Research On Comprehensive Budget Management Of Multinational Manufacturing Company

firstly has analyzed that the economic globalization and integration have been thetrend in today’s world economic development. During this process, the rise ofmultinational companies has occurred at the same time with economic globalization.The multinational company development promoted global economic development.Production technique and management skills helped developing countries industryupgrades and connection with international market. Budget was firstly applied inmultinational companies. The comprehensive budget management was formed bypractices. As a result, it was worthwhile to investigate on comprehensive budgetmanagement in multinational companies.Then introduced the originals and development of budget, relevant theories oncomprehensive budget and it management. It concluded the content, meaning,attributes and roles of relevant theories. Also the practice process and updatedresearch results from Chinese companies in comprehensive budget system. This paperconcluded that there were two significant roles in contemporary enterprisemanagement. Firstly, budget system indentified the objectives of company as a wholeand those of each department’s. It helped company performance assessment,improving employees’ job involvement, building enterprise management system,coordinating conflicts and improving resource allocation efficiency. Secondly, ithelped company strategy breakdown and implementation.This paper introduced comprehensive budget management system in OLmultinational company. Considering the manufacturing company positioning in GroupCompany, this paper found out the progressing steps, attributes of OL in budgetmanagement by wholly analysis on each section of its budget management system. Italso pointed out the representative problems in comprehensive budget managementsystem in multinational companies.The also raised solutions to improve OL comprehensive budget managementsystem. The points were1) gap between budget and strategy because of cost centerpositioning.2) Large discrepancy between budget and actual data3) loose budget4)internal control through comprehensive budget5) company governance.From points to total, the paper analyzed details on multinational comprehensivebudget system. The suggestions raised gave guidance on practice and were meaningful in theory.