The Structure Of Comprehensive Budget Management System For Real Estate Development Enterprises

The comprehensive budget management system is based on the enterprise's strategy, and is used to fully plan and forecast the business operational activities and the financial performance in the short-term. It is also enable the both of actual operations performance and actual financial performance to target the expected goals. Meanwhile, this system is playing a vital role in standardising and improving the enterprise's management level, in particular, the application of this system has a broad prospect in China. In fact, the most of large enterprises have been carried out this comprehensive budget management system in China. However, the dentate between business managers and scholars is how to design a complete and comprehensive budget management system, which can be fully integrated in the business management process, rather than design it just for formality.The real estate industry has been rapidly established and developed in recent years, thus there are some gaps between the real estate industry and the traditional industries such as manufacture industry in terms of the general management level. At present, there are a few real estate development enterprises which have been successfully implemented the comprehensive budget management system. Since the real estate development enterprises are lack of a set of complete and comprehensive budget standards which accord with industry's characteristics and can be used as guidance.Therefore, this essay will organize the structure for establishing the comprehensive budget management system for real estate development enterprises. Firstly, it will explain the theory of the comprehensive budget management system and analyse the characteristics of the real estate industry. Second is to outline two typical system for the comprehensive budget management system. Thirdly, it will describe the content and the budget management process for these two system separately. In the meantime, it also will identify the range of applications, advantages and disadvantages for each system. In addition, this essay will investigate the case study about the implementation of the comprehensive budget management system in Yuan Yang Real Estate Enterprise, and will analyse its procedure, existent problems and solutions for establishing the comprehensive budget management system.