Research On Comprehensive Budget Management Based On Balanced Scorecard

Budget management is important control means in the modern enterprise management, but in China's enterprise management practice, single budget management often overly concerned with the lagging financial indicator and it will be difficult to express the strategic intentions, resulting in the reduction of budget management functions. To make up for its lack of a comprehensive budget management to improve our business activities, this paper proposes a BSC budget management should be implemented, and construct a comprehensive budget based on the BSC for the enterprise management system. Its basis is there are strong mutual advantages complementarities between budget management and BSC. BSC could well connect the overall strategic objectives with the day-to-day activities. by introducing a BSC comprehensive budget, enterprises can achieve strategic goals and business objectives' unity, and The combination of long-term goals and short-term objectives.This paper is divided into two parts content, in which Chapter 1 to Chapter IV is the first part. This part detailed introduces comprehensive budget management and the Balanced Scorecard theory, focus on analyzing the inherent flaws of the traditional Comprehensive budget management , the significance and ways of introducing BSC into a comprehensive budget management, it is to make the theoretical preparation of the latter part papers. Chapter V to VI is the second part of this paper, which is the focus of this paper and also is where the innovation lies. In this section, the author systematically researched a comprehensive budget management system based on the BSC for the enterprise, investigated the characteristics of a comprehensive budget management system based on BSC, Construction of organizational systems, content, the system of regulation, the performance appraisal system and the problem which should be paid attention to when implementing BSC budget management. BSC budget will be applied to the design of the system, the budget targets set. Among those, such as the establishment and implementation of the budget, the enterprises budget management truly takes strategic intentions into action, embodies the perfect integration of corporate strategy and budget management, it could make up for the deficiencies of traditional budget management.BSC budget has a very clear advantage relative to the traditional budget management. We have reason to keep optimistic about the prospect of BSC budget management. The author also hopes that this paper is able to provide some assistance and means for the actual design and application of the enterprises BSC budget management system.