Discussion On Emerson Network Power Company Comprehensive Budget Management

Comprehensive budget management is one of the core factor of modem management methods in the world, which is important to a company’s success in terms of that it helps to improve efficiency of management, to reduce the operating cost, to enhance resources allocation in reasonable, and to amend business decision. It is the most widespread business management method in the develope country. During transform of planned economy to marked economy, more and more domestic enterprises have carried out the budget control system and have obtained certain result, but quite a few of them can’t reach the expected effect.The main reason was that the enterprises carrying out the comprehensive budget management have many problems. How to bring the comprehensive budget management function into execute better becomes an important subject to be dealt with in both theory and practice.This essay discusses the budget management based on theory and some materials about the Emerson Network Power Company (ENPC) budgeting. This essay demonstrates the research background, research method, and the thing of enterprise carrying out the comprehensive budget management. In the theoretical part, it introduces the principle of budget management, mainly reviewing and summarizing the connotations and theory bases of overall budget. And it also introduces the budget organize system, the budget workout model, the budget content, the budget carrying out process and method. Through these theory to prove the necessity of comprehensive budget management in enterprises. Then this essay tried to focus on the things of ENPC carrying out the budget management. And talking about issue existing in the ENPC budget management system. Such as the budget target exceed the real capability, singleness budget workout method, be lack of the system of transfer price for internal resource. These problems inhibit the ENPC development. The essay constructs the comprehensive budget management system that is fit for the ENPC. The paper emphasizes that the ENPC should pay much attention to resolve these above questions, such as setup reasonable budget target, adopts multifarious budget workout methods, setup the system of transfer price of internal resource. This essay focus on theory and method of the comprehensive budget management and guides the comprehensive budget management execute better.