Research On The Related Problems Of Comprehensive Budget Management In Tangshan Iron&Steel Co.

In recent years, more and more large steel project have been set up. It will have deep influence on the structure of the domestic iron&steel enterprises. As the competition among the iron&steel enterprises become more vehemence, the enterprises management and control have developed deeply in cost management. It can help the enterprises exist and achieve the target of profits maximum. The comprehensive budget management which on the basement of the company management, is the best tool to improve and thin the ability of company management and enhance the internal management. The theory of comprehensive budget management and its experience of success have gradually been accepted by the iron & steel enterprises both domestic and abroad.This paper firstly explains the definition and the deep meaning of the comprehensive budget management. It also reviews the history of development of the comprehensive budget management, which is divided by four phrases as cost budget, financial planning, comprehensive budget management aimed at target profit and comprehensive budget management aimed at strategy. Meantime, it gives the background and characteristics of each phrase and points out the direction of the development of the comprehensive budget management. Secondly, it explains the theory on how to establish the comprehensive budget management system including the system of budget organization system, the establishment of the budget goal, decomposing of the budget goal, construction of the budget responsibility network, comprehensive budget management process, budget compiling scheme, budget information monitor and feedback system, the assessment of budget information. Finally, based on the theories of the comprehensive budget management and structured by our nation's policy on comprehensive budget management, the comprehensive budget management model of Tangshan Iron&Steel Co. is elaborately and systematically built. This article discusses on the development courses of the comprehensive budget management theory, analyses comprehensive budget management concept and this article also studies the method from the needs of the modern enterprise system and the legal person governed structure to the needs of the enterprise internal management and control. It combines the fact of production and conduction of Tangshan Iron&Steel Co. Besides it sets up the strategy as target , conducts the programming as direction, the budget of year as controlling target and the flexible budget as controlling means. The system of comprehensive budget management cover the production, salesment investment and study of Tangshan Iron&Steel Co. From the strategic point, using enterprise strategic goal as budget goal, the comprehensive budget management model of Tangshan Iron&Steel Co. is proved to be effective.