Study On The Application Of Comprehensive Budget Management In The XX-fundedlife Insuranc Company

Comprehensive budget management has a century of history, and has a relatively complete and scientific theory and method for the internal control of large enterprise. So the management model currently adopted by many businesses in the world. In1960s, the comprehensive budget management in our country begin to introduced, and has little effect. Since the reform and opening up, the comprehensive budget management gradually adopted in the domestic large enterprises and companies, but few applications in the insurance industry. In our country, the life insurance industry has made an higher achievement in establishment of the system of modern life and the improvement of the international competitiveness in the word. However, with the gradual liberalization of the domestic market after accession to the WTO, the domestic insurance companies and enterprises has an obvious disadvantages on the management capabilities, operational efficiency and capital for the pressure from international insurance companies.Therefore, this study discuss the comprehensive budget management theory foundation and budget method, and formulate a set of suitable for the company’s overall budget management system on the base of the budget management development present situation of the XX-owned life insurance company. In the further, we chose the trend mode to analysis the operating status of the XX-owned Life insurance companies since the company adopted the comprehensive budget management. And we analysis some shortcomings of XX-owned life insurance company in the preparation and implementation of a comprehensive budget management, then put forward some proposals and measures to improve and develop the company’s overall budget management system. So we get some conclusions as follows:Firstly, the study establish the comprehensive budget management of XX-owned life insurance company from the company management budget, cash flow budget and the main statement budget. In the process of the comprehensive budget management, we use many methods for the characteristics of the specific aspect, for example, a fixed budget, the increase or decrease in the amount of the budget law, a variety of methods for the preparation of flexible budgeting, zero-based budgeting, and the probability of the Budget Act et al.Secondly, we combining the qualitative analysis and quantitative analysis method to discusses and investigate the implementation effect of the overall budget management for the XX-owned life insurance company. And we found that the comprehensive budget management play an important role on the products sales, premium income and enterprise investment returns, and a better control of the enterprise unnecessary daily spending. So the comprehensive budget management could promote enterprise more efficient operation and ensure a stable operating profit for enterprises.Finally, there are some deficiencies in the implementation of a comprehensive budget management for the XX-owned life insurance company, mainly is the basis of the budget management is relatively weak, lack of supervision of the budget implementation, employees lack of budget management attention, etc. So we could take some measures for enhancing the competitiveness of enterprises, for example, we could bulid a unified information platform to strengthen the management of the budget, establishing and implementing the tracking system,, training the understanding of employees on short-term goals and long-term goals for the recognition of employees is an important measure to improve the insurance enterprise budget management efficiency.