management accounting and an important method of modern corporation management. Overall budget has already been widely used by foreign large and medium sized corporations. In recent years, the theories and successful experiences about overall budget begin to attract more and more attentions of Chinese enterprises. Overall budget is the specification of corporation objects. According to the marketing environments, corporations develop their development strategies, the implement of which is supported by overall budget through resources allocation. Only can overall budget cooperate with the corporation developing tragedy, can it realize the flows of materials, funds, information and human resources of an organization, and its goal. This describes the whole implement process of overall budget in KT insurance company. It consists of 3 chapters.The first chapter reviews and summarizes the theory bases of overall budget.It introduces the development of overall budget and its present application in Chinese corporations, as well as its content and making method . This chapter is mainly to clarify the theory of overall budget.The second chapter is about financial management of life-insurance company. It introduces the characteristics of life-insurance company's marketing and financial management. It focuses on the performance of the overall budget management in the KT life insurance CO.,LTD Chengdu branch, including the making, carrying out, and examining of the budget.The third chapter is about the optimization of the overall management of KT life-insurance company . After analyzing the achievements and shortcomings in the operating of overall budget in KT, it puts forward some suggestions.