On The Overall Budget Management

The objectives of the thesis lie in how to conduct budget management by applying the theory of budget management in the enterprises of our country, as well as how to reduce the cost by establishing the comprehensive budget management system which enhances profitability and serves the overall development of Beijing Tobacco Company. The thesis mainly consists of five sections:The first two chapters introduce the background and motives of the study, and also address the targets and approaches of the research.On the basis of outlining budget management development home and abroad and analyzing the current situation of budget management in the enterprises of our country, the third part discusses how to conduct budget management in Chinese enterprises by focusing on such aspects as the intention and characteristics of budget management, purpose of introducing budget management, the relations between budget management and operational performance, the questions need to be underlined in process of budget management.After introducing the present state of budget management in Beijing Tobacco Company, the fourth section designates the establishment of the comprehensive budget management system through creating applicable organizational circumstances, consolidating internal management information to give full play to its functions of constantly tapping the company's potentials, cutting the cost and promoting economic performance.The last chapter consists of conclusion and suggestions. The author believes that the comprehensive budget management system helps optimizing the allocation of resources, raising the abilities of the company to make a profit, combining the implement of long-term strategic plan and short-term tactics, accelerating the realizations of the enterprise's ultimate strategic goals, pursuing economic responsibility system, pushing forward the process of reform, clarifying the working objectives, stimulating the working initiative, giving impetus to the basic work of management, controlling and systematizing daily economic activities, strengthening the abilities of market competition and risk resistance, carrying out modern management, altering the way of management from direct to indirect, unifying the standard of measurement, appraising and evaluating the economic performance of all units. Meanwhile, several suggestions are given on making a good job of the comprehensive budget management, such as refraining from making budget objectives replace enterprise ones, exempting from complicated and meticulous budget, avoiding sticking to old ways and sticking in a rut, no imposition etc. It is also suggested that the relations between budget and operational plan, budget management and budget cost as well as budget management and limits of authority in an enterprise should be handled well.