Budget Management System Of No.1 Drilling Company Of Daqing Petroleum Administrative Bureau & Analysis

The article explores the practice of the budget management system in the employ of No.1 Drilling Company of Daqing Petroleum Administrative Bureau, and totally analyses strongpoint and weaknesses of its budget system by means of eight budget modules. The purpose of this article is to provide some referential recommendations to those enterprises that desire a improvement of their budget management.The article can be divided into five parts: First part briefly introduces budget management, from its origin to its development, and its eight modules; the second part gives the backgrounds of No.1 Drilling Company of Daqing Petroleum Administrative Bureau; the third part analyses the necessity that No.1 Drilling Company implements budget management; the forth part specifies the current situation that No.1 Drilling Company practices budget management, which is established on the base of the company's operation; part five evaluates the budget management system by means of eight modules(including budget compiling, execution, measurement, analysis, reporting, auditing, rewards and punishment, and computer technique supporting), points out the strengths and .weaknesses, and gives relevant suggestions to improve it. There are two parts that covered the main idea of the thesis. From introducing the framework of the budget management system, the first part particularly clarified the establishment process of budget management system. In the second part of this article, we totally analyses the budget management system of No.1 Drilling Company, and point out the strongpoint and weakness by means of eight budget modules that include budget compiling, execution, measurement, analysis, reporting, auditing, rewards and punishment and computer technique supporting.